Dell Technologies Q2 Earnings Announcement

Dell Technologies is preparing to release its fiscal second-quarter earnings on Thursday after the market closes. Here are the key details you need to know:

Adjusted Earnings

According to FactSet, the tech company is expected to report adjusted earnings per share of $1.14 for this quarter, compared to $1.68 in the same period last year.

Revenue Expectations

FactSet predicts that Dell will announce $20.86 billion in revenue for the quarter, a decrease from $26.43 billion in the previous year’s quarter.

Net Income

Dell’s net income is projected to reach $535.1 million, an increase from $506 million in the same period of the prior year.

Areas of Interest

As investors await the earnings release, there are a few key areas of interest to keep an eye on:

Demand Environment

Dell previously highlighted that customers have been cautious in their IT spending. It will be worth noting if the company provides any insights into the current state of the demand environment. In the last quarter, Dell reported softness in demand across all major lines of business, regions, customer sizes, and most verticals. However, there was an uptick in demand and improved performance for the CSG, storage, and servers business in June.

Inventory Status

Investors will closely monitor Dell’s inventory levels for this quarter. In the previous quarter, the company reduced its inventory by approximately $800 million.

Project Helix Collaboration

Dell’s collaboration with Nvidia, known as Project Helix, aims to enable customers to deploy generative artificial intelligence securely using their own proprietary data at scale. Watch for any updates or insights into the progress of this collaboration.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts