Released
FY2027 Q1
Earnings ReviewDELL
BEATDell Technologies
Dell Technologies · AI Server/Infrastructure
Fri, May 29, 2026·After Market Close
Dell TechnologiesAI ServerData CenterAI InfraISGEarnings
01Wall Street Consensus
EPS$2.88
Revenue$34.81B
02Earnings Results
EPS$4.86+68.8%
Revenue$43.8B+25.8%
After-Hours ReactionAH +15%
Key Takeaways
- Adj EPS $4.86 — vs consensus $2.88, +68.8%, **+214% YoY**
- Revenue $43.8B — vs consensus $34.81B, +25.8%, **+88% YoY**
- **AI Server revenue $16.1B — +757% YoY** (largest quarter ever)
- **AI order backlog $24.4B** — forward-quarter and FY revenue visibility step-up
- **Segments** — ISG $29B (+181% YoY, op income $3.1B +206%) / AI Server $16.1B (+757%) / Traditional Server & Networking $8.5B (+92%) / Storage $4.3B (+8%) / CSG $14.6B (+17%, op income $1.2B +79%)
- Operating cash flow $4.1B (+46%) / GAAP op income $3.656B (+214%) / Non-GAAP op income $4.235B (+154%) / Net income $3.438B (+256%) / Adj FCF $3.165B (+42%) / Capital return $2.1B
- FY27 revenue guide $165–169B (vs $143.9B consensus, +16%) · AI server $60B (raised from $50B) · Adj EPS $17.90 (vs $13.16 consensus, +36%, +74% YoY)
- Q2 FY27 revenue guide $44–45B (vs $35.4B consensus, +25.7%) · Adj EPS $4.80 (vs $3.01 consensus, +59%, +107% YoY)
Key Checkpoints
Upside Catalysts
Risk Factors
Detail
SEPS 서프라이즈 히스토리
Beat1Miss0Beat률 100%
분기별 EPS 컨센서스 대비 서프라이즈(%) — 막대: EPS, 점선: 매출
컨센서스 대비 실제 EPS/매출 서프라이즈 (%)