Dell It's down 6% from pre-marketing after the release of soft guidance in the third quarter.
However, Tech Hardware Company's second quarter revenue and revenue figures were released after Bell on Thursday.
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Adjusted earnings per share of $2.32, exceeding the $2.29 fact set consensus estimate.
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Revenue of $29.78 billion compared to analyst estimates of $29.02 billion.
The company has increased its revenue guidance for the fiscal year 2026 to $107 billion at the midpoint and a non-GAAP diluted EPS of $9.55 (higher than analysts expected). The company expects a non-GAAP dilution EPS of $2.45 in the third quarter.
The company's infrastructure solutions group, which includes AI servers, generated revenue of $16.8 billion in the last quarter, with analysts forecasting more than $15.6 billion. The company says it plans to sell $20 billion worth of AI servers this year.
The business unit's profitability was on the weaker side, with margins lower than expected. Dell COO Jeff Clarke attributed this to “offensive” and “competitive” transactions, causing one-off costs.
