Dell Technologies Inc. is expected to release its Q3 2026 10-Q filing on September 3, 2026. Last quarter: Dell Technologies delivered exceptional Q2 FY2026 results with revenue surging 87.5% YoY to $43.8B and net income jumping 256.3% to $3.4B, driven by explosive AI infrastructure demand, though gross margin compressed 3.4 percentage points to 17.75%.
EPS Estimate
$4.98
Revenue Estimate
$45.72B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the DELL page.
Drawn from management commentary in the Q2 2026 10-Q:
Total revenue nearly doubled YoY, rising 87.5% from $23.4B to $43.8B, reflecting surging enterprise demand for AI servers and infrastructure solutions. This growth rate is exceptional for a company of Dell's scale and signals strong positioning in the AI hardware buildout cycle.
Operating income surged 213.8% YoY from $1.2B to $3.7B, with operating margin expanding 3.4 percentage points to 8.3%, demonstrating that revenue growth is outpacing operating expense growth. SG&A grew only 6.0% YoY while revenue grew 87.5%, indicating strong operating leverage.
Gross margin declined 3.4 percentage points YoY from 21.1% to 17.75%, as cost of revenue grew faster (95.5%) than revenue (87.5%). This compression likely reflects a higher mix of lower-margin AI server hardware, which typically carries thinner margins than software and services.
Revenue
$43.84B
++87.54% YoY
EPS (Basic)
$5.30
++281.29% YoY
Gross Margin
17.8%
-3.37% YoY
Operating Income
$3.66B
++213.82% YoY
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