Dell Technologies Inc. reported Q3 2026 results via an 8-K press release. This page preserves the snapshot available when the site was archived.
Dell Technologies reported fiscal 2027 second-quarter revenue of $47.0 billion, up 58% year over year, and non-GAAP diluted EPS of $7.04, up 203% year over year.
Revenue
$46.97B
vs est. $45.85B
Beat +2.4%EPS (non-GAAP)
$7.04
vs est. $5.01
Beat +40.5%Guidance
For the third quarter of fiscal 2027, Dell guided to revenue of $49.0 billion, GAAP diluted EPS of $6.10, and non-GAAP diluted EPS of $6.50; for full-year fiscal 2027, the company raised its guidance to revenue of $192.0 billion, AI-optimized servers revenue of $74.0 billion, GAAP diluted EPS of $24.37, and non-GAAP diluted EPS of $25.50.
Source: SEC Form 8-K (Item 2.02), EX-99.1 press release. Numbers are company-reported; estimates are Finnhub analyst consensus. This is a same-day snapshot — the full AI analysis (MD&A, risks, audit opinion) is generated automatically when the 10-Q/10-K is filed.
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Drawn from management commentary in the Q2 2026 10-Q:
Management said Q1 FY2027 net revenue rose 88% to $43.842B, led by ISG growth driven primarily by AI-optimized servers and, to a lesser extent, traditional servers, networking, and storage. CSG also grew, primarily from commercial offerings, while Corporate and other revenue declined because Dell no longer distributes standalone VMware offerings.
GAAP gross margin increased 58% to $7.782B, but the gross-margin rate fell 330 basis points to 17.8%, primarily because AI-optimized servers represented a larger share of sales. GAAP operating margin nevertheless improved 330 basis points to 8.3% as the operating-expense rate declined amid substantial revenue growth.
For Fiscal 2027, Dell expects significant ISG revenue growth and strong CSG revenue growth, supported by server and networking demand and the PC refresh cycle. It also expects component-cost inflation, particularly memory inflation caused by AI-related demand and capacity limits, to persist through the remainder of Fiscal 2027 and pressure margin rates.
Revenue
$43.84B
+87.54% YoY
EPS (Diluted)
$5.24
+282.48% YoY
Gross Margin
17.8%
-3.4 pts YoY
Operating Income
$3.66B
+213.82% YoY
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