Dell Technologies announced its financial results for the fiscal 2026 third quarter, achieving record revenue of $27.0 billion, up 11% year over year.
The company reported diluted earnings per share (EPS) of $2.28, up 39% year over year, and non-GAAP diluted EPS of $2.59, up 17%.
Strong cash flow from operations of $1.2 billion was highlighted in the third quarter.
Record Revenue
Achieved record third-quarter revenue of $27.0 billion, showing an 11% increase year over year.
Earnings Growth
Diluted EPS reached $2.28, indicating a 39% year-over-year increase, with non-GAAP diluted EPS at $2.59, up by 17%.
Guidance Increase
Raised AI shipment guidance to approximately $25 billion, a growth of over 150% year over year, and revenue guidance to $111.7 billion, up 17%.
AI Momentum
AI server orders reached $12.3 billion, with $30 billion in orders year to date, showcasing accelerating AI momentum.
Capital Return
Dell Technologies returned $1.6 billion to shareholders in the third quarter through repurchases and dividends, totaling $5.3 billion year to date.
- The company witnessed accelerated AI momentum in the second half of the year, resulting in record AI server orders and significant revenue growth.
- Infrastructure Solutions Group (ISG) demonstrated remarkable performance with record revenue and operating income, while Client Solutions Group (CSG) saw growth in commercial revenue despite a slight decline in consumer revenue.
Dell Technologies is on track for another record year, with exceptional financial performance and strong guidance for the upcoming quarters. The company's focus on AI and innovation continues to propel its growth in the market.