Dell misses by $0.15, reports revs in-line; guides Q2 EPS above consensus, revs above consensus; guides FY26 EPS above consensus, revs in-line
- Reports Q1 (Apr) earnings of $1.55 per share, excluding non-recurring items, $0.15 worse than the FactSet Consensus of $1.70; revenues rose 5.1% year/year to $23.38 bln vs the $23.18 bln FactSet Consensus.
- Infrastructure Solutions Group (ISG) Revenue: $10.3 bln, up 12% yr/yr.
- Servers and Networking revenue rose 16% to a Q1 record $6.3 bln.
- Storage revenue rose 6% to $4.0 bln.
- Client Solutions Group (CSG) revenue rose 5% yr/yr to $12.5 bln.
- Commercial Client revenue: $11.0 billion, up 9%.
- Consumer revenue: $1.5 billion, down 19%.
- Infrastructure Solutions Group (ISG) Revenue: $10.3 bln, up 12% yr/yr.
- Co issues upside guidance for Q2 (Jul), sees EPS of $2.25, excluding non-recurring items, vs. $2.11 FactSet Consensus; sees Q2 revs of $28.50-29.50 bln vs. $25.33 bln FactSet Consensus.
- Co issues guidance for FY26, sees EPS of $9.40, excluding non-recurring items, vs. $9.21 FactSet Consensus; sees FY26 revs of $101-105 bln vs. $103.11 bln FactSet Consensus.