Dell Delivers Mixed Q3 Earnings, Shares Volatile After Hours Even With Strong Outlook: 'Dell Is Winning In AI' - video Dailymotion

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5 weeks ago

Dell missed Q3 revenue expectations but beat on earnings as server and networking sales surged 37%, driven by record AI server demand. Consumer revenue weakened, but strong cash flow and rising AI orders supported an upgraded full-year outlook. Shares dipped slightly in after-hours trading.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Dell reported third-quarter revenue of $27.01 billion, missing Wall Street's estimate but

00:08posting adjusted earnings of $2.59 per share that beat expectations. Revenue rose 11% year-over-year,

00:16led by a 37% jump in servers and networking to $10.1 billion. Commercial client revenue reached

00:23$10.6 billion and storage revenue totaled $4 billion. Consumer revenue fell to $1.9 billion.

00:31Dell generated $1.2 billion in operating cash flow and returned $1.6 billion to shareholders

00:38and ended the quarter with $9.57 billion in cash. Dell said accelerating AI demand has driven record

00:45AI server orders of $12.3 billion in the second half and $30 billion so far this year.

00:52Dell projected fourth-quarter revenue between $31 billion and $32 billion and raised full-year

00:58guidance. Shares traded at $124.43 in after-hours, down 1.18%.

01:06For all things money, visit Benzinga.com.

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