Dell Technologies net income rises 32% to $1.54bn in Q3 FY 2026

Dell Technologies has reported a nett income of $1.54bn for the 3rd 4th of fiscal 2026 (FY 2026), representing a 32% summation compared to the $1.17bn posted successful the aforesaid play past year.

Net gross for the reported 4th ended 31 October 2025 reached $27bn, up 11% from $24.3bn successful Q3 FY25. Dell Technologies said that this summation was driven by AI server shipments of $5.6bn.

The company’s diluted net per stock stood astatine $2.28, a 39% year-on-year increase, portion non-GAAP diluted EPS reached a grounds $2.59, up 17%.

Cash travel from operations was reported astatine $1.2bn.

Infrastructure Solutions Group (ISG) delivered third-quarter gross of $14.1bn, which is simply a 24% year-over-year increase.

Within ISG, Servers and Networking gross grew 37% to $10.1bn, portion retention gross declined 1% to astir $4bn. ISG operating income reached $1.7bn, up 16% connected the year.

Client Solutions Group (CSG) brought successful gross of $12.5bn, an summation of 3%. Commercial lawsuit gross roseate by 5% to $10.6bn, portion user gross dropped by 7% to $1.9bn.

The operating income of CSG remained level twelvemonth implicit twelvemonth astatine $748m.

During the quarter, Dell Technologies returned $1.6bn to shareholders done stock buybacks and dividends. Since the opening of the fiscal year, full superior returned reached $5.3bn with much than 39 cardinal shares repurchased.

Dell Technologies vice president and main operating serviceman Jeff Clarke said: “AI momentum is accelerating successful the 2nd fractional of the year, starring to grounds AI server orders of $12.3bn and an unprecedented $30bn successful orders twelvemonth to date.

“Our five-quarter pipeline is multiples of our $18.4bn backlog with a premix of neocloud, sovereign and endeavor customers.

“Dell is winning successful AI due to the fact that of our unsocial quality to technologist bespoke high-performance solutions, rapidly deploy large, analyzable clusters, and supply planetary support.”

Looking forward, Dell forecasts full-year fiscal 2026 gross betwixt $111.2bn and $112.2bn, up 17% astatine the midpoint versus past year.

AI server shipments for the twelvemonth are estimated astatine astir $25bn, which would beryllium an summation of much than 150%.

The institution projects GAAP diluted EPS for FY26 astatine $8.38 astatine the midpoint, up 31%, and non-GAAP diluted EPS astatine $9.92, up 22%.

For the 4th fourth of FY26, expected gross is acceptable betwixt $31bn and $32bn with midpoint maturation of 32%. Projected GAAP diluted EPS is $3.05 and non-GAAP diluted EPS is $3.50 astatine their respective midpoints.

Dell Technologies main fiscal serviceman David Kennedy said: “In the 3rd 4th we delivered grounds Q3 gross of $27bn, grounds Q3 profitability, beardown currency procreation and above-trend superior instrumentality of $1.6bn.