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Dell Technologies (DELL) reported non-GAAP earnings of $2.32 per share for Q2 of fiscal 2026, surpassing estimates by 0.43% and marking a 19% year-over-year increase. Revenues rose 19% to $29.78 billion, driven by record AI server shipments, exceeding expectations by 1.56%. Despite these results, DELL’s shares fell 6.17% in pre-market trading.
Product revenues for the quarter reached $23.9 billion, up 26% year over year, while services revenues declined 4% to $5.84 billion, missing estimates by 22.66%. The Infrastructure Solutions Group (ISG) reported a 44% increase in revenues to $16.80 billion, attributed to strong AI and traditional server demand.
For Q3 fiscal 2026, DELL anticipates revenues of $26.5 to $27.5 billion, predicting 11% year-over-year growth. For the full fiscal year, the company projects revenues between $105 billion and $109 billion, signaling a growth of 12% year over year.
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