Q1 2026 Dell Technologies Inc Earnings Call Transcript
Key Points
- Dell Technologies Inc (DELL) reported a 5% increase in revenue, reaching $23.4 billion, driven by growth across all core markets.
- Earnings per share increased by 17% to $1.55, growing three times faster than revenue.
- The company experienced unprecedented demand for AI-optimized servers, with $12.1 billion in orders booked in the first quarter.
- Dell Technologies Inc (DELL) achieved record cash generation for the first quarter, with cash flow from operations reaching $2.8 billion.
- The company is leading in AI innovation, with significant advancements in AI infrastructure and partnerships with key industry players like NVIDIA and Google.
- Consumer revenue declined by 19%, indicating challenges in the consumer market.
- Gross margin decreased by 80 basis points due to a competitive pricing environment, particularly in the CSG segment.
- The demand environment for traditional servers moderated compared to the previous quarter, with a lower mix of higher-margin North American sales.
- Operating income rate improvements were partially offset by a more competitive environment and geographical mix challenges.
- The company faces variability in timing and choices around technology, leading to a non-linear nature of demand and associated shipments.
Please stand by. Good afternoon. Welcome to the fiscal year 2026 first-quarter financial results conference call for Dell Technologies Inc.
I'd like to inform all participants this call is being recorded, at the request of Dell Technologies. This broadcast is a copyrighted property of Dell Technologies Inc. Any rebroadcast of this information in whole or part, without the prior written permission of Dell Technologies, is prohibited.
Following prepared remarks, we will conduct a question-and-answer session. (Operator Instructions)
I'd like to turn the call over to Paul Frantz, Head of Investor Relations. Mr. Frantz, you may begin.
Thanks everyone for joining us. With me, today, are Jeff Clarke, Yvonne McGill and Tyler Johnson.
Our earnings materials are available on our IR website. I encourage you to review these materials. Also, please take some time to review the presentation, which includes additional content to complement our discussion this
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