Form 10-Q · Quarterly report
Dell Technologies 10-Q, filed Sep 8, 2026
- Filed
- CIK
- 0001571996
- Accession no.
- 0001571996-26-000046
Summary
Dell Technologies said it delivered significant net revenue and operating income growth in the second quarter and first half of fiscal 2027, driven by substantial demand for its AI-optimized servers, traditional servers and networking, storage, and commercial PCs, with AI server backlog rising as it exited the quarter. Dell said it expects significant Infrastructure Solutions Group and strong Client Solutions Group revenue growth for the full fiscal year while anticipating continued component cost inflation and global memory supply constraints, and margin-rate pressure from a mix shift toward AI-optimized servers.
Key points
- Dell's Infrastructure Solutions Group and Client Solutions Group both grew net revenue in the quarter, with business mix continuing to shift toward ISG.
- Strong industry demand for AI-optimized solutions and limited memory manufacturer capacity caused global supply constraints and substantial inflation in memory component costs, Dell said.
- Dell said it increased purchases of certain components, raising inventory levels, purchase obligations, and changing working capital dynamics.
- Dell said it expects to manage costs through measures including employee reorganizations and limits on external hiring.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2 — MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This management’s discussion and analysis should be read in conjunction with the audited Consolidated Financial Statements and accompanying Notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 2026 and the unaudited Condensed Consolidated Financial Statements included in this report. In addition to historical financial information, the following discussion contains forward-looking statements that reflect our plans, estimates, and beliefs, and that are subject to numerous risks and uncertainties. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.