Dell Technologies Delivers Third Quarter Fiscal 2026 Financial Results

About this update from Dell Technologies Inc.

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The company also names David Kennedy its chief financial officer on a permanent basis.","length":306,"tagName":"p"},{"type":"text","content":" Third-Quarter Summary ","length":21,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Record third-quarter revenue of $27.0 billion, up 11% year over year","length":68,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Diluted earnings per share (EPS) of $2.28, up 39% year over year, and record third-quarter non-GAAP diluted EPS of $2.59, up 17%","length":128,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cash flow from operations of $1.2 billion","length":41,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":237,"olType":false},{"type":"text","content":""In the third quarter we delivered record Q3 revenue of $27 billion, record Q3 profitability, strong cash generation and above-trend capital return of $1.6 billion," said David Kennedy, chief financial officer, Dell Technologies. "FY26 will be another record year, and we’re raising our AI shipment guidance to roughly $25 billion, up over 150% year over year, and revenue guidance to $111.7 billion, up 17%."","length":429,"tagName":"p"},{"type":"text","content":""AI momentum is accelerating in the second half of the year, leading to record AI server orders of $12.3 billion and an unprecedented $30 billion in orders year to date," said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies. "Our five-quarter pipeline is multiples of our $18.4 billion backlog with a mix of neocloud, sovereign and enterprise customers. Dell is winning in AI because of our unique ability to engineer bespoke high-performance solutions, rapidly deploy large, complex clusters, and provide global support."","length":568,"tagName":"p"},{"type":"text","content":" Infrastructure Solutions Group (ISG) ","length":36,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Record third-quarter revenue: $14.1 billion, up 24% year over year","length":66,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Record third-quarter Servers and Networking revenue: $10.1 billion, up 37%","length":74,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Storage revenue: $4.0 billion, down 1%","length":38,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Record third-quarter operating income: $1.7 billion, up 16% year over year","length":74,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":252,"olType":false},{"type":"text","content":" Client Solutions Group (CSG) ","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue: $12.5 billion, up 3% year over year","length":44,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Commercial Client revenue: $10.6 billion, up 5%","length":47,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Consumer revenue: $1.9 billion, down 7%","length":39,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Operating income: $748 million, flat year over year","length":51,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":181,"olType":false},{"type":"text","content":" Capital Return ","length":14,"tagName":"p"},{"type":"text","content":"Dell Technologies returned $1.6 billion to shareholders in the third quarter through share repurchases and dividends. Year to date, the company has returned $5.3 billion to shareholders and repurchased over 39 million shares.","length":225,"tagName":"p"},{"type":"text","content":" Guidance Summary ","length":16,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Full-year FY26 revenue expected between $111.2 billion and $112.2 billion, up 17% year over year at the midpoint of $111.7 billion","length":130,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Full-year AI server shipments expected to be roughly $25 billion, up over 150%","length":78,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Full-year FY26 GAAP diluted EPS expected to be $8.38 at the midpoint, up 31% year over year, and non-GAAP diluted EPS to be $9.92 at the midpoint, up 22%","length":153,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Fourth-quarter FY26 revenue expected between $31.0 billion and $32.0 billion, up 32% year over year at the midpoint of $31.5 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