Dell Technologies Surpasses Expectations, Boosts Full-Year Revenue Guidance as AI-Optimized Server Orders Drive Growth

Benzinga
Benzinga
  • last month
Dell Technologies exceeded analysts' expectations for fiscal first-quarter revenue and earnings and raised its full-year revenue guidance. Dell's AI-optimized server orders increased significantly but the company's gross margins declined due to competitive pricing and a higher mix of AI servers. Dell's AI server backlog is primarily made up of orders for Nvidia-based servers as the company works through supply chain issues. The backlog also includes large cloud customers. Extended trading saw Dell's stock price drop over 18% following the earnings call.

Recommended

0:45
I
Up next
CVS Beats Earnings and Revenue Expectations, But Lowers Profit Guidance
Benzinga
2:26
Intel Q4 Earnings Highlights: Shares Trade Lower, Revenue Beat, EPS Beat, Guidance Disappoints, 'Executing Our Mission To Bring AI Everywhere'I
Benzinga
0:29
Amazon's Q1 Earnings Exceed Expectations, AI Investments, and Advertising Drive Revenue Growth
Benzinga
0:44
Adobe Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance, Momentum Due To 'Highly Differentiated Approach To AI' And More
Benzinga
3:18
FedEx Earnings Highlights: FedEx Delivers Mixed Q1 Results: Lowers Revenue Outlook, Increases Earnings Guidance, Shares Spring Higher
Benzinga
3:18
Zscaler Q1 Earnings Highlights: EPS Beat, Revenue Jumps 40%, Strong Guidance And More
Benzinga
3:34
Adobe Shares Sink After The Company Reported Q4 Earnings And Issued Q1 And FY24 Total Revenue Guidance Below Estimates
Benzinga
2:45
DraftKings Q4 Earnings Highlights: Revenue Miss, EPS Beat, Jackpocket Digital Lottery Acquisition, Guidance Increase And More
Benzinga
0:38
Procter & Gamble's Q2 Earnings Mixed: Beat on EPS, Slightly Missed on Revenue Expectations
Benzinga
0:36
Home Depot Beats Q1 Earnings Expectations, but Revenue Falls Short as Customers Delay Renovation Projects
Benzinga
0:39
Coca-Cola Crushes Expectations with Strong Q3 Earnings and Revenue
Benzinga
4:14
Qualcomm Q4 Earnings Highlights: Revenue Beat, EPS Beat, Chipmaker's Guidance Comes In Ahead Of Estimates
Benzinga
3:49
Netflix Q4 Earnings Highlights: Revenue Beat, 13.12 Million Net Paid Subscribers, Q1 Guidance And More
Benzinga
0:36
JPMorgan Chase's Q2 Earnings Beat Expectations, with Soaring Investment Banking Fees and Equities Trading Revenue
Benzinga
0:51
Meta Platforms Q3 Earnings Highlights: Revenue Up 23% YoY, New Guidance, Facebook User Growth And Much More
Benzinga
0:49
Amazon Q1 Earnings Highlights: Revenue And EPS Beat, AWS Up 16% YoY, Q2 Guidance And More - $AMZN
Benzinga
0:30
Oracle Surpasses Expectations with 16% Rise in Earnings and 9% Revenue Growth, What Investors Need To Know
Benzinga
0:45
Salesforce Beats Earnings and Revenue Expectations
Benzinga
0:57
Rivian Stock Upshifts On Strong Q3 Earnings: EPS Beat, Revenue Beat, Increased Production Guidance And More
Benzinga
7:41
Palo Alto Networks Q2 Earnings: Stock Plummets After Soft Guidance, EPS Beat, Revenue Up 19%
Benzinga
0:40
Intel Beats EPS Expectations but Misses on Revenue in Q4 Earnings Report
Benzinga
0:44
Microsoft, Google earnings shine as AI drives revenue 
PTVPhilippines
1:02
Meta Platforms Q1 Earnings Highlights: Revenue And EPS Beat, Ads Delivered Rise 26%, AI Spending Update And More
Benzinga
2:39
Baidu's Q2 Earnings Highlights: Strong Growth, Beats Expectations, Says Well-Positioned To Capitalize on AI
Benzinga
10:36
Raiding Roblox Servers as the Police (CRASHING SERVERS)
PinkAntvids