Dell Technologies (DELL) Reports Mixed Q3 Results, Shares Slip on Revenue Miss

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Samiat

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Nov 12, 2024
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Dell Technologies (NYSE: DELL) reported its financial results for the third quarter of fiscal 2025, delivering earnings per share (EPS) that exceeded market expectations but falling short on revenue estimates.

Key Q3 Highlights

* EPS (Adjusted): $2.15, exceeding the Zacks Consensus Estimate of $2.06.
* Revenue: $24.37 billion, missing the consensus estimate of $24.65 billion.
* Year-Over-Year Comparison: Revenue increased from $22.25 billion in Q3 FY2024, reflecting a 9.5% rise.
* Earnings Surprise: The company achieved an earnings surprise of 4.37%, continuing its streak of exceeding EPS expectations for the fourth consecutive quarter.

Recent Performance

Dell’s Q3 results highlight its ability to sustain profitability despite headwinds. This marks an improvement from the prior year, where EPS stood at $1.88. However, revenue fell slightly below analyst expectations, reflecting competitive pressures and possible challenges in demand.

For comparison, in the previous quarter, Dell delivered an EPS of $1.89, surpassing the estimate of $1.74. The company's robust track record of beating earnings expectations demonstrates its operational efficiency and adaptability.

Market Impact and Stock Performance

Following the earnings announcement, Dell’s shares traded lower, reflecting concerns about the revenue miss. Despite this dip, the stock has shown impressive year-to-date growth, climbing 88.4% compared to the S&P 500’s 25.5% gain.

The market's immediate reaction may hinge on insights shared during Dell’s earnings call, particularly regarding forward guidance and management’s outlook for future quarters.

Outlook and Industry Trends

Dell Technologies remains positioned in a competitive segment of the Zacks-ranked Computer - Micro Computers industry, which is in the top 33% of over 250 Zacks industries. The strong industry position could provide tailwinds, but investors remain cautious about demand fluctuations and potential headwinds impacting revenue growth.

Looking ahead, the consensus estimates for Dell’s next quarter are as follows:
* EPS: $2.63
* Revenue: $25.53 billion

For the current fiscal year, analysts forecast an EPS of $7.86 and revenue of $97.36 billion.

Broader Industry Impact

The broader technology sector remains under focus as peers like SAIC (Science Applications International Corporation) prepare to release their quarterly results. SAIC is projected to report an EPS of $2.17 on revenues of $1.93 billion, reflecting slight growth compared to the prior year.