Computer hardware and IT solutions company Dell (NYSE: DELL) will be announcing earnings results this Tuesday after market close. Here’s what to look for.
Dell beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $29.78 billion, up 19% year on year. It was a strong quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations and full-year revenue guidance topping analysts’ expectations.
Is Dell a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Dell’s revenue to grow 11.2% year on year to $27.1 billion, improving from the 9.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.48 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dell has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Dell’s peers in the hardware & infrastructure segment, some have already reported their Q3 results, giving us a hint as to what we can expect. IonQ delivered year-on-year revenue growth of 222%, beating analysts’ expectations by 47.8%, and Diebold Nixdorf reported revenues up 2%, topping estimates by 1.7%. IonQ traded up 3.6% following the results while Diebold Nixdorf was also up 16.6%.
Read our full analysis of IonQ’s results here and Diebold Nixdorf’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the hardware & infrastructure stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 8.3% on average over the last month. Dell is down 24% during the same time and is heading into earnings with an average analyst price target of $162.38 (compared to the current share price of $123.06).
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