Feb 28 - Dell Technologies Inc (DELL, Financial) shares fell more than 5% on Friday morning after posting mixed fourth?quarter results and issuing cautious fiscal Q1 2026 guidance.
The company reported Q4 earnings of $1.91 billion, or $2.68 per share, outperforming analyst expectations of $2.52 per share. However, revenue reached $23.9 billion, missing consensus forecasts of $24.6 billion.
Investors reacted to the combination of strong earnings and a softer revenue performance. Analysts from UBS maintained a bullish view, suggesting that the stock's weakness could represent a buying opportunity despite near-term challenges in the PC market and revenue recognition issues linked to a strategic realignment of the GPU product line.
For fiscal Q1 2026, Dell projects EPS of AU$1.65, short of the consensus of $1.83. Revenue guidance ranges from $22.5 billion to $23.5 billion, with a midpoint of $23 billion compared to expectations of $23.7 billion.
Looking ahead, fiscal 2026 guidance anticipates AI-optimized server revenue of at least $15 billion more than a 50% increase over fiscal 2025. Market participants remain cautious amid evolving technology trends. Analysts will continue monitoring Dell's performance as market conditions and tech trends evolve further, cautiously.
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