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BUZZ-Dell falls after forecasting drop in FY26 gross margin

Reuters
Feb 28, 2025
BUZZ-Dell falls after forecasting drop in FY26 gross margin

** Dell Technologies' DELL.N shares fall 2.3% to $105.35 premarket

** The laptop maker expects its annual adjusted gross margin rate to decline about 100 basis points in FY26

** Co forecast annual revenue between $101 bln and $105 bln, compared with analysts' average estimate of $103.17 bln, according to data compiled by LSEG

** Expects annual adj profit of $9.30 per share vs estimates of $9.23 per share - LSEG

** DELL's PC business lagged amid soft demand

** Co reports Q4 adj EPS of $2.68, beating estimates of EPS $2.53 - LSEG

** Separately on Thursday, research firm International Data Corporation lowered its traditional PC forecast for 2025 and beyond, driven by U.S. tariffs on China and weakening market sentiment

** Up to last close, DELL lost 6.4% YTD

(Reporting by Sanchayaita Roy in Bengaluru)

((sanchayaita.roy@thomsonreuters.com))

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