On February 27, 2025, Dell Technologies Inc (DELL, Financial) released its 8-K filing detailing its financial results for the fourth quarter and full fiscal year 2025. Dell Technologies, a leading information technology vendor, primarily supplies hardware to enterprises, focusing on premium and commercial personal computers and enterprise on-premises data center hardware. The company holds top-three market shares in its core markets, including personal computers, peripheral displays, mainstream servers, and external storage.
Dell Technologies Inc (DELL, Financial) reported a robust performance for fiscal 2025, with full-year revenue reaching $95.6 billion, an 8% increase year over year. The company's operating income rose by 15% to $6.2 billion, while non-GAAP operating income increased by 8% to $8.5 billion. The record full-year diluted earnings per share (EPS) of $6.38 marked a 39% increase, and the non-GAAP diluted EPS of $8.14 was up 10%. These achievements underscore Dell's ability to drive growth and efficiency in a competitive market.
The company's financial achievements are significant in the hardware industry, where maintaining growth and profitability can be challenging due to intense competition and rapid technological advancements. Dell's record EPS and increased operating income reflect its strategic focus on expanding its core business and optimizing operations. The 18% increase in cash dividends and a $10 billion increase in share repurchase authorization further demonstrate Dell's commitment to returning value to shareholders.
In the fourth quarter, Dell Technologies Inc (DELL, Financial) reported revenue of $23.9 billion, a 7% increase year over year. The operating income for the quarter was $2.2 billion, up 40%, and the non-GAAP operating income was $2.7 billion, up 22%. The record fourth-quarter diluted EPS of $2.15 represented a 30% increase, while the non-GAAP diluted EPS of $2.68 was up 18%. These metrics highlight Dell's strong financial health and operational efficiency.
“FY25 was a transformative year – we hit $95.6 billion in revenue, grew our core business double digits, unlocked efficiencies, and drove record EPS,” said Yvonne McGill, chief financial officer, Dell Technologies.
The Infrastructure Solutions Group (ISG) reported full-year revenue of $43.6 billion, a 29% increase, with operating income rising by 30% to $5.6 billion. In the fourth quarter, ISG revenue was $11.4 billion, up 22%, driven by a 37% increase in Servers and Networking revenue. The Client Solutions Group (CSG) faced challenges, with full-year revenue slightly down by 1% to $48.4 billion and operating income decreasing by 20% to $3.0 billion. However, fourth-quarter CSG revenue saw a modest 1% increase to $11.9 billion.
Dell Technologies Inc (DELL, Financial) has demonstrated resilience and adaptability in a dynamic market environment. The company's strategic initiatives in AI and infrastructure solutions position it well for future growth. The guidance for fiscal 2026 anticipates full-year revenue growth of 8% and a 23% increase in GAAP diluted EPS, reflecting confidence in continued expansion and profitability.
| Metric | Q4 2025 | Q4 2024 | Change |
|---|---|---|---|
| Revenue | $23.9 billion | $22.3 billion | 7% |
| Operating Income | $2.2 billion | $1.5 billion | 40% |
| Diluted EPS | $2.15 | $1.66 | 30% |
Overall, Dell Technologies Inc (DELL, Financial) has delivered a strong financial performance, surpassing analyst estimates and setting a solid foundation for future growth. The company's strategic focus on AI and infrastructure solutions, coupled with its commitment to shareholder returns, positions it well for continued success in the evolving technology landscape.
Explore the complete 8-K earnings release (here) from Dell Technologies Inc for further details.
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