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Dell Technologies DELL Q2 2027 earnings

Reported September 1, 2026 · After market close

Revenue$47.0BBeat by $2.1B
EPS$7.04Beat by $2.13
Revenue estimate$44.9B
EPS estimate$4.91
“IT environments have shifted from cost centers to value drivers that fuel growth and competitive advantage, and customers are investing accordingly – creating opportunity across our portfolio. That's clearest in our AI server business where we booked a record $60.9 billion in orders, recognized a record $16.4 billion in revenue and exited the quarter with a record $95 billion backlog. We're seeing broader revenue growth as well, with traditional servers and networking up 122%, storage up 26% and our client solutions up 20% year over year. Our second quarter results underscore the compounding benefits of our competitive advantages, the breadth of our portfolio and the strength of our operating model.”
Jeff Clarke

Earnings data and commentary were extracted with AI from company filings and may contain errors. Verify important details in the filing.

Next report

Nov 24, 2026 (in 3 months)
Revenue estimate$42.3B
EPS estimate$4.57

Financials

Q2 2027

Income statement

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Revenue$47.0B+57.7%
Gross profit$9.8B+80.5%
Operating income$5.4B+204%
Net income$4.1B+255%
EPS (diluted)$17.31+918%

Balance sheet

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Cash & equivalents$11.6B+42.0%
Total debt$34.5B+16.9%
Total equity-$1.4B+48.4%
Total assets$127.39B+42.9%

Cash flow

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Operating cash flow$2.2B-12.5%
CapEx$1.2B+83.6%
Free cash flow$986.0M-47.2%

Valuation & ratios

Valuation

as of 09/01/26
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Market cap$294.65B+260%
Enterprise value$317.54B+208%
P/E25.9×+9.0×
P/S2×+1.1×

Profitability

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Gross margin19.8%-1.3pp
Operating margin9.4%+2.7pp
Net margin7.5%+2.8pp
FCF margin5.7%+0.7pp

Returns & leverage

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Current ratio1×+0.1×

Segments

By product

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AI-optimized servers$16.4B—
Commercial$13.2B+22.4%
Traditional servers and networking$10.5B—
Storage$4.9B+25.8%
Consumer$1.8B+7.0%

FAQ

When did Dell Technologies report Q2 2027 earnings?
Dell Technologies (DELL) reported Q2 2027 earnings on September 1, 2026 after market close.
What were Dell Technologies's Q2 2027 revenue and EPS?
Dell Technologies reported revenue of $47.0B and eps of $7.04 for Q2 2027.
Did Dell Technologies beat estimates in Q2 2027?
Revenue beat the consensus estimate of $44.9B by $2.1B. EPS beat the consensus estimate of $4.91 by $2.13.
How did Dell Technologies's Q2 2027 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 57.7% from $29.8B a year earlier and eps grew 203.4% from $2.32.
Where can I find Dell Technologies's Q2 2027 SEC filings?
You can read the 8-K earnings release (0001571996-26-000039) directly on SEC EDGAR. The filing index links above go to sec.gov.