Yesterday, Dell Technologies announced its second-quarter financial results for fiscal year 2026 (ending August 1st). Dell's report showed record revenue of $29.8 billion (approximately RMB 212.481 billion), a 19% year-over-year increase. Operating profit was $1.8 billion, a significant 27% year-over-year increase. This performance far exceeded market expectations, primarily driven by strong demand for enterprise servers and storage devices, as well as the continued recovery of consumer PC products. On a non-GAAP basis, operating profit reached $2.3 billion, a 10% year-over-year increase, reflecting improved profitability in its core business.
Dell's diluted earnings per share for the quarter were $1.70, a 38% year-over-year increase; non-GAAP earnings per share reached a record $2.32, a 19% increase. Furthermore, operating cash flow of $2.5 billion provided ample fuel for technology R&D and market expansion. Notably, Dell remains optimistic about its next phase of performance: it projects full-year fiscal 2026 revenue of between $105 billion and $109 billion (a median of $107 billion, representing a 12% year-over-year increase), with third-quarter revenue forecast at $26.5 billion to $27.5 billion (a median of $27 billion, representing an 11% year-over-year increase).
Analysts point out that Dell's growth trajectory is highly aligned with the global digital transformation trend. Its hybrid cloud solutions and AI infrastructure deployment are emerging as new growth drivers, while supply chain optimization further strengthens its profit margin advantage.
