On August 7, 2025, Brunilda Rios, the Senior Vice President and Chief Accounting Officer of Dell Technologies, announced her resignation from the role of principal accounting officer due to personal reasons, effective August 8, 2025. She will remain with the company as a Senior Vice President. Richard Troy Sharp, previously Vice President of Corporate Accounting and Reporting, has been appointed to replace her as the Chief Accounting Officer, also effective August 8, 2025.
Richard Sharp has been with Dell Technologies since July 2012 and has held various positions within the company. His new role comes with a compensation package that includes an annual base salary of $368,100 and a target annual bonus of 55% of his base salary, prorated for the fiscal year ending January 30, 2026. Sharp will also be eligible for the same benefits and programs available to other employees, including participation in the Dell Technologies Inc. 2023 Stock Incentive Plan.
linkAug 12, 2025 16:16:08
Dell Technologies has issued a total of 3,421,793 shares of Class C common stock as a result of the conversion of an equal number of Class B common stock shares held by certain investors, including Silver Lake Partners. Following these transactions, the company reported 340,673,002 shares of Class C common stock and 58,946,330 shares of Class B common stock outstanding as of July 11, 2025.
The Class B common stock can be converted into Class C common stock at any time on a one-to-one basis, and this conversion occurs automatically under certain conditions. The issuance of these shares was executed without registration, relying on an exemption under the Securities Act of 1933, and no commissions were paid in connection with the exchange of these securities.
linkJul 16, 2025 07:58:47
Dell Technologies announced its financial results for the first quarter of fiscal 2026, reporting revenue of $23.4 billion, a 5% increase year over year. The operating income rose by 21% to $1.2 billion, while the diluted earnings per share remained flat at $1.37. The company generated record cash flow from operations of $2.8 billion and returned $2.4 billion to shareholders through share repurchases and dividends, exceeding its average since launching its capital allocation program in FY23.
In terms of segment performance, the Infrastructure Solutions Group achieved record revenue of $10.3 billion, driven by a 16% increase in servers and networking revenue. The Client Solutions Group's revenue grew by 5% to $12.5 billion, although consumer revenue declined by 19%. For the upcoming second quarter, Dell expects revenue between $28.5 billion and $29.5 billion, and full-year revenue is projected to be between $101.0 billion and $105.0 billion.
linkMay 29, 2025 16:07:44
The company has submitted its financial statements and related documents as required by the Securities Exchange Act of 1934. The filing includes various exhibits that provide additional information regarding the company's financial position and operations.
The report is signed by Tyler W. Johnson, indicating that the information has been authorized and verified by the appropriate company representatives. No specific financial metrics or performance indicators were mentioned in the provided text.
linkApr 01, 2025 16:23:54
Dell Technologies reported full-year revenue of $95.6 billion, marking an 8% increase year over year. The company achieved record diluted earnings per share of $6.38, up 39% from the previous year, and announced an 18% increase in its annual cash dividend. Additionally, the Infrastructure Solutions Group saw significant growth with a 29% rise in full-year revenue, driven by strong demand for servers and networking solutions, particularly related to AI. The company also reported a substantial increase in operating income for both the fourth quarter and full year.
Conversely, the Client Solutions Group experienced a decline in full-year revenue of 1%, with operating income down 20%. Fourth-quarter consumer revenue fell by 12%, contributing to a decrease in overall operating income for this segment. Additionally, cash flow from operations dropped by 48% year over year, indicating a reduction in liquidity. The company also disclosed an accounting correction related to supplier credits, which required revisions to previously reported financial results.
linkFeb 27, 2025 16:07:59
Dell Technologies reported third quarter revenue of $24.4 billion, marking a 10% increase compared to the previous year. The Infrastructure Solutions Group (ISG) performed notably well, generating $11.4 billion in revenue, a 34% rise year over year, with servers and networking revenue surging by 58%. Diluted earnings per share also saw a positive shift, reaching $1.58, up 16% from the prior year, and non-GAAP diluted earnings per share increased by 14% to $2.15. The company's cash flow from operations was recorded at $1.6 billion, contributing to a cash and investments total of $6.6 billion at the end of the quarter.
Conversely, the Client Solutions Group (CSG) faced challenges, with revenue decreasing by 1% to $12.1 billion. Consumer revenue, in particular, dropped significantly by 18%, which impacted overall operating income for the CSG segment, falling by 25% to $694 million. Additionally, cash flow from operating activities experienced a decline of 28% compared to the previous year, highlighting a decrease in operational efficiency. Despite the overall positive financial metrics, these negative trends in the CSG segment and cash flow present notable concerns for the company's performance.
linkNov 26, 2024 16:12:16
The company has submitted important financial documents to comply with regulatory requirements. This action demonstrates the company's commitment to transparency and adherence to financial reporting standards.
The press release indicates that the necessary signatures have been provided, ensuring that the filings are officially recognized. This step is crucial for maintaining investor trust and fulfilling obligations under the Securities Exchange Act.
linkOct 08, 2024 16:39:59
Dell International and EMC Corporation have announced a significant offering of senior notes totaling $1.5 billion, with $700 million due in 2030 and $800 million due in 2035. This move is seen as a strong indicator of their financial stability, as the notes come with attractive interest rates of 4.350% and 4.850%. The offering will be fully guaranteed by their parent companies, ensuring that investors have a solid backing. The companies have also confirmed compliance with regulatory requirements, enhancing investor confidence in the offering.
On the downside, there are inherent risks associated with debt offerings, including the potential impact on the companies' financial health if they are unable to meet their obligations. While the companies have represented that there are no ongoing regulatory issues, any future challenges could affect their ability to maintain these commitments. Investors need to weigh these risks against the potential benefits of the offering, particularly in the context of the broader economic environment.
linkOct 02, 2024 16:38:59
Dell Technologies achieved significant growth in its second quarter of fiscal 2025, with total revenue reaching $25 billion, a 9% increase from the previous year. The Infrastructure Solutions Group (ISG) saw record revenue of $11.6 billion, marking a remarkable 38% year-over-year growth, primarily driven by a surge in servers and networking sales. Additionally, the company reported a substantial increase in diluted earnings per share, up 86% to $1.17, indicating strong profitability and operational efficiency. Furthermore, Dell returned $1 billion to shareholders through repurchases and dividends, showcasing its commitment to delivering value to investors.
Conversely, the Client Solutions Group (CSG) experienced a decline in revenue, down 4% to $12.4 billion, with consumer sales dropping significantly by 22%. This decline in consumer revenue highlights potential challenges in that segment. Despite an overall positive performance, the decrease in CSG revenue could indicate shifting market dynamics or competitive pressures. Overall, while Dell's strong ISG performance and profitability reflect a robust business strategy, the struggles within the CSG segment warrant attention as the company navigates these challenges.
linkAug 29, 2024 16:14:00
Dell Technologies reports Q1 revenue of $22.2 billion, a 6% increase YoY. Infrastructure Solutions Group revenue grew by 22%, with record servers and networking revenue up by 42%. Client Solutions Group revenue remained flat. Diluted earnings per share increased by 67%. Dell returned $1.1 billion to shareholders, ending the quarter with $7.3 billion in cash. The company highlighted strength in AI-driven growth and its ability to execute, despite a decrease in non-GAAP operating income. Dell is optimistic about AI enterprise opportunities and showcased new AI solutions at Dell Technologies World.
linkMay 30, 2024 16:09:22