Dell Technologies Reports Record Results for Fiscal Year 2026

For the fiscal year 2026, Dell Technologies achieved a remarkable revenue of $113.5 billion, marking a 19% increase compared to the previous year. This surge in revenue was accompanied by a record diluted EPS of $8.68, up 36% year-over-year, and a non-GAAP diluted EPS of $10.30, reflecting a 27% increase. Additionally, the company generated a record cash flow from operations totaling $11.2 billion.

In a move to reward its shareholders, Dell announced a 20% increase in its cash dividend and a $10 billion increase in its share repurchase authorization. Throughout the fiscal year, the company returned a total of $7.5 billion to shareholders through dividends and share buybacks.

Looking ahead, Dell provided optimistic guidance for fiscal year 2027, projecting a 23% revenue growth at the midpoint of its range, which translates to an anticipated revenue of approximately $140 billion. The company expects diluted EPS to grow by 33%, reaching $11.52, while non-GAAP diluted EPS is projected to rise by 25% to $12.90.

In the fourth quarter alone, Dell reported record revenue of $33.4 billion, reflecting an impressive 39% increase year over year. The diluted EPS for the quarter was reported at $3.37, a 57% increase from the same period in the previous year, while non-GAAP diluted EPS reached $3.89, up 45%.

Dell's operational cash flow for the fourth quarter also saw significant growth, totaling $4.7 billion, a staggering 699% increase compared to the prior year. This strong cash generation underscores the company's effective operational strategy.

The ISG segment was a standout performer, generating a record $60.8 billion in revenue for the full year, up 40% year over year. Notable achievements included:

In contrast, the CSG segment reported full-year revenue of $51.0 billion, a modest 5% increase year over year. The fourth quarter saw revenue of $13.5 billion, up 14%, but the segment's operating income declined by 5% to $2.8 billion for the year, indicating competitive pressures in the consumer market.

Jeff Clarke, vice chairman and chief operating officer of Dell Technologies, emphasized the transformative impact of artificial intelligence on the company's trajectory. He highlighted the closure of over $64 billion in AI-optimized server orders, with a record backlog of $43 billion as evidence of Dell's leadership in engineering and differentiated AI solutions.

David Kennedy, chief financial officer, echoed this sentiment, pointing out that strong execution strategies have positioned Dell to exceed long-term growth targets in the upcoming fiscal year.

Dell Technologies' results for fiscal year 2026 reflect a company thriving amid a rapidly changing technological environment. With a robust performance across its segments, significant shareholder returns, and a promising outlook for fiscal year 2027, Dell is well-positioned to continue its growth trajectory in the coming years. The company's focus on AI and operational efficiency will likely be key to sustaining its competitive advantage in the technology sector.