Dell Technologies Inc. (NYSE:DELL) shares are trading higher after the company reported better-than-expected second-quarter financial results yesterday.
Dell reported revenue of $25.03 billion, beating the consensus estimate of $24.14 billion, and adjusted earnings of $1.89 per share, beating analyst estimates of $1.71 per share, according to Benzinga Pro.
In the conference call, the company stated that it expects solid top-line growth in the second half of the year.
Dell expects adjusted EPS of $1.90 – $2.10 (vs. consensus of $2.20) for the third quarter and $7.55 – $8.05 (vs. street view of $7.70) for FY25.
Goldman Sachs analyst Michael Ng reiterated a Buy rating with a target price of $155 (vs. $160 prior) and raised its already above-consensus FY25/26/27 EPS by 3% on average.
The analyst notes that DELL’s improving AI server ...
