NYSE$DELL

Dell Technologies Inc C · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Dell Technologies' financial results for Q2 2021 were announced, showing revenue of $22.7 billion and operating income increase of 119%.

Dell Technologies reported second quarter revenue of $22.7 billion. Operating income increased by 119% to $1.1 billion, and net income was $1.1 billion. Diluted earnings per share was $1.37, while non-GAAP diluted earnings per share was $1.92.

  • Second quarter revenue was $22.7 billion, non-GAAP revenue was $22.8 billion.
  • Operating income increased 119% to $1.1 billion, with non-GAAP operating income at $2.6 billion.
  • Net income was $1.1 billion, and non-GAAP net income was $1.6 billion.
  • Diluted earnings per share was $1.37, and non-GAAP diluted earnings per share was $1.92.

Headline financials

Total Revenue

$22.7B

Previous: $23.4B-2.7%
EPS (adj)

$1.92

Previous: $2.15-10.7%
Non-GAAP Operating Margin

11.0%

No prior period
Capital Expenditures

-$1.1B

Previous: -$1.08B-1.9%
Free Cash Flow

-$56M

Previous: $2.33B-102.4%
Net Income

$1.05B

Previous: $3.42B-69.3%
Operating Income

$1.14B

Previous: $519M+118.9%
Gross Profit

$7.16B

Previous: $7.33B-2.3%
Cash & Equivalents

$11.2B

Previous: $9.19B+22.1%
Total Assets

$121B

Previous: $116B+5.0%
Stock-Based Comp

$413M

Previous: $301M+37.2%

Revenue & EPS history

Dell · Revenue · Quarterly

$22.7B

Q2 2021-2.7%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Dell · $19.4B total across 4 segments · Q2 2021

  • Commercial Clients
    $8.04B-11.4%
  • Infrastructure Solutions Group
    $4.2B-5.4%
  • Storage
    $4.01B-4.1%
  • Consumer Clients
    $3.16B+18.5%

Forward guidance

No forward guidance was provided in the release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+1.0%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.3%

Avg return

30 days after

53%

21 / 40 earnings

Positive

+33.6%

Q4 2024

Best reaction

-22.1%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026+10.1%+21.1%+41.5%
Q3 2026+3.1%+4.9%+2.6%
Q2 2026-4.8%-7.5%-2.5%
Q1 2026-2.0%-0.8%+9.1%
Q4 2025-4.7%-9.8%-14.4%
Q3 2025-13.7%-11.5%-17.3%
Q2 2025+3.6%-0.7%+7.8%
Q1 2025-22.1%-24.2%-23.0%
Q4 2024+33.6%+26.3%+22.4%
Q3 2024-4.2%-7.7%+1.9%
Q2 2024+22.4%+22.3%+23.7%
Q1 2024+5.5%+4.6%+20.8%
Q4 2023-1.6%-6.0%-0.6%
Q3 2023+4.3%+6.2%-6.9%
Q2 2023-11.1%-14.9%-23.8%
Q1 2023+14.5%+15.3%+16.1%
Q4 2022-9.4%-12.2%-3.5%
Q3 2022+3.9%+1.9%+1.4%
Q2 2022-5.0%-4.5%+1.8%
Q1 2022-1.0%+3.2%-0.2%
Q4 2021-0.7%+1.2%+8.9%
Q3 2021-0.1%+0.6%+5.2%
Q2 2021+6.6%+6.8%+5.8%
Q1 2021+9.0%+7.9%+14.7%
Q4 2020-11.9%-9.0%-15.6%
Q3 2020-8.6%-11.9%-5.5%
Q2 2020+13.7%+12.7%+12.5%
Q1 2020-10.0%-12.9%-23.3%
Q4 2019+0.7%-2.0%+4.3%
Q3 2019-1.1%-2.0%-23.0%
Q2 2019+0.6%+1.1%+1.3%
Q1 2019+2.1%+4.1%+11.8%
Q4 2018+1.5%+0.1%-7.8%
Q3 2018+2.9%+5.6%+13.8%
Q2 2018-0.6%+2.1%+5.8%
Q1 2018-7.8%-7.4%-9.3%
Q4 2016+0.3%+0.4%+5.0%
Q3 2016+0.1%-0.2%+5.4%
Q2 2017+11.7%+14.2%+12.6%
Q2 2015+11.7%+14.2%+12.6%
Q1 2015
Q1 2017
Q2 2014
Q1 2013
Q4 2012
Q3 2012
Q2 2012

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