NYSE$DELL

Dell Technologies Inc C · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Dell Technologies' Q3 2021 financial results were announced, driven by remote work and learn solutions.

Dell Technologies reported a 3% increase in revenue to $23.5 billion. The company's operating income increased by 35% to $1.1 billion, and non-GAAP operating income rose by 12% to $2.7 billion. Diluted earnings per share increased by 64% to $1.08, with non-GAAP diluted earnings per share up by 16% to $2.03.

  • Total revenue increased by 3% to $23.5 billion.
  • Client Solutions Group revenue reached a record $12.3 billion, up 8%.
  • Diluted earnings per share increased by 64% to $1.08, and non-GAAP diluted earnings per share increased by 16% to $2.03.
  • Operating income increased by 35% to $1.1 billion, while non-GAAP operating income increased by 12% to $2.7 billion.

Headline financials

Total Revenue

$23.5B

Previous: $22.8B+2.8%
EPS (adj)

$2.03

Previous: $1.75+16.0%
Capital Expenditures

-$1.58B

Previous: -$1.61B+1.7%
Free Cash Flow

-$752M

Previous: -$1.11B+32.4%
Net Income

$832M

Previous: $499M+66.7%
Operating Income

$1.13B

Previous: $836M+35.0%
Gross Profit

$7.26B

Previous: $7.13B+1.9%
Cash & Equivalents

$11.3B

Previous: $8.56B+32.1%
Total Assets

$119B

Previous: $117B+1.8%
Stock-Based Comp

$436M

Previous: $322M+35.4%

Revenue & EPS history

Dell · Revenue · Quarterly

$23.5B

Q3 2021+2.8%vs Q3 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Dell · $20.3B total across 4 segments · Q3 2021

  • Commercial Clients
    $8.78B+5.4%
  • Infrastructure Solutions Group
    $4.16B-1.8%
  • Storage
    $3.86B-7.0%
  • Consumer Clients
    $3.5B+13.7%

Forward guidance

No specific 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 Q3 2021

Historical avgQ3 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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