NYSE$DELL

Dell Technologies Inc C · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Dell Technologies delivered record third quarter fiscal 2022 results, driven by robust demand and strong execution.

Dell Technologies reported a record third quarter with revenue of $28.4 billion, up 21%. Diluted earnings per share was $4.87, up 351%, and non-GAAP diluted earnings per share was $2.37, up 17%. The company saw growth in all business units, customer segments and geographies.

  • Dell Technologies achieved record third quarter revenue of $28.4 billion, a 21% increase year-over-year.
  • Diluted earnings per share was $4.87, up 351% year-over-year, and non-GAAP diluted earnings per share was $2.37, up 17%.
  • Client Solutions Group revenue increased by 35% to a record $16.5 billion.
  • Infrastructure Solutions Group revenue increased by 5% to $8.4 billion, marking the third consecutive quarter of year-over-year growth.

Headline financials

Total Revenue

$28.4B

Previous: $23.5B+20.9%
EPS (adj)

$2.37

Previous: $2.03+16.7%
Capital Expenditures

-$2.06B

Previous: -$1.58B-29.8%
Free Cash Flow

$1.79B

Previous: -$752M+337.6%
Net Income

$3.84B

Previous: $832M+361.9%
Operating Income

$1.35B

Previous: $1.13B+19.5%
Gross Profit

$8.06B

Previous: $7.26B+11.0%
Cash & Equivalents

$22.4B

Previous: $11.3B+98.2%
Total Assets

$136B

Previous: $119B+14.1%
Stock-Based Comp

$472M

Previous: $436M+8.3%

Revenue & EPS history

Dell · Revenue · Quarterly

$28.4B

Q3 2022+20.9%vs Q3 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Dell · $25B total across 4 segments · Q3 2022

  • Commercial Clients
    $12.3B+40.0%
  • Infrastructure Solutions Group
    $4.53B+8.9%
  • Consumer Clients
    $4.25B+21.4%
  • Storage
    $3.9B+0.9%

Forward guidance

The digital trends are tailwinds for our business, and along with our strategy and financial flexibility, lead us to be optimistic about our long-term growth prospects.

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 2022

Historical avgQ3 2022

+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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