NYSE$DELL

Dell Technologies Inc C · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Dell Technologies reported Q4 2021 earnings with a revenue increase of 9% and operating income increase of 204% year-over-year.

Dell Technologies reported a strong fourth quarter for fiscal year 2021, with revenue up 9% to $26.1 billion and operating income up 204% to $2.2 billion. The company's Client Solutions Group and Infrastructure Solutions Group contributed significantly to the overall performance. Dell Technologies also delivered on its fiscal 2021 core debt paydown target of $5.5 billion.

  • Record full-year revenue of $94.2 billion.
  • Record full-year operating income of $5.1 billion and record non-GAAP operating income of $10.8 billion.
  • Record cash flow from operations of $11.4 billion.
  • Record Client Solutions Group shipments, revenue and operating income.

Headline financials

Total Revenue

$26.1B

Previous: $24.1B+8.4%
EPS (adj)

$2.70

Previous: $2.00+35.0%
Capital Expenditures

$498M

Previous: $629M-20.8%
Free Cash Flow

$5.38B

Previous: $2.88B+86.8%
Net Income

$1.34B

Previous: $416M+222.8%
Operating Income

$2.18B

Previous: $717M+203.6%
Gross Profit

$8.15B

Previous: $7.68B+6.0%
Cash & Equivalents

$14.2B

Previous: $9.3B+52.7%
Total Assets

$123B

Previous: $119B+3.8%
Stock-Based Comp

$390M

Previous: $376M+3.7%

Revenue & EPS history

Dell · Revenue · Quarterly

$26.1B

Q4 2021+8.4%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Dell · $22.6B total across 4 segments · Q4 2021

  • Commercial Clients
    $9.94B+16.1%
  • Storage
    $4.41B-1.7%
  • Infrastructure Solutions Group
    $4.38B+2.6%
  • Consumer Clients
    $3.82B+19.2%

Forward guidance

The company is in an advantaged position to capitalize on the projected mid-single digits growth in IT spending in 2021.

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 Q4 2021

Historical avgQ4 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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