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Dell Technologies (NYSE:
DELL) announces financial results for its fiscal 2025 second quarter. Revenue was $25.0 billion, up 9% year over year. Operating income was $1.3 billion and non-GAAP operating income was $2.0 billion, up 15% and 3% year over year, respectively. Diluted earnings per share was $1.17, and non-GAAP diluted earnings per share was $1.89, up 86% and 9% year over year, respectively.
"In Q2 our combined ISG and CSG revenue was $24.1 billion, up 12% year over year, positioning us well for the second half of the year and beyond," said Yvonne McGill, chief financial officer, Dell Technologies. "Our momentum in ISG is a significant tailwind, with record ISG revenue of $11.6 billion, up 38% year over year."
Cash flow from operations was $1.3 billion. Dell returned $1 billion to shareholders through share repurchases and dividends and ended the quarter with $6.0 billion in cash and investments.
Second Quarter Fiscal 2025 Financial Results
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| August 2,
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| August 4,
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Net revenue | $ 25,026 |
| $ 22,934 |
| 9 % |
| $ 47,270 |
| $ 43,856 |
| 8 % |
Operating income | $ 1,342 |
| $ 1,165 |
| 15 % |
| $ 2,262 |
| $ 2,234 |
| 1 % |
Net income | $ 841 |
| $ 455 |
| 85 % |
| $ 1,796 |
| $ 1,033 |
| 74 % |
| Change in cash from operating activities | $ 1,340 |
| $ 3,214 |
| (58) % |
| $ 2,383 |
| $ 4,991 |
| (52) % |
| Earnings per share - diluted | $ 1.17 |
| $ 0.63 |
| 86 % |
| $ 2.49 |
| $ 1.42 |
| 75 % |
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| Non-GAAP operating income | $ 2,034 |
| $ 1,977 |
| 3 % |
| $ 3,508 |
| $ 3,575 |
| (2) % |
| Non-GAAP net income | $ 1,371 |
| $ 1,283 |
| 7 % |
| $ 2,294 |
| $ 2,246 |
| 2 % |
| Adjusted free cash flow | $ 1,284 |
| $ 3,050 |
| (58) % |
| $ 1,907 |
| $ 3,737 |
| (49) % |
| Non-GAAP earnings per share - diluted | $ 1.89 |
| $ 1.74 |
| 9 % |
| $ 3.16 |
| $ 3.05 |
| 4 % |
