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Dell Technologies (NYSE:
DELL) announces financial results for its fiscal 2025 third quarter. Revenue was $24.4 billion, up 10% year over year. Operating income was $1.7 billion and non-GAAP operating income was $2.2 billion, both up 12% year over year. Diluted earnings per share was $1.58, and non-GAAP diluted earnings per share was $2.15, up 16% and 14% year over year, respectively.
"We continued to build on our AI leadership and momentum, delivering combined ISG and CSG revenue of $23.5 billion, up 13% year over year," said Yvonne McGill, chief financial officer, Dell Technologies. "Our continued focus on profitability resulted in EPS growth that outpaced revenue growth, and we again delivered strong cash performance."
Cash flow from operations was $1.6 billion, and Dell ended the quarter with $6.6 billion in cash and investments.
Third Quarter Fiscal 2025 Financial Results
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| Three Months Ended |
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| Nine Months Ended |
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| November 1, 2024 |
| November 3, 2023 |
| Change |
| November 1, 2024 |
| November 3, 2023 |
| Change |
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Net revenue | $ 24,366 |
| $ 22,251 |
| 10 % |
| $ 71,636 |
| $ 66,107 |
| 8 % |
Operating income | $ 1,668 |
| $ 1,486 |
| 12 % |
| $ 3,930 |
| $ 3,720 |
| 6 % |
Net income | $ 1,127 |
| $ 1,004 |
| 12 % |
| $ 2,923 |
| $ 2,037 |
| 43 % |
| Change in cash from operating activities | $ 1,553 |
| $ 2,152 |
| (28) % |
| $ 3,936 |
| $ 7,143 |
| (45) % |
| Earnings per share - diluted | $ 1.58 |
| $ 1.36 |
| 16 % |
| $ 4.07 |
| $ 2.78 |
| 46 % |
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| Non-GAAP operating income | $ 2,199 |
| $ 1,964 |
| 12 % |
| $ 5,707 |
| $ 5,539 |
| 3 % |
| Non-GAAP net income | $ 1,540 |
| $ 1,389 |
| 11 % |
| $ 3,834 |
| $ 3,635 |
| 5 % |
| Adjusted free cash flow | $ 716 |
| $ 860 |
| (17) % |
| $ 2,623 |
| $ 4,597 |
| (43) % |
| Non-GAAP earnings per share - diluted | $ 2.15 |
| $ 1.88 |
| 14 % |
| $ 5.31 |
| $ 4.93 |
| 8 % |
