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Publication Date: 2025-11-26 08:16:00
Techzine once again presents a series of quarterly figures from prominent IT companies. This time it’s the turn of Dell and its competitor HP, NetApp, Zscaler, and Nutanix.
Dell Technologies performed better than expected on Tuesday. Earnings per share came in at $2.59, while analysts had predicted $2.47 according to FactSet. Revenue of $27 billion was just below the expected $27.15 billion.
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Dell’s outlook far exceeded expectations. The company expects revenue of between $31 billion and $32 billion for the current quarter. Analysts had predicted $27.6 billion. This strong outlook is due to higher expectations for AI servers. Dell therefore raised its revenue forecast for this segment from $20 billion to $25 billion for 2026.
“AI momentum is accelerating in the second half of the year,” said COO Jeff Clarke. “Dell is winning in AI because of our unique ability to engineer bespoke high-performance solutions, rapidly deploy large, complex clusters, and provide global support.” The stock rose more than 1 percent after hours, although it had previously shown a gain of nearly 5 percent.
HP announces mass layoffs
The news was less positive at HP. The PC and printer manufacturer announced it would lay off 4,000 to 6,000 people. That amounts to up to 10 percent of its workforce. The financial outlook was also disappointing.
For the entire 2026 fiscal year,…