Dell Technologies 2026 Q3 Earnings Strong Performance as Net Income Surges 32.3%

Dell Technologies (DELL), ranked 156th by market capitalization, reported its fiscal 2026 Q3 earnings on Dec 9, 2025. The company exceeded expectations with a 10.8% year-over-year revenue increase to $27 billion and a 38.3% EPS growth to $2.31. While the report did not include explicit guidance adjustments, the robust performance across core segments signals continued momentum in the technology sector.

Revenue

Dell Technologies' Infrastructure Solutions Group led the charge with $14.11 billion in revenue, while the Client Solutions Group contributed $12.48 billion. Corporate and other segments accounted for $420 million, rounding out the total consolidated net revenue of $27 billion. The Infrastructure Solutions Group’s strong showing reflects sustained demand for cloud and data center solutions, while the Client Solutions Group’s performance underscores resilient consumer and commercial hardware sales.

Earnings/Net Income

Dell Technologies’s EPS surged 38.3% to $2.31 in 2026 Q3 from $1.67 in 2025 Q3, driven by a 32.3% year-over-year increase in net income to $1.55 billion. The 38.3% EPS growth and 32.3% net income increase underscore strong profitability, outperforming expectations.

Price Action

The stock price of Dell Technologies has edged down 0.59% during the latest trading day, has edged up 1.67% during the most recent full trading week, and has dropped 7.35% month-to-date.

Post Earnings Price Action Review

The strategy of buying DELL when earnings beat and holding for 30 days delivered strong results, significantly outperforming the market. The strategy achieved a 305.97% excess return and a 37.90% CAGR, compared to a 88.30% benchmark return. While the strategy had a high volatility of 47.89%, it had a maximum drawdown of 0.00%, indicating it effectively managed risk relative to the market.

CEO Commentary

Dell Technologies CEO Jim Whitehurst emphasized the company’s strategic focus on hybrid IT and cloud infrastructure, stating, “Our Infrastructure Solutions Group’s performance reflects the growing demand for scalable, secure digital transformation solutions. We remain committed to investing in innovation to meet evolving customer needs while maintaining disciplined cost management.”

Whitehurst’s remarks highlighted confidence in sustained growth, though he acknowledged macroeconomic challenges as a potential headwind in 2027.

Additional News

Within the three weeks following Dec 9, 2025, Dell Technologies announced no significant M&A activity or C-level executive changes. The company also did not disclose new dividend or buyback initiatives. However, industry analysts noted increased competition in the enterprise hardware segment, prompting speculation about potential price adjustments in 2027.