Dell Technologies Inc. (DELL) Announced Q4 2026 Earnings on February 26, 2026, Reporting "Q4 revenue was $33.4 billion"

Dell Technologies Inc. reported its fiscal year 2026 fourth quarter results, stating that Q4 revenue was $33.4 billion, up 39 percent, and earnings per share was $3.89, up 45 percent. For the full year, the company reported that revenue reached $113.5 billion, up 19 percent, and EPS grew 27 percent to $10.30. Management also noted that they delivered cash flow from operations of $4.7 billion for the quarter. Gross margin dollars increased 18 percent to $6.8 billion, with the gross margin rate at 20.5 percent for the quarter.

During the call, executives highlighted significant acceleration in their artificial intelligence business. The company reported that in Q4, they booked $34.1 billion in AI orders and shipped $9.5 billion in shipments in the quarter. They noted exiting the year with a "record $43 billion in AI backlog". The Infrastructure Solutions Group saw record revenue of $19.6 billion, up 73 percent for the quarter. To navigate the dynamic component environment, management emphasized their strategic advantages, stating their direct model, world-class supply chain and long-standing supplier relationships are differentiators during periods of disruption.

Regarding product updates, the storage division posted revenue of $4.8 billion, with PowerStore posting its seventh consecutive quarter of double-digit growth. Management also announced that Lightning, their parallel file solution, remains on track for general availability in the first half of the year. For fiscal year 2027 guidance, the company expects full year revenue of $138 billion to $142 billion. They anticipate $50 billion in AI revenue for the year, noting this reflects the composition of their existing backlog, customer readiness, and delivery schedules.