Dell Technologies Inc. reported a significant increase in financial performance for the third quarter and first nine months of Fiscal 2026, with total net revenue reaching $27.0 billion for the quarter, an 11% increase from $24.4 billion in the same period last year. For the nine months ending October 31, 2025, net revenue rose to $80.2 billion, up 12% from $71.6 billion. The company's net income for the third quarter was $1.5 billion, a 32% increase compared to $1.2 billion in the prior year, while net income for the nine months was $3.7 billion, up 21% from $3.0 billion.
The growth in revenue was primarily driven by the Infrastructure Solutions Group (ISG), which saw a 24% increase in net revenue to $14.1 billion for the third quarter, largely due to strong demand for AI-optimized server offerings. The Client Solutions Group (CSG) also contributed to revenue growth, with a 3% increase to $12.5 billion, supported by commercial offerings despite a decline in consumer sales. However, revenue from Corporate and other segments decreased, reflecting the company's exit from the VMware Resale business.
In terms of operational metrics, Dell's cash and cash equivalents surged to $9.6 billion as of October 31, 2025, compared to $3.6 billion at the beginning of the fiscal year. The company also reported a significant increase in financing receivables, which rose to $13.2 billion, reflecting the growing demand for its financing solutions. The total debt increased to $31.5 billion, primarily due to the issuance of new Senior Notes, while the company maintained a strong liquidity position with available borrowings under its revolving credit facility totaling approximately $5.9 billion.
Looking ahead, Dell Technologies anticipates continued revenue growth in both ISG and CSG segments, particularly driven by the ongoing demand for AI-optimized solutions and the PC refresh cycle. The company expects to manage margin pressures resulting from a shift in product mix and competitive pricing dynamics. Dell is also focused on maintaining disciplined cost management and strategic investments to support long-term growth, while navigating potential challenges in the macroeconomic environment, including inflation and supply chain constraints.
About Dell Technologies Inc.
Dell Technologies is a global leader in providing innovative IT solutions, including client devices, infrastructure, cloud, AI, and security services. Its core segments—Infrastructure Solutions Group and Client Solutions Group—serve enterprise, government, and consumer markets worldwide. The company offers integrated hardware, software, and services through direct and channel sales, emphasizing flexibility, security, and digital transformation to drive human progress and long-term growth.
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