The Investor
28 Feb 2026, 14:51
Dell Technologies Inc. reported record fourth-quarter and full-year fiscal 2026 results, driven by strong AI-related demand.
For the full year ended January 30, 2026, revenue reached a record $113.5 billion, up 19% year over year. Diluted EPS was a record $8.68, up 36%, while non-GAAP diluted EPS rose 27% to $10.30. Cash flow from operations totaled a record $11.2 billion. The company also announced a 20% increase in its cash dividend and a $10 billion increase to its share repurchase authorization.
Fourth-quarter revenue rose 39% year over year to a record $33.4 billion. Diluted EPS increased 57% to $3.37, and non-GAAP diluted EPS grew 45% to $3.89. Quarterly cash flow from operations was a record $4.7 billion.
Management highlighted AI-optimized server momentum, citing more than $64 billion in AI server orders closed during FY26, over $25 billion shipped, and a record $43 billion backlog entering FY27. For fiscal 2027, Dell expects full-year revenue growth of 23% at the midpoint, with diluted EPS growth of 33% and non-GAAP diluted EPS growth of 25% at the midpoint.
Source: Dell Technologies, Business Wire, February 26, 2026.
For the full year ended January 30, 2026, revenue reached a record $113.5 billion, up 19% year over year. Diluted EPS was a record $8.68, up 36%, while non-GAAP diluted EPS rose 27% to $10.30. Cash flow from operations totaled a record $11.2 billion. The company also announced a 20% increase in its cash dividend and a $10 billion increase to its share repurchase authorization.
Fourth-quarter revenue rose 39% year over year to a record $33.4 billion. Diluted EPS increased 57% to $3.37, and non-GAAP diluted EPS grew 45% to $3.89. Quarterly cash flow from operations was a record $4.7 billion.
Management highlighted AI-optimized server momentum, citing more than $64 billion in AI server orders closed during FY26, over $25 billion shipped, and a record $43 billion backlog entering FY27. For fiscal 2027, Dell expects full-year revenue growth of 23% at the midpoint, with diluted EPS growth of 33% and non-GAAP diluted EPS growth of 25% at the midpoint.
Source: Dell Technologies, Business Wire, February 26, 2026.
