Dell Technologies said net revenue for the 3 months ended May 2, 2025 was $23,378 million, up 5% year over year, and operating income was $1,165 million, up 21%. Net income was $965 million, down 3%.

1. 01

   Dell Technologies said net revenue for the 3 months ended May 2, 2025 was $23,378 million, up 5% year over year, and operating income was $1,165 million, up 21%. Net income was $965 million, down 3%.

2. 02

   The company said ISG net revenue was $10,317 million, up 12%, and ISG operating income was $998 million, up 36%. CSG net revenue was $12,509 million, up 5%, and CSG operating income was $653 million, down 16%.

3. 03

   Dell Technologies said AI orders in the quarter were $12.1 billion, surpassing all of FY25 shipments, and backlog was $14.4 billion. Servers and networking revenue was a record $6.3 billion as of Q1, up 16%.

4. 04

   The company said cash flow from operations for Q1 was $2,796 million and adjusted free cash flow was $2,232 million. It returned $2.4 billion to shareholders through share repurchases and dividends.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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