FMP

FMP

Enter

Dell Technologies (NYSE:DELL) shares dropped 21% intra-day today following the release of its Q1 results, which showed a 2.5% decrease in gross margins, driven

Dell Technologies Shares Plummet 21% on Gross Margin Contraction

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

Dell Technologies (NYSE:DELL) shares dropped 21% intra-day today following the release of its Q1 results, which showed a 2.5% decrease in gross margins, driven by a slowdown in demand for its AI servers.

The tech giant reported first-quarter revenue of $22.2 billion, a 6% increase from the same period last year and above the consensus estimate of $21.65 billion.

The company's Infrastructure Solutions Group (ISG) was a highlight, with revenue up 22% year-over-year to $9.2 billion, driven by a record 42% increase in servers and networking revenue, which reached $5.5 billion.

Conversely, the Client Solutions Group (CSG) saw flat year-over-year revenue at $12.0 billion, with a modest 3% rise in commercial client revenue.

Dell's adjusted earnings per share (EPS) for the quarter came in at $1.27, slightly exceeding the analyst estimate of $1.25, but representing a 3% decrease from the previous year.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep