Dell's Q3 earnings topped expectations, but revenue fell short, sending stock down 10% post-report.

Dell Technologies reported mixed results for its third quarter, with earnings per share beating analyst expectations but revenue falling below forecasts. The company's stock rose 86% this year, partly due to growing investor interest in its AI server sales, which surged by 34% to $11.4 billion. However, Dell's PC sales declined by 1%, contributing to a revenue miss of $24.37 billion, below the expected $24.67 billion. The company's shares dropped over 10% in extended trading following the report.

November 26, 2024
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