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HomeBusinessDell Shares Plunge 12 percent on Weak Q4 Revenue Guidance

Dell Shares Plunge 12 percent on Weak Q4 Revenue Guidance

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Dell Technologies (NYSE:DELL) saw its shares tumble over 12% in pre-market today after issuing fourth-quarter revenue guidance that fell short of Wall Street expectations, driven by declining demand for traditional PCs and intensifying competition.
For the third quarter, Dell reported adjusted earnings per share (EPS) of $2.15, exceeding the Street consensus estimate of $2.06. However, revenue came in at $24.4 billion, below analyst projections of $24.69 billion.
Performance in the company’s client solutions group, which includes PCs and laptops, weighed on results, with revenue declining 1% year-over-year to $12.1 billion. The infrastructure solutions group, however, provided a bright spot, with revenue surging 34% year-over-year, fueled by robust AI-related demand. Meanwhile, consumer revenue slumped 18% to $2 billion.
Looking ahead, Dell projected fourth-quarter revenue in the range of $24 billion to $25 billion, missing the average analyst estimate of $25.57 billion. The subdued outlook, coupled with weakness in key segments, spurred investor concerns, leading to the sharp decline in Dell’s stock price.

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