Consumer
Dell Q3 Earnings Preview: Riding the AI wave
I/O FundNOV 26, 20245 Min Read
Dell will release its Q3 FY25 results on Nov 26. Analysts expect revenue to accelerate from 9.1% in Q2 to 11.1% in Q3 and adjusted EPS to grow 9% to $2.05. The recent strong Nvidia results are a positive read-through for Dell in the coming quarters. Nvidia’s management suggested strong Blackwell and AI demand. Blackwell production shipments are scheduled for Q4 and are expected to ramp up in 2025. According to the recent UBS survey, Dell’s storage demand has been up year over year and stronger than that of its competitors. Dell’s all-flash storage demand was rated as strong by 71% of respondents compared to 53% for NetApp, 32% for HPE, and 20% for Pure Storage.
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