The Dell Technology stock has been bullish for the year, but what’s next after its Q2 earnings call. Here are the full summary highlights:
“Dell Technologies (NYSE: DELL) announces record financial results for its fiscal 2022 second quarter. Revenue was up 15% to $26.1 billion. The company generated an operating income of $1.4 billion, a 21% increase over the same period in the prior year, and a second-quarter record non-GAAP operating income of $2.8 billion, up 7%. Net income was $0.9 billion, non-GAAP net income was $1.9 billion and adjusted EBITDA was $3.3 billion. Net cash from operating activities was $1.7 billion. Diluted earnings per share was $1.05, down 23% and non-GAAP diluted earnings per share was $2.24, up 17%.
Since reporting the earnings, Dell share price was down -8% from $102 to $94.
The Dell share price is up 1.5% today ($96 Range) and trending upward direction.