Dell Q4 Sales Seen Rising 32.5% After $27B Q3 Revenue Beat
Dell posted Q3 revenue of $27.01 billion, up 10.8% year-on-year, and analysts reconfirm consensus estimates ahead of Thursday’s Q4 report. The market forecasts Q4 sales to jump 32.5% YoY, while hardware peers Super Micro and Diebold Nixdorf saw revenue gains of 123% and 11.7% respectively.
1. Past Quarter Performance
In Q3, Dell generated $27.01 billion in revenue, marking a 10.8% year-on-year increase. The company exceeded EPS guidance and revenue projections for the quarter, setting a positive baseline heading into Q4.
2. Q4 Expectations
For the upcoming quarter, analysts anticipate a 32.5% year-on-year revenue increase, a marked acceleration from last year’s 7.2% growth. Consensus estimates have remained steady over the past 30 days, indicating confidence in Dell’s trajectory.
3. Peer Comparisons
Super Micro reported 123% YoY revenue growth and beat forecasts by 21.5%, while Diebold Nixdorf’s revenues rose 11.7%, in line with expectations. These results have provided a benchmark for Dell’s own performance outlook.
4. Sector Trends and Price Targets
The hardware & infrastructure segment has underperformed, with average shares down 8.3% over the past month versus Dell’s 1.7% gain. Dell’s average analyst price target stands at $157.78 compared to its current share price of $117.88.