Dell's Revenue Forecast Reflects Delayed AI Boost and Long-Term Growth Plans
TL;DR Summary
Dell Technologies reiterated its long-term revenue growth forecast of 3% to 4%, disappointing investors who expected a bigger sales jump driven by AI. The company also forecasted adjusted earnings per share growth of 8% or more and announced a $5 billion stock buyback plan. The revenue outlook suggests that the boost from generative AI may take longer to materialize. Dell's shares have rallied nearly 20% since a strong earnings report in August.
- Dell's revenue forecast signals AI boost will take longer to materialize Reuters
- Dell to add $5 billion to its share buybacks, aims to grow quarterly dividend by 10% or more annually through 2028 MarketWatch
- Dell's revenue forecast signals AI boost will take longer to materialise CNA
- Dell forecasts 3-4% compounded annual revenue growth over long term RTE.ie
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