| 指标 | Q1 FY2026 | Q4 FY2025 | Q/Q | Q1 FY2025 | Y/Y |
|---|---|---|---|---|---|
| 营收 Revenue | $23,378M | $23,931M | -2% | $22,244M | +5% |
| 毛利率 Gross Margin (GAAP) | 21.1% | 23.7% | -2.6 ppt | 21.6% | -0.5 ppt |
| 毛利率 Gross Margin (Non-GAAP) | 21.6% | 24.3% | -2.7 ppt | — | — |
| 研发费用 R&D | $808M | $773M | +5% | $763M | +6% |
| 销售及管理 SG&A | $2,964M | $2,746M | +8% | $3,123M | -5% |
| 折旧摊销 D&A | N/A | N/A | — | $800M | — |
| 股权激励 SBC | $190M | $186M | +2% | $210M | -10% |
| 营业利润 Operating Income (GAAP) | $1,165M | $2,159M | -46% | $920M | +27% |
| 利息费用 Interest Expense | $82M | $187M | -56% | $343M | -76% |
| 净利润 Net Income (GAAP) | $965M | $1,532M | -37% | $960M | +1% |
| 净利润 Net Income (Non-GAAP) | $1,086M | $1,911M | -43% | — | — |
| 指标 | Q1 FY2026 | Q4 FY2025 | Q/Q | Q1 FY2025 | Y/Y |
|---|---|---|---|---|---|
| 每股收益 EPS (GAAP) | $1.37 | $2.15 | -36% | $1.32 | +4% |
| 每股收益 EPS (Non-GAAP) | $1.55 | $2.68 | -42% | — | — |
| 稀释股数 Diluted Shares | 704M | 713M | -1% | 727M | -3% |
| 实际税率 Effective Tax Rate | 10.9% | 22.3% | -11.4 ppt | -74.6% | +85.5 ppt |
| 板块 | 收入 | 占比 | QoQ | YoY |
|---|---|---|---|---|
| ISG - Servers & Networking | $6,321M | 27.0% | -5% | +16% |
| ISG - Storage | $3,996M | 17.1% | -15% | +6% |
| CSG - Commercial | $11,046M | 47.2% | +11% | +9% |
| CSG - Consumer | $1,463M | 6.3% | -22% | -19% |
| Corporate and Other | $552M | 2.4% | -21% | — |
本季度数据
| 指标 | Q1 FY2026 | Q4 FY2025 | 变化 |
|---|---|---|---|
| 暂无动态指标配置 | |||
"所有核心业务在 Q1 均实现增长，收入达 $23.4B。Non-GAAP EPS 增速是收入增速的三倍。我们创下 Q1 历史新高的经营现金流 $2.8B，向股东返还 $2.4B，超过 FY23 启动资本分配计划以来季度平均水平的两倍。" — Yvonne McGill, Dell Technologies Inc.
暂无数据
| 指标 | 数值 | 备注 |
|---|---|---|
| AI 订单 | $12.1B | 当季 AI 订单额达 $12.1B，超过 FY25 全年 AI 出货总量，反映 AI 基础设施需求爆发式增长。 |
| AI 服务器积压订单 | $14.4B | AI 服务器积压订单 $14.4B，为未来收入提供强劲可见性。Jeff Clarke 称正在经历'前所未有的 AI 优化服务器需求'。 |
| 股东回报 | $2.4B（回购 $1,980M + 股息 $396M） | Q1 创纪录向股东返还 $2.4B，CFO 称超过 FY23 启动资本分配计划以来季度平均水平的两倍。 |