| 指标 | Q2 FY2026 | Q1 FY2026 | Q/Q | Q2 FY2025 | Y/Y |
|---|---|---|---|---|---|
| 营收 Revenue | $29,776M | $23,378M | +27% | $25,026M | +19% |
| 毛利率 Gross Margin (GAAP) | 18.3% | 21.1% | -2.8 ppt | 21.2% | -2.9 ppt |
| 毛利率 Gross Margin (Non-GAAP) | 18.7% | — | — | — | — |
| 研发费用 R&D | $785M | $808M | -3% | $780M | +1% |
| 销售及管理 SG&A | $2,889M | $2,964M | -3% | $3,189M | -9% |
| 折旧摊销 D&A | N/A | $738M | — | $784M | — |
| 股权激励 SBC | $179M | $190M | -6% | $191M | -6% |
| 营业利润 Operating Income (GAAP) | $1,773M | $1,165M | +52% | $1,342M | +32% |
| 利息费用 Interest Expense | $333M | $354M | -6% | $387M | -14% |
| 净利润 Net Income (GAAP) | $1,164M | $965M | +21% | $841M | +38% |
| 净利润 Net Income (Non-GAAP) | $1,591M | — | — | — | — |
| 指标 | Q2 FY2026 | Q1 FY2026 | Q/Q | Q2 FY2025 | Y/Y |
|---|---|---|---|---|---|
| 每股收益 EPS (GAAP) | $1.70 | $1.37 | +24% | $1.17 | +45% |
| 每股收益 EPS (Non-GAAP) | $2.32 | — | — | — | — |
| 稀释股数 Diluted Shares | 685M | 702M | -2% | 724M | -5% |
| 实际税率 Effective Tax Rate | 19.2% | 10.9% | +8.3 ppt | 15.0% | +4.2 ppt |
| 板块 | 收入 | 占比 | QoQ | YoY |
|---|---|---|---|---|
| ISG - Servers & Networking | $12,944M | 43.5% | +105% | +69% |
| ISG - Storage | $3,856M | 13.0% | -4% | -3% |
| CSG - Commercial | $10,781M | 36.2% | -2% | +2% |
| CSG - Consumer | $1,722M | 5.8% | +18% | -7% |
| Corporate and Other | $473M | 1.6% | — | — |
本季度数据
| 指标 | Q2 FY2026 | Q1 FY2026 | 变化 |
|---|---|---|---|
| 暂无动态指标配置 | |||
"Q2 我们实现了强劲的营收和盈利能力，达到创纪录的 $29.8B 收入。我们再次实现了稳健的现金创造能力，经营现金流达 $2.5B，股东回报 $1.3B。" — Yvonne McGill, Dell Technologies Inc.
暂无数据
| 指标 | 数值 | 备注 |
|---|---|---|
| AI 解决方案出货 | FY26 上半年 $10B | FY26 上半年 AI 解决方案出货 $10B，已超过 FY25 全年 AI 出货总额，反映 AI 基础设施需求爆发式增长。 |
| AI 服务器出货指引上调 | FY26 $20B | Jeff Clarke 宣布将 FY26 AI 服务器出货指引上调至 $20B，此前为更低水平，反映 AI 解决方案需求持续超预期。 |
| 股东回报 | $1.3B（回购 $940M + 股息 $366M） | Q2 向股东返还 $1.3B，包括 $940M 股票回购和 $366M 股息。 |