Dell Technologies Inc. (DELL) Q2 2025 Earnings Call Transcript

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Dell Technologies Inc. (NYSE:DELL) Q2 2025 Earnings Conference Call August 29, 2024 4:30 PM ET Company Participants Rob Williams – Head, IR Jeff Clarke – Vice Chairman and COO Yvonne McGill – CFO Tyler Johnson – Senior VP and Treasurer Conference Call Participants Amit Daryanani – Evercore Ben Reitzes – Melius Research Erik Woodring – Morgan Stanley Toni Sacconaghi – Bernstein Asiya Merchant – Citi Samik Chatterjee – JPMorgan Michael Ng – Goldman Sachs Wamsi Mohan – Bank of America Aaron Rakers – Wells Fargo David Vogt – UBS Simon Leopold – Raymond James Steven Fox – Fox Advisors Operator Good afternoon, and welcome to the Fiscal Year 2025 Second Quarter Financial Results Conference Call for Dell Technologies, Inc. I’d like to inform all participants this call is being recorded at the request of Dell Technologies. This broadcast is the copyrighted property of Dell Technologies, Inc. Any rebroadcasting of this […]

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Dell Technologies Inc. (DELL) Q2 2025 Earnings Call Transcript Summary

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The following is a summary of the Dell Technologies Inc. (DELL) Q2 2025 Earnings Call Transcript: Financial Performance: Dell reported Q2 2025 revenue of $25 billion, up 9% year-over-year, with diluted EPS of $1.89, also up 9%. Gross margin was reported at $5.5 billion, or 21.8% of total revenue, facing a decrease due to a rise in AI optimized server mix and increased competition. Operating income increased by 3% to $2 billion or 8.1% of revenue, benefiting from higher revenues and reduced operating expenses, partially offset by a lower gross margin rate. Net income rose by 7% to $1.37 billion. Business Progress: Dell’s AI server orders and shipments increased, emphasizing accelerated AI momentum, with a total backlog of $3.8 billion at the end of the quarter. The company expanded its engineering capabilities, including data center networking design, to support ongoing AI developments. Dell highlighted the optimization of sales coverage to

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Nvidia Analysts Say Pullback Is Buying Opportunity: ‘Pushing AI Envelope Too Significant To Slow Down’

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Nvidia Corp. (NASDAQ:NVDA) outperformed expectations, with impressive second-quarter earnings that beat forecasts. The AI computing giant credited its soaring revenue to robust data center performance, although its gross margin showed a slight contraction from the previous quarter. Nvidia also issued an above-consensus revenue forecast for the third quarter and announced a massive $50-billion stock repurchase authorization. Despite these strong results, Nvidia’s shares fell 3.6% in after-hours trading. Here’s how top Wall Street analysts are reacting to Nvidia’s latest performance: Read Also: Nvidia Slumps Nearly 5% In Premarket, Dragging Down Super Micro, Micron And Other Peers: What’s Going On? JPMorgan: Analyst Harlan Sur rates Nvidia stock as Overweight with a price target of $155, up from $115. “We expect solid demand in PC gaming to be a strong revenue driver for the company,” Sur wrote. He remains positive about Nvidia’s growth prospects in data centers and automotive segments, expecting continued strength

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Nvidia’s Rising Purchase Commitments, Supply Obligations Indicate Future Growth, UBS Says

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Nvidia’s (NVDA) purchase commitments and supply obligations showed significant growth for the first time in several quarters during fiscal Q2, UBS said in a note Thursday. Analysts, including Timothy Arcuri, said one of the key positive takeaways is the roughly $10 billion increase in the company’s total supply. This includes $6.7 billion in inventory and $27.8 billion in purchase commitments. This represents a 40% increase from the previous quarter, reversing a trend of slower growth. Compared to Nvidia’s revenue guidance, the ratio of supply to revenue has increased significantly. This ratio has historically been a good predictor of future revenue growth. “Nvidia traded down in immediate post-market trading related in part to somewhat frothy expectations around where guidance would land and what we long considered be unrealistic expectations the company had set three months ago around the timing for Blackwell volume shipments and how much revenue it would see this

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Nvidia Growth Expected to Continue But With Little Room for Error

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Nvidia continues to deliver strong growth, and while this looks set to continue there remains little margin for error, Quilter Cheviot analyst Ben Barringer writes in a note. “Nvidia has grown to a point where there is little room for error and any sign of slowing or normalization of growth will have an outsized effect on the share price,” Barringer says. However, demand for AI remains strong, with the company noting its potential for growth in every sector, he adds, adding that Nvidia remains well placed for future growth. Shares closed down 2.1% on Wednesday at $125.61.

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Microsoft-Backed OpenAI in Talks for Funding Round That Could Value ChatGPT Maker at Over $100 Billion

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Microsoft (MSFT)-backed OpenAI is in talks with venture capitalists to raise billions of dollars in a new funding round that could value the company at more than $100 billion, The Wall Street Journal reported Wednesday, citing unnamed people familiar with the matter. Joshua Kushner’s Thrive Capital is leading the investment round with about $1 billion and will be the biggest funding round since Microsoft invested $10 billion in the ChatGPT maker in early 2023, the news outlet reported.

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Salesforce Stock Advances After Outlook Raise, Strong Quarterly Sales

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Salesforce shares erased trading day losses after the company raised full-year earnings guidance and logged strong second-quarter results. The stock rose 3.3% to $267.49 in after hours trading. Shares fell 2% during the day’s trading session. The business software provider said after the bell that revenue in the quarter ended July 31 jumped 8% to $9.33 billion, beating analyst projections for $9.22 billion, according to FactSet. Subscription and support revenue, which makes up most of the company’s business, rose 9% to $8.76 billion. Salesforce is maintaining its revenue outlook for the year, but lifted its adjusted earnings target to $10.03 to $10.11 a share from a prior range of $9.86 to $9.94 a share. Chief Financial Officer Amy Weaver said operating margins closed the second quarter at record highs. Separately on Wednesday, Salesforce said Weaver has decided to resign. She will vacate the C-suite once her successor is found and

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Salesforce, Inc. (CRM) Q2 2025 Earnings Call Transcript Summary

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The following is a summary of the Salesforce, Inc. (CRM) Q2 2025 Earnings Call Transcript: Financial Performance: Salesforce reported Q2 revenue of $9.33 billion, an 8% increase year-over-year in nominal and 9% in constant currency. Subscription and support revenue grew 9% year-over-year in nominal and 10% in constant currency. Non-GAAP operating margin reached 33.7%, a 210 basis point increase year-over-year. Operating cash flow for the quarter was $892 million, up 10% year-over-year. Business Progress: Salesforce introduced Agentforce, a new AI-driven platform set to enhance enterprise software automation and customer interaction. Data Cloud, Salesforce’s fastest growing product, continues to gain traction with a 130% year-over-year increase in paid customers and significant consumption growth. The company is prioritizing AI integration across its platforms, reflecting substantial innovation and improvements in functionality and efficiency. On the international front, strong growth was noted in Japan, India, and Canada. Opportunities: With the introduction of Agentforce, Salesforce

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Salesforce, Inc. (CRM) Q2 2025 Earnings Call Transcript

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Salesforce, Inc. (NYSE:CRM) Q2 2025 Earnings Conference Call August 28, 2024 5:00 PM ET Company Participants Mike Spencer – EVP, Finance and Strategy, IR Marc Benioff – Chair and CEO Amy Weaver – President and CFO Brian Millham – President and COO Sabastian Niles – General Counsel Conference Call Participants Keith Weiss – Morgan Stanley Kash Rangan – Goldman Sachs Kirk Materne – Evercore ISI Brent Bill – Jefferies Operator Welcome to Salesforce’s Fiscal 2025 Second Quarter Results Conference Call. [Operator Instructions] I would now like to hand the conference over to your speaker, Mike Spencer, Executive Vice President of Finance and Strategy and Investor Relations. Sir, you may begin. Mike Spencer Good afternoon. Thanks for joining us today on our fiscal 2025 second quarter results conference call. Our press release, SEC filings and a replay of today’s call can be found on our website. Joining me on the call

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What Is Alphabet Worth Without Google Search? This Analyst Has an Estimate.

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What would Alphabet be worth if it were broken up into parts? According to TD Cowen, significantly more money than it is worth now. On Monday, analyst John Blackledge valued each of Alphabet’s businesses as if they were separated from the company. “Ongoing legal action opens up Alphabet to a wide range of potential longer-term remedies, including separation of one or more of its businesses,” he wrote. “As a result, we expect investors to increasingly focus on biz segment valuations.” Early in August, Alphabet lost its antitrust case against the U.S. government. Judge Amit P. Mehta of the U.S. District Court for the District of Columbia ruled that Google’s search engine is a monopoly and engaged in anticompetitive behaviors to “maintain its monopoly.” Bloomberg and the New York Times also reported later that the Justice Department is considering asking the judge to break up Google. In total, the aggregate value

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Boeing Has Recorded $1.5 Billion of Starliner Forward Losses, Says Jefferies

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NASA’s decision to bring Starliner astronauts Butch Wilmore and Suni Williams home on a SpaceX spacecraft represents ‘another hit’ for Boeing, says Jefferies As the saga of Boeing Co.’s Starliner spacecraft continues, the aerospace company has recorded more than $1 billion in forward losses, according to analyst firm Jefferies. The latest twist in the Starliner saga came Saturday when NASA said that astronauts Butch Wilmore and Suni Williams will return to Earth on a SpaceX capsule, after the Starliner spacecraft that took them to the International Space Station was bes

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