Dell Technologies Inc. (DELL) Q3 2025 Earnings Call Transcript Summary
Dell Technologies Inc. (DELL) Q3 2025 Earnings Call Transcript Summary
Gross margin was reported at 22.3% of revenue, though there was a decline of 140 basis points due to a shift towards AI optimized servers and competitive pricing in CSG.The following is a summary of the Dell Technologies Inc. (DELL) Q3 2025 Earnings Call Transcript:
以下是戴爾科技公司（DELL）2025年第三季度業績會的摘要：
Financial Performance:
財務表現：
Dell Technologies reported a 10% increase in Q3 revenue to $24.4 billion, driven by strong growth in ISG revenue.
Diluted EPS increased by 14% to $2.15, reflecting improved operating income.
Gross margin was reported at 22.3% of revenue, though there was a decline of 140 basis points due to a shift towards AI optimized servers and competitive pricing in CSG.
Operating income grew by 12% to $2.2 billion, with operating expenses decreasing by 2% to $3.2 billion.
戴爾科技的第三季度營業收入增長了10%，達244億，主要得益於ISG營業收入的強勁增長。
攤薄後每股收益增長了14%，達到2.15美元，反映出營業收入的改善。
毛利率報告爲22.3%的營業收入，儘管由於向人工智能優化服務器的轉變和CSG的競爭定價，下降了140個點子。
營業收入增長了12%，達到22億，營業費用下降了2%，降至32億。
Business Progress:
業務進展：
Dell continues to see robust demand in AI servers, with a substantial order demand of $3.6 billion, up 11% sequentially, primarily from Tier 2 cloud service providers and consistent growth from enterprise customers.
The company introduced several new products including the 21-inch ORv3 Integrated Rack 7000 and enterprise-ready GB200 NVL72 server racks.
Dell is expanding its AI capabilities, including a new AI server supporting up to 144 GPUs per rack and enhanced power management and cooling solutions.
戴爾繼續在人工智能服務器需求方面保持強勁，出現了36億的大訂單需求，環比增長11%，主要來自Tier 2雲服務提供商和企業客戶的持續增長。
公司推出了幾款新產品，包括21英寸的ORv3集成機架7000和適用於企業的GB200 NVL72服務器機架。
戴爾正在擴展其人工智能能力，包括支持每個機架最多144個GPU的新人工智能服務器，以及增強的電源管理和冷卻解決方案。
Opportunities:
機會：
Dell's ISG business is poised for growth with strong demand in both AI and traditional servers.
The impending PC refresh cycle, driven by an aging install base and the upcoming end-of-life of Windows 10, is expected to boost CSG growth.
戴爾的ISG業務在人工智能和傳統服務器方面都面臨強勁需求，預計將實現增長。
即將到來的PC更新週期，由於安裝基礎設施老化以及Windows 10即將到期，預計將推動CSG增長。
Risks:
風險：
AI server revenue growth may be inconsistent as customers navigate changing silicon roadmaps and as AI server shipments depend on component availability, particularly the new Blackwell platform.
人工智能服務器的營業收入增長可能不穩定，因爲客戶需要應對不斷變化的硅產品路線圖，並且人工智能服務器的出貨量依賴於部件的可用性，特別是新的Blackwell平台。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
