Dell Technologies announced its fiscal 2026 third-quarter financial results, reporting record revenue of $27 billion, a 11% year-over-year increase, and record profitability with $2.1 billion in operating income, up 23%. The company also generated strong cash flow and returned $1.6 billion to shareholders through dividends and share repurchases in the quarter, bringing the year-to-date total to $5.3 billion and over 39 million shares repurchased. David Kennedy, who had been serving as interim CFO, was named permanent chief financial officer. He highlighted the company’s strong performance, noting that fiscal 2026 will be another record year. Dell raised its full-year revenue guidance to $111.7 billion, up 17% year over year, and increased its AI shipment guidance to approximately $25 billion—more than a 150% increase compared to the prior year. Jeff Clarke, vice chairman and chief operating officer, emphasized accelerating AI momentum, citing record AI server orders of $12.3 billion in the quarter and $30 billion in orders year to date. Dell’s infrastructure solutions pipeline now exceeds $18.4 billion in backlog, with strong demand across neocloud, sovereign, and enterprise customers. The company attributes its success to its ability to deliver customized, high-performance AI solutions, rapid deployment of large-scale clusters, and global support. Infrastructure Solutions Group (ISG) delivered strong results with $14.1 billion in net revenue, up 24%, driven by a 37% increase in servers and networking revenue. ISG operating income reached $1.74 billion, up 16%, and represented 70% of total reportable segment operating income. Client Solutions Group (CSG) reported $12.5 billion in net revenue, up 3%, with commercial segment growth offsetting a 7% decline in consumer revenue. Non-GAAP metrics showed continued strength, with non-GAAP operating income of $2.5 billion, up 11%, and non-GAAP earnings per share of $2.59, up 17%. Adjusted free cash flow reached $1.67 billion, a 133% increase year over year, reflecting improved operational efficiency and strong working capital management. Dell also provided updated guidance for the fourth quarter and full fiscal year 2026, projecting non-GAAP earnings per share of $3.50 for the quarter and $9.92 for the year. The company remains focused on capitalizing on the AI boom, expanding its product portfolio, and maintaining disciplined execution. A conference call to discuss the results is scheduled for November 25 at 3:30 p.m. Central Time, with a live webcast available on Dell Technologies’ investor relations website. The company reiterated its long-term strategy to lead in the AI era through innovation, customer-centric solutions, and sustainable growth.