According to Dell Technology's first quarter results report ended May 2 this year, the group's turnover increased by 5% year-on-year to US$23.38 billion. The group's adjusted earnings per share was $1.55, an increase of 17% from $1.32 a year ago. But the average analyst forecast collected by market analysis company LSEG is $23.14 billion in turnover and $1.69 per share, so its earnings per share are considered to be ineligible.
So far, Dell Technology has confirmed orders for artificial intelligence systems, which have reached US$14.4 billion. The group will ship goods and fulfill these orders in the next few quarters. The value of confirmed AI orders as of the first quarter was $12.1 billion. In other words, confirmed orders increased by $4.3 billion. When Dell Technology delivers the system to customers, that is, after fulfilling the order commitment, these numbers will be converted into turnover.
(NYSE: DELL) Major index futures in the Wall Street stock market in the United States fell slightly on Friday (May 30). At the time of 7:00, the Standard & Poole 500 futures fell slightly by 5.90 points or 0.10%, to 5906.30 points; the Nasdaq 100 futures, mainly tech stocks, fell 24.00 points or 0.11%, to 21,339.90 points; the heavyweight Dow Jones Index futures also fell 26.20 points to 42,189.50 points. U.S. stocks closed higher overnight (Thursday) after chip giant Nvidia boosted better quarterly results. Market investors also digested the overnight federal appeals court, suspending the International Trade Court's ruling two days ago to block U.S. President Trump from imposing tariffs. The Standard & Poor 500 index rose 23.62 points overnight to close at 5912.17 points. The Dow Jones Index rose 117.03 points and closed at 42215.73 points. The Nasdaq 100 index also rose 0.21% or 45.78 points, closing at 21,363.95 points. The U.S. stock market was active overnight, with the total trading volume on the exchange being 18.65 billion shares, which is more than the average trading volume of 17.7 billion shares in the past 20 days.Nevertheless, overnight investors seem to pay more attention to its current fiscal quarter performance. Dell Tech executives expect current second-quarter turnover to be between $28.5 billion and $29.5 billion, with adjusted earnings per share of $2.25. These figures have made investors' eyes shine.
Dell Tech executives attributed strong performance forecasts to the $7 billion artificial intelligence systems successfully shipped in the current fiscal quarter, and those systems had higher profit rates than Dell Tech's other systems.
However, they expect the group's annual turnover will remain at the level of US$103 billion. This forecast is roughly the same as what LSEG analysts predict. But the company's full-year adjusted earnings per share forecast was raised to $9.40, which is $0.10 higher than the previous forecast.
Dell Technology spent a total of US$2.4 billion on its own shares and paid dividends in the first quarter. (Reuters) Friday (May 30) Focus: Pre-market trading focus: Dell Technologies Inc Trump will hold a press conference and farewell party with Tesla CEO Elon Musk at the White House later tonight to "show off" the richest man in the world. Today, Musk will be the day to step down from his official position to reduce the size and function of the U.S. government. In other words, Musk will soon be able to concentrate on Tesla's business. This farewell party also ruled out any rumors that the two of them would "break up in disagreement". Tesla's stock price rose 2.45% before trading tonight, and was reported at $365.64. Tiger Brokers' parent company UP Fintech Holding Limited just announced its first-quarter results to the end of March this year. Its quarterly turnover and earnings hit record highs, with its managed client assets soaring to $45.9 billion. UP Fintech shares rose 4.39% before trading tonight, at $8.80. Quantum stocks continued to fall before trading tonight. At the time of press time, Rigetti Computing's share price fell 8.26%; IONQ's share price also fell 7.78%; D-Wave's share price fell 3.87%; Arqit Quantum fell 3.99%; SealSQ fell 5.45%; Quantum Computing also fell 4.10%. Friday, below, let's take a look at the latest quarterly results of computer maker Dell Technologies Inc. The stock rose 1.03% before trading tonight, and was reported at $114.80. Pre-market active stocks are in sequence: Nvidia, Tesla, Gap Inc, Plug Power and Palantir Technologies. At the time of press time, the stock prices of these five active stocks rose and fell mixed.When computer maker Dell Technology Group announced its quarterly results after overnight trading, it not only made strong performance forecasts for the current fiscal quarter, but also raised its forecast for full-year profits, directly driving Dell Technology's stock price to reverse its original downward trend after overnight trading, and finally rose by nearly 2%.
Dell Technology is one of the main suppliers of chip giant Nvidia. Its business is mainly based on systems built by Nvidia's artificial intelligence graphics processors. Dell Tech executives say the market demand for the company's artificial intelligence systems is "unprecedented", especially among second-tier cloud service providers such as Coreweave.
In addition, Dell Technology has also announced that it has repurchased its own shares in the first quarter. During this period, the group spent a total of US$2.4 billion on its own shares and paid dividends.