Dell Technologies has announced its fiscal 2025 second-quarter results, with revenue of $25bn, a year-on-year increase of 9%. The company's Infrastructure Solutions Group (ISG) saw revenue of $11.6bn, up 38% from the previous year, while its Client Solutions Group (CSG) brought in $12.4bn, a decrease of 4% from the previous year. The company cited increased demand in AI and traditional servers as a key driver of strong growth, while storage revenue decreased by 5%. Dell also noted that demand for AI-optimised servers was up 23% quarter on quarter, with $3.2bn in revenue, while year to date this figure was $5.8bn.```html Dell Technologies Delivers Second Quarter Fiscal 2025 Financial Results

Dell Technologies Delivers Second Quarter Fiscal 2025 Financial Results

Story Highlights

• Second quarter revenue of $25.0 billion, up 9% year over year
• Record Infrastructure Solutions Group (ISG) revenue of $11.6 billion, up 38% year over year, with record servers and networking revenue of $7.7 billion, up 80%
• Client Solutions Group (CSG) revenue of $12.4 billion, down 4% year over year, with commercial client revenue flat at $10.6 billion
• Certain year-over-year diluted earnings per share metrics increased significantly

ROUND ROCK, Texas – Dell Technologies (NYSE: DELL) announces financial results for its fiscal 2025 second quarter. Revenue was $25.0 billion, up 9% year over year. Operating income was $1.3 billion and non-GAAP operating income was $2.0 billion, up 15% and 3% year over year, respectively. Diluted earnings per share was $1.17, and non-GAAP diluted earnings per share was $1.89, up 86% and 9% year over year, respectively.

“In Q2 our combined ISG and CSG revenue was $24.1 billion, up 12% year over year, positioning us well for the second half of the year and beyond,” said Yvonne McGill, chief financial officer, Dell Technologies. “Our momentum in ISG is a significant tailwind, with record ISG revenue of $11.6 billion, up 38% year over year.”

Financial Performance Overview

Cash flow from operations was $1.3 billion. Dell returned $1 billion to shareholders through share repurchases and dividends and ended the quarter with $6.0 billion in cash and investments.

Second Quarter Fiscal 2025 Financial Results

Three Months Ended

Category	August 2, 2024	August 4, 2023	Change
Net revenue	$25,026 million	$22,934 million	9%
Operating income	$1,342 million	$1,165 million	15%
Net income	$841 million	$455 million	85%
Earnings per share - diluted	$1.17	$0.63	86%

Infrastructure Solutions Group (ISG) Performance

Infrastructure Solutions Group (ISG) delivered record second quarter revenue of $11.6 billion, up 38% year over year. Servers and networking revenue was a record $7.7 billion, up 80%, with demand growth across AI and traditional servers. Storage revenue was $4.0 billion, down 5%. Operating income was $1.3 billion.

Client Solutions Group (CSG) Performance

Client Solutions Group (CSG) delivered second quarter revenue of $12.4 billion, down 4% year over year. Commercial client revenue was flat at $10.6 billion, and Consumer revenue was $1.9 billion, down 22%. Operating income was $767 million.

Additional Insights

“Our AI momentum accelerated in Q2, and we’ve seen an increase in the number of enterprise customers buying AI solutions each quarter,” said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies. “AI-optimized server demand was $3.2 billion, up 23% sequentially, and $5.8 billion year to date.”

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