Sign in

    Dell Technologies Inc (DELL)

    You might also like

    Business Description

    Dell Technologies is a global technology company that provides a broad and innovative solutions portfolio aimed at helping customers modernize their IT infrastructure and address workforce transformation . The company is organized into two main business units: the Infrastructure Solutions Group (ISG) and the Client Solutions Group (CSG) . Dell sells a range of products, including storage solutions, servers, networking solutions, branded PCs, peripherals, and third-party software .

    1. Client Solutions Group (CSG) - Provides branded PCs, including notebooks, desktops, and workstations, along with branded peripherals and third-party software. Offers services such as configuration, support, and extended warranties .
    2. Infrastructure Solutions Group (ISG) - Enables digital transformations with solutions that address AI, machine learning, data analytics, and multicloud environments. Offers a comprehensive storage portfolio, including all-flash arrays and hyper-converged infrastructure, as well as a server portfolio with high-performance and AI-optimized servers. Includes networking solutions .
    3. Other Businesses - Engages in the resale of VMware products and services, integrating VMware products with its offerings, reflecting these results within ISG or CSG depending on the nature of the offering .

    Key Metrics

    View all financials →

    Executive Team

    NamePositionStart DateShort Bio
    Michael S. DellChairman and Chief Executive Officer1984Michael S. Dell is the Chairman of the Board and Chief Executive Officer of Dell Technologies. He founded Dell Inc. and served as its CEO from 1984 until July 2004 and resumed the role in January 2007 .
    Jeffrey W. ClarkeVice Chairman and Chief Operating Officer1987Jeffrey W. Clarke is responsible for running Dell's day-to-day business operations and shaping the strategic agenda. He has been with Dell since 1987, starting as a quality engineer .
    Yvonne McGillChief Financial OfficerAugust 5, 2023Yvonne McGill is responsible for all aspects of Dell's finance function. She has held the role of CFO since August 5, 2023 and joined Dell in 1997 .
    Richard J. RothbergGeneral CounselNovember 2013Richard J. Rothberg oversees the global legal department and manages government affairs, compliance, and ethics. He has served as General Counsel since November 2013 and joined Dell in 1999 .
    Jennifer D. SaavedraChief Human Resources Officer2005Jennifer D. Saavedra leads Dell's Global Human Resources and Facilities function. She has been with Dell since 2005 and has held various key leadership roles within the Human Resources organization .
    William F. ScannellPresident, Global Sales and Customer OperationsFebruary 2020William F. Scannell is responsible for the global go-to-market strategy and driving global growth. He has been in this role since February 2020 and previously held leadership roles at EMC .
    Geraldine TunnellChief Marketing OfficerMarch 30, 2024Geraldine Tunnell was appointed as Chief Marketing Officer effective March 30, 2024, succeeding Allison Dew. She previously served as Senior Vice President of Global Field & Partner Marketing .

    Questions to Ask Management

    1. Despite a growing AI server backlog of $4.5 billion, AI server revenue is expected to be slightly down quarter-over-quarter; can you clarify if this is due to the shift towards Blackwell, component availability, or other factors, and how you plan to address these issues?
    2. With the move to NBL systems featuring up to 72 GPUs per server, and given the higher GPU content that's harder to mark up, how should we think about the evolution of gross profit dollars and margins in your AI server business?
    3. As enterprise and large customers become more cautious with PC and storage spending, particularly in your highest margin storage products, can you provide clarity on your expectations for storage growth next year?
    4. You previously expected AI server sales to drive storage and services demand, but this hasn't materialized as anticipated; can you explain why storage demand hasn't matched AI server growth and what steps you're taking to capitalize on this opportunity?
    5. With your key customers migrating AI platforms from Hopper to Blackwell and potential shifts from HGX to DGX and MGX platforms, what are your underlying assumptions for the platform mix, and how might this impact your AI server business strategy?

    Share Repurchase Program

    Program DetailsProgram 1Program 2
    Approval DateSeptember 23, 2021 October 5, 2023
    End Date/DurationNo fixed expiration date No fixed expiration date
    Total Additional Amount$5 billion $5 billion
    Remaining Authorization$5.7 billion $2.6 billion
    DetailsRepurchase of Class C Common Stock Repurchase of Class C Common Stock

    Debt Maturity Schedule

    YearAmount Due (in millions)Debt TypeInterest Rate% of Total Debt
    2025$2,023 Short-term Debt N/A8.0% = (2,023 / 25,252) * 100
    2026$3,996 Senior Notes 6.020%, 4.900% 15.8% = (3,996 / 25,252) * 100
    2027$6,020 Senior Notes 6.100% 23.8% = (6,020 / 25,252) * 100
    2028$1,308 Senior Notes, Legacy Notes 5.250% 5.2% = (1,308 / 25,252) * 100
    2029$1,372 Senior Notes 5.300% 5.4% = (1,372 / 25,252) * 100
    2030N/ASenior Notes 4.350%, 6.200% N/A
    2033N/ASenior Notes 5.750% N/A
    2034N/ASenior Notes 5.400% N/A
    2035N/ASenior Notes 4.850% N/A
    2036N/ASenior Notes 8.100% N/A
    2040N/ALegacy Notes N/AN/A
    2041N/ASenior Notes 3.375% N/A
    2046N/ASenior Notes 8.350% N/A
    2051N/ASenior Notes 3.450% N/A
    Thereafter$10,533 Various N/A41.7% = (10,533 / 25,252) * 100

    Auditor

    NameStart DateEnd DateReason for Change
    PricewaterhouseCoopers LLP1986 PresentCurrent auditor