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Bloomberg Tech

BONUS: Dell CFO David Kennedy Talks Earnings & Upbeat Outlook Fueled by AI

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 29 May 2026

⏱️ 7 minutes

🧾️ Download transcript

Summary

Dell CFO David Kennedy joins Bloomberg Tech co-host Ed Ludlow to talk about AI server demand and how that boosted the company's annual sales forecast. Kennedy also comments on Dell's $9.7 billion Pentagon software deal. 

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Transcript

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0:23.2

Podcasts, radio, news.

0:26.4

Dell, a lot of stories within this one.

0:28.9

David, you'll tell me it's a strong quarter.

0:31.7

I think the market right now is staring at the outlook

0:34.3

for the fiscal year ending January 27,

0:37.1

the $167 billion of sales, $60 billion of that being

0:41.3

AI servers, something in there is new. In fact, $27 billion of something in there is new in the

0:48.7

outlook. What is it? Yeah, afternoon, Ed. Look, it's a tremendous start to the quarter, obviously, in the year ahead.

0:56.7

88% revenue growth, you know, 214% EPS growth and record cash flows.

1:02.9

You know, built on real, durable and accelerating globally the amount of infrastructure that's needed out there.

1:09.8

If you look at this, you know,

1:11.1

really production at scale, all of those things have given us confidence, as you say, to

1:15.6

add to that full year guide, adding $27 billion to the revenue, $167 billion now, almost

1:23.6

50% increase year on year, EPS is $17.90. Really strong and, you know, really looking

...

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