Dell Revenues Up 19 Percent to $29.8 Billion, a Record

Dell reported a net income of $1.2 billion on record revenues of $29.8 billion in the quarter ending August 1, 2025. Those figures represent gains of 32 percent and 19 percent, respectively, year-over-year (YOY).

“In the second quarter, we achieved strong top-line results and profitability, reaching record revenue of $29.8 billion,” Dell CTO Yvonne McGill said. “We delivered another quarter of robust cash generation, with $2.5 billion in cash flow from operations and $1.3 billion in shareholder returns.”

The gains all came from Dell’s Infrastructure Solutions Group (ISG), which delivered record revenues of $16.8 billion, up 44 percent YOY. Dell says this business has now shipped $10 billion worth of AI servers in the first half of this fiscal year, more than in the entire previous year. As a result, Dell is raising its revenue guidance for this business to $20 billion for the full fiscal year.

Dell’s PC business, Client Solutions Group (CSG), had revenues of $12.5 billion, up 1 percent YOY. Most of that, $10.8 billion, came from commercial PC sales, with revenues up 2 percent YOY. Consumer PC sales fell 2 percent to $1.7 billion. Given the state of this business, Dell says it is committed to focusing on the most profitable market segments only, with AI-driven workloads driving future growth. For Dell, that’s commercial PCs: consumer PCs, premium consumer PCs, and Chromebooks each account for just 8 or 9 percent of CSG’s revenues, with commercial PCs at 75 percent.