Dell Misses Revenue Estimates in Slow PC Market Recovery

Dell's Q3 revenue of $22.25 billion falls short of the $23 billion estimate, reflecting a slower hardware and software market recovery.

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The client solutions group, encompassing PC business, sees an 11% revenue drop to $12.28 billion in Q3.

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Dell's servers and networking business grew 9% in Q3 due to AI interest but faces challenges with Nvidia's AI chip supply constraints.

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Despite revenue challenges, Dell adjusts full-year earnings to $6.63 per share, signaling confidence in future performance.

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Positive PC chipmaker results and Canalys' forecast suggest a recovering PC market, with AI-capable PCs projected to be 60% of shipments by 2027.

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