Dell Technologies ups long-term EPS view to up at least 15% from up at least 8%

Raises long-term annual revenue growth view to up 7%-9% from up 3%-4%. Dell Technologies (DELL) will announce an increase to its long-term financial framework during its Securities Analyst Meeting today at 9:30 a.m. ET. Speakers include chairman and CEO Michael Dell and other members of the executive leadership team. The company said, “Dell has demonstrated consistent financial performance, with strong revenue and non-GAAP diluted EPS growth, disciplined capital allocation, and a commitment to returning capital to shareholders. The company has nearly doubled non-GAAP diluted EPS over the past five years and expects to double it again, targeting 15%+ non-GAAP diluted EPS growth and returning over 80% of adjusted free cash flow to shareholders via share repurchases and dividends. Dell is capitalizing on the unprecedented pace of change in technology, especially in AI, and is well positioned with a leading portfolio from data center infrastructure to PCs. Dell’s engineering, deployment, services, ecosystem, and financing capabilities position it as the AI infrastructure solutions leader. Dell’s competitive advantages and operating model strengthen with AI, offering leading end-to-end solutions, the industry’s largest go-to-market engine, industry-leading supply chain, and unmatched global services.”