Dell reports record revenue in FY22 Q3 following growth in commercial PC sales

Dell reported another record period in the third quarter of the 2022 fiscal year (FY22 Q3). The company’s revenue reached $28.4 billion in the quarter, which marks a growth of 21%. That growth comes as a result of success in several segments, including commercial PCs like the Dell Latitude lineup and consumer PCs such as the Dell XPS range. Dell also saw growth in the server and storage segments. Dell’s operating income in the quarter was $1.3 billion, which is a 19% increase year-over-year.

Growth in the commercial PC segment helped Dell reach its record revenue figure. Commercial revenue hit $12.3 billion, which is also a record. That revenue is a 40% increase over the same period in the previous year. Consumer revenue also increased, reaching $4.3 billion (up 21%).

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Dell’s Infrastructure Solutions Group, which includes servers and storage, had a revenue of $8.4 billion in FY22 Q3, which is a growth of 5% year-over-year. Storage revenue was $3.9 billion (up 1%), and servers and networking revenue was $4.5 billion (up 9%).

“We’re three quarters into what will prove to be a historic year for Dell, and we are just beginning to write the next chapter of the Dell Technologies story,” said Dell’s co-chief operating officer Chuck Whitten.

Note that companies label quarters with different naming structures. HP’s FY21 Q4, Lenovo’s FY22 Q2, and Dell’s FY22 Q3 all refer to the same quarter.

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