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Dell Technologies’ Review Ahead of Q2 Earnings

Deutsche Bank analysts provided their outlook on Dell Technologies Inc. (NYSE:DELL) ahead of the company’s upcoming Q2 earnings, scheduled to be announced on Aug 26.
The analysts expect Q2 results and Q3 guidance to lean conservative given a challenging macro environment, with inflationary costs, supply shortages and foreign currency continuing to be issues.
While the weakness in the PC market should be well understood by now, the analysts mentioned that the impact on enterprise IT spending is still unclear. The analysts noted that demand comments remain very constructive, but there are incremental signs of enterprise spending weakness.
From the company’s perspective, that could pose risk to its guidance for 2022 revenue to grow 6% year-over-year and EPS to grow 12% year-over-year. More importantly, the analysts mentioned that there could be a risk to 2023 revenue growth for the Street estimate of 1%.

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