Dell Technologies Expected Annual Revenue Growth Of 7% - 9%, Up From The Previous Target Of 3% - 4%; Expected Annual Non-GAAP Diluted EPS Growth Of 15% Or Better, Nearly Double The Previous Target Of 8%; Extended Commitment To Grow Quarterly Dividend 10% Or More Annually Through Fiscal 2030
Author: Benzinga Newsdesk | October 07, 2025 08:34am
Expected annual revenue growth of 7-9%, up from the previous target of 3-4%
Expected annual non-GAAP diluted earnings per share growth of 15% or better, nearly double the previous target of 8%
Extended commitment to grow quarterly dividend 10% or more annually through fiscal 2030
Dell Technologies (NYSE: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 Chief Executive Officer Michael Dell and other members of the executive leadership team, who will announce the following long-term financial targets:
Long-Term Financial Framework
Previous Target
Updated Target
Annual Revenue Growth
3 - 4%
7 - 9%
Annual Non-GAAP Diluted EPS Growth1
8% or better
15% or better
Net Income to Adjusted Free Cash Flow Conversion2
100% or better
100% or better
Shareholder Returns via Share Repurchases and Dividends
Over 80% of adjusted free cash flow
Over 80% of adjusted free cash flow
Dividend Growth Commitment3
10% or more annually through FY 2028
10% or more annually through FY 2030
Drivers of Long-Term Value
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.
