Dell Technologies Inc. (DELL) Q2 2023 Earnings Call Transcript

Dell Technologies Inc. (NYSE:DELL) Q2 2023 Earnings Conference Call August 25, 2022 5:30 PM ET

Company Participants

Rob Williams - Head, Investor Relations

Jeff Clarke - Vice Chairman and Co-Chief Operating Officer

Chuck Whitten - Co-Chief Operating Officer

Tom Sweet - Chief Financial Officer

Tyler Johnson - Senior Vice President and Treasurer

Conference Call Participants

Toni Sacconaghi - Bernstein

Erik Woodring - Morgan Stanley

Simon Leopold - Raymond James

Shannon Cross - Credit Suisse

Rod Hall - Goldman Sachs

Jim Suva - Citi

Aaron Rakers - Wells Fargo

Wamsi Mohan - Bank of America

Amit Daryanani - Evercore

Sidney Ho - Deutsche Bank

Steven Fox - Fox Advisors

Samik Chatterjee - JPMorgan

Operator

Please stand by. Good afternoon. And welcome to the Fiscal Year 2023 Second Quarter Financial Results Conference Call for Dell Technologies Inc. I’d like to inform all participants, this call is being recorded at the request of Dell Technologies. This broadcast is the copyrighted property of Dell Technologies Inc. Any rebroadcast of this information in whole or part without the prior written permission of Dell Technologies is prohibited. Following prepared remarks, we will conduct a question-and-answer session. [Operator Instructions]

I’d now like to turn the call over to Rob Williams, Head of Investor Relations. Rob, you may begin.

Rob Williams

Thanks everyone for joining us. With me today are Jeff Clarke; Chuck Whitten; and Tom Sweet. Our earnings materials are available on our IR website and I encourage you to review our presentation, which includes rich content to complement our discussion this afternoon. Guidance will be covered on today’s call.

During this call, unless otherwise indicated, all references to financial measures refer to non-GAAP financial measures, including non-GAAP revenue, gross margin, operating expenses, operating income, net income and earnings per share.

A reconciliation of these measures to their most directly comparable GAAP measures can be found in our web deck and press release. Growth percentages refer to year-over-year change unless otherwise specified.

Statements made during this call that relate to future results and events are forward-looking statements based on current expectations. Actual results and events could differ materially from those projected due to a number of risks and uncertainties, which are discussed in our web deck and SEC filings. We assume no obligation to update our forward-looking statements.

During the call today, Jeff will recap Q2, including the current demand and supply chain environments. Chuck will cover CSG and ISG operating performance, and Tom will cover our financial results and guidance.