Dell Technologies Inc. (DELL) Q2 2027 Earnings Call Transcript

Dell Technologies Inc. (DELL) Q2 2027 Earnings Call September 1, 2026 4:30 PM EDT Company Participants Paul Frantz - Vice President of Investor Relations Jeffrey Clarke - COO & Vice Chairman David Kennedy - Chief Financial Officer Conference Call Participants Amit Daryanani - Evercore ISI Institutional Equities, Research Division Benjamin Reitzes - Melius Research LLC Mark Newman - Bernstein Institutional Services LLC, Research Division Katherine Murphy - Goldman Sachs Group, Inc., Research Division Wamsi Mohan - BofA Securities, Research Division Erik Woodring - Morgan Stanley, Research Division Asiya Merchant - Citigroup Inc., Research Division Michael Tsvetanov - Wells Fargo Securities, LLC, Research Division Joseph Cardoso - JPMorgan Chase & Co, Research Division David Vogt - UBS Investment Bank, Research Division Presentation Operator Good afternoon, and welcome to the Fiscal Year 2027 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. [Operator Instructions] I'd like to turn the call over to Paul Frantz, Head of Investor Relations. Mr. Frantz, you may begin. Paul Frantz Vice President of Investor Relations Thanks, everyone, for joining us. With me today are Jeff Clarke, David Kennedy and Tyler Johnson. Our earnings materials are available on our IR website, and I encourage you to review these materials. Also, please take some time to review the presentation, which includes additional content to complement our discussion this afternoon. During this call, unless otherwise indicated, all references to financial measures refer to non-GAAP financial measures, including non-GAAP gross margin, operating expenses, operating income, net income, diluted earnings per share, free cash flow and adjusted free cash flow. A reconciliation of these measures to their most directly comparable GAAP measures can