{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"DELL Stock: Revenue +58%, But Free Cash Flow Fell 47% (Dell Q2 FY2027 Earnings)","slug":"dell-stock-revenue-58-but-free-cash-flow-fell-47-dell-q2-fy2027-earnings","published_at":"2026-09-03T06:44:13+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/dell-stock-revenue-58-but-free-cash-flow-fell-47-dell-q2-fy2027-earnings","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/dell-stock-revenue-58-but-free-cash-flow-fell-47-dell-q2-fy2027-earnings/","audio_url":"https://mcdn.podbean.com/mf/web/ajswzezx3131ypwb/audio_2.mp3","summary":"Dell Technologies (DELL) Q2 FY2027 — The stock rose 15.8% the next session, from $425.00 to $492.20, on 6.2x normal volume. Dell grew revenue 58% to $46.97bn, trebled non-GAAP EPS to $7.04 against a $4.91 Street bar, expanded every margin it reports, and added $25bn to its own full-year guide. Free cash flow still fell 47%, to $986m. The record $8,149m of 'adjusted free cash flow' in the headline is that $986m plus $6,667m of financing receivables - money owed by customers for equipment Dell financed itself. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$436 vs ~$492.20 today. KEY METRICS: - Revenue $46,971m (+58%), non-GAAP EPS $7.04 (+203%), GAAP EPS $6.34 (+273%). Beat its own 28 May guide by 5.6% on revenue and 46.7% on EPS - the bar was RAISED first, not cut - Free cash flow $986m, DOWN 47% year over year, while reported net income rose 255% to $4,133m. Operating cash flow fell 13% to $2,225m - The record $8,149m 'adjusted free cash flow' is $986m plus $6,667m of financing receivables plus $496m of equipment under operating leases - 88% of it is the add-back (FY2026: 26%) - Financing receivables went from $13,950m at 1 May to $20,430m at 31 Jul - $6,480m in ONE quarter, against $2,858m across the SEVEN quarters before it - We tested AI margin dilution and it is NOT present: gross margin 18.3% to 20.9%, non-GAAP operating margin 7.7% to 12.6%, ISG segment margin 8.8% to 15.0% - ISG revenue $31,782m (+89%); AI-optimised servers $16,401m (+100%); traditional servers and networking $10,531m (+122%); storage $4,850m (+26%); CSG $15,034m (+20%) - FY2027 revenue guide: $140.0bn on 26 Feb, $167.0bn on 28 May, $192.0bn now. Non-GAAP EPS guide $12.90, then $17.90, then $25.50 - AI orders $60.9bn booked in the quarter (April: $24.4bn) but recognised AI revenue only went…","meta_description":"Dell Technologies (DELL) Q2 FY2027 — The stock rose 15.8% the next session, from $425.00 to $492.20, on 6.2x normal volume. Dell grew revenue 58% to $46.9…","key_points":[],"chapters":[],"topics":[],"duration_seconds":902,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/dell-stock-revenue-58-but-free-cash-flow-fell-47-dell-q2-fy2027-earnings/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/dell-stock-revenue-58-but-free-cash-flow-fell-47-dell-q2-fy2027-earnings.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}