The Clap
Dell (NYSE: DELL) reported solid quarterly earnings but gave worrying expectations regarding the upcoming quarters.
The Deets
Dell’s sales for the next quarter are expected to face challenges, as consumer behavior is becoming more cautious.
Revenue growth for 2022 is expected to range from 0% – 2%. Dell’s PC sales are expected to drop by around 15%-19% as the PC market continues to slump.
Inflation and declining demand are two big drivers of the pessimistic forecast for H2 2022.
Why this Matters
Dell’s stock declined by 14% following the disappointing forecast.
Dell expecting the worst in H2 2022 👎
