Dell says PC sales flat despite slow Windows 11 transition

Dell anticipates flat PC sales in the coming year despite the slow transition to Windows 11, with COO Jeffrey Clarke noting a 10-12 point lag compared to the previous OS. Despite this, Dell's enterprise AI hardware portfolio is thriving, with $12.3 billion in AI server orders and $10.1 billion in server and networking revenue, up 37% year-over-year. Dell's supply chain agility, honed during the COVID-19 pandemic and under shifting tariff policies, is expected to help mitigate the impact of rising memory and storage costs, with the company forecasting $31.5 billion in Q4 and $111.7 billion in FY 2026.