- Dell Technologies Q2 Earnings Report
- Speculations about Potential Bitcoin Purchase
- Forecast and Conclusions
Dell Technologies published its Q2 FY 2025 report, not mentioning Bitcoin despite CEO Michael Dell's crypto-themed comments.
Dell Technologies Q2 Earnings Report
Dell Technologies announced its second-quarter FY 2025 earnings, showing strong results driven by growing AI demand. The company did not mention Bitcoin during its earnings call or in the official report. The total revenue was $25 billion, up 9% from last year, with record servers and networking revenue of $7.7 billion, up 80% from last year. Analysts were predicting $24 billion in revenue. Dell's vice chairman and COO Jeff Clarke stated that AI was a key driving force behind the company's higher earnings.
Speculations about Potential Bitcoin Purchase
Amid the absence of Bitcoin mentions in the company's report, speculations arose about a potential cryptocurrency purchase fueled by CEO Michael Dell's comments. In a June 21 post on X, Dell mentioned, 'Scarcity creates value,' a phrase often associated with Bitcoin due to its hard supply cap of 21 million coins. Dell later retweeted a post from vocal Bitcoin advocate and MicroStrategy CEO Michael Saylor: 'Bitcoin is Digital Scarcity,' and also held a poll where Bitcoin received 43% of the votes. However, there is no evidence so far that the company invested in Bitcoin or other cryptocurrencies.
Forecast and Conclusions
Despite Michael Dell's social media posts, which could be interpreted as being bullish on Bitcoin, there is no information about Dell Technologies purchasing or holding cryptocurrencies. Historically, companies have disclosed such details in their financial reports. For example, Tesla revealed its $1.5 billion Bitcoin purchase in Q1 2021. As of now, only a handful of companies like MicroStrategy, Metaplanet, and Semler Scientific have openly declared their Bitcoin investments.
Despite Michael Dell's crypto-themed comments, Dell Technologies' Q2 FY 2025 earnings report contains no mentions of Bitcoin or other cryptocurrencies.
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