BUZZ-Dell falls after forecasting drop in FY26 gross margin

Dell Technologies' DELL.N shares fall 2.3% to $105.35 premarket

The laptop maker expects its annual adjusted gross margin rate to decline about 100 basis points in FY26

Co forecast annual revenue between $101 bln and $105 bln, compared with analysts' average estimate of $103.17 bln, according to data compiled by LSEG

Expects annual adj profit of $9.30 per share vs estimates of $9.23 per share - LSEG

DELL's PC business lagged amid soft demand

Co reports Q4 adj EPS of $2.68, beating estimates of EPS $2.53 - LSEG

Separately on Thursday, research firm International Data Corporation lowered its traditional PC forecast for 2025 and beyond, driven by U.S. tariffs on China and weakening market sentiment

Up to last close, DELL lost 6.4% YTD