The Zhitong Finance App learned that Dell Technology (DELL.US) and Hewlett-Packard (HPQ.US) released their latest quarterly financial reports after the US stock market on Tuesday. The report shows that the long-awaited recovery in the PC market is at a standstill. Dell's third-fiscal quarter PC business revenue fell 1% to $12.1 billion, lower than expected. Although sales in the HP PC division increased 2% to $9.59 billion in the latest quarter, it also fell short of analysts' average expectations. After the report was released, both companies' stock prices fell after the market.

Dell Chief Financial Officer Yvonne McGill said in a conference call with analysts on Tuesday after the results were announced: “The PC refresh cycle will advance until next year.” HP CEO Enrique Lores (Enrique Lores) said in an interview that the new version of the Windows operating system released by Microsoft (MSFT.US) did not boost PC sales to corporate customers as quickly as previous versions.

In the first few months of the outbreak, students and business employees were stuck at home, and demand for new laptops surged, and the market experienced a historic decline in recent years. IDC industry analysts said in October that although signs of a rebound began to show signs of a rebound this year, shipments declined again in the third quarter.

PC makers had hoped that new machines, touted as being better suited to artificial intelligence workloads, would stimulate demand. However, Gartner Inc. analyst Mikako Kitagawa said in last month's report that “buyers have yet to see clear benefits or commercial value.”

On Tuesday, Dell closed at $141.74. As of press time, it had plummeted by more than 10% after the market. By the close of trading on Tuesday, the stock had accumulated an increase of 85% this year. Hewlett-Packard shares closed at $39.10 and fell nearly 8% after the market. Hewlett-Packard shares are up 30% this year.

Dell is best known for its computer business, but the Round Rock, Texas-based company has revived investor interest with its high-performance servers for artificial intelligence workloads. Earlier this month, Dell announced that it would deliver servers equipped with Nvidia (NVDA.US)'s new Blackwell chips to cloud infrastructure provider CoreWeave.

In the third quarter, sales in the infrastructure sector, including servers, grew 34% to $11.4 billion, slightly higher than analysts' expectations of $11.3 billion, Dell said in a statement. According to data collected by Bloomberg, the company's total revenue increased 10% to $24.4 billion, below analysts' average expectations of $24.6 billion.

The company's executives said AI-optimized server shipments for the quarter were $2.9 billion, down from the $3.1 billion reported in the previous quarter.

Dell Chief Operating Officer Jeff Clarke (Jeff Clarke) said in a statement: “Artificial intelligence is a strong opportunity for us, and there is no sign of slowing down.” He claimed that orders for artificial intelligence servers reached $3.6 billion this quarter, and “all types of customers” are growing.

For the next fiscal quarter ending next February, Dell expects revenue of approximately $24.5 billion, which is lower than analysts' average estimate of $25.4 billion. Adjusted earnings per share will be between $2.40 and $2.60, compared to the average market expectation of $2.66.

HP released its fourth fiscal quarter report on the same day, and the company's performance guidelines were also unimpressive. The Palo Alto (Palo Alto), California-based company said that in the next fiscal quarter ending January next year, earnings per share, excluding certain items, will be $0.70 to $0.76, while analysts expect average earnings per share of $0.86.

Bloomberg Intelligence analyst Woo Jin Ho said in a report after the results were released, “Lower-than-expected personal systems sales and profits were the biggest factor dragging down HP's fourth fiscal quarter results. Its lower-than-expected first-quarter earnings per share guidance indicates that PC demand showed little improvement during the seasonally strong quarter.”