Conference Call Participants

Simon Leopold – Raymond James & Associates, Inc., Research Division
Samik Chatterjee – JPMorgan Chase & Co, Research Division
Wamsi Mohan – BofA Securities, Research Division
Aaron Rakers – Wells Fargo Securities, LLC, Research Division
Erik Woodring – Morgan Stanley, Research Division
Benjamin Reitzes – Melius Research LLC
Amit Daryanani – Evercore ISI Institutional Equities, Research Division
Mark Newman – Sanford C. Bernstein & Co., LLC., Research Division
Asiya Merchant – Citigroup Inc., Research Division
Michael Ng – Goldman Sachs Group, Inc., Research Division
Timothy Long – Barclays Bank PLC, Research Division
David Vogt – UBS Investment Bank, Research Division
Mehdi Hosseini – Susquehanna Financial Group, LLLP, Research Division
Vijay Rakesh – Mizuho Securities USA LLC, Research Division

Presentation

Operator

Please welcome Dell Technologies VP of Investor Relations, Paul Frantz.

Paul Frantz
Vice President of Investor Relations

Hello, and thanks to everyone for joining us today for our 2025 Dell Technologies Securities Analyst Meeting. You’ll find our press release from today, our presentation and related disclosures as well as additional content and information available on our IR website.

Before we get started, I’d like to share with you our Regulation G and safe harbor disclosures. During this meeting, unless otherwise specified, all references to financial measures refer to non-GAAP financial measures, including non-GAAP revenue, operating income, net income, adjusted free cash flow and earnings per share. A reconciliation of these measures to the most directly comparable GAAP measures can be found in our meeting materials and SEC filings. Growth percentages unless otherwise specified, refer to year-over-year changes. In addition, statements made during this meeting that relate to future

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