Shares of Dell Technologies (NYSE:DELL) slipped slightly in premarket U.S. trading Tuesday after the company announced that Chief Financial Officer Yvonne McGill would be stepping down.
Dell said that David Kennedy, currently Senior Vice President of Global Business Operations, Finance, will assume the CFO role on an interim basis. McGill will continue to serve as an adviser until October 31.
The company emphasized that McGill’s departure was “not the result of any disagreements with the company on any matter relating to its financial statements, internal control over financial reporting, operations, policies or practices.”
“We remain confident in our strong market position, continued growth and long-term value creation opportunities including advancing our modernization efforts,” Dell Vice Chairman and Chief Operating Officer Jeff Clarke said in a statement.
Morgan Stanley strategists described the resignation as sudden, noting that the company reported its latest quarterly earnings just over a week ago and has an upcoming analyst day in less than a month. The analysts said this timing “suggests to us there was some haste made in this decision.”
Dell reaffirmed its guidance for both its fiscal third quarter and full year, originally issued in August. Last month, the company provided soft per-share earnings guidance for the current quarter, citing rising enterprise spending on AI servers that boosted returns but also increased manufacturing costs.
For the third quarter, Dell projected adjusted earnings of $2.45 per share, slightly below Wall Street estimates of $2.55, while its revenue forecast of $26.50 billion to $27.50 billion surpassed analysts’ consensus of $26.31 billion.
Dell’s stock has climbed a little over 5% so far in 2025, outperforming peer HP but trailing the S&P 500 benchmark.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.