Dell expects PC backlog to balloon in Q1 amid supply chain snarls

FILE PHOTO: A person looks at a Dell laptop for sale in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File Photo

(Reuters) -Dell Technologies Inc said on Thursday it expects PC backlog to balloon in the first quarter due to supply chain constraints and reported a quarterly profit miss, sending its shares down 7% in extended trading.

A pandemic-fueled demand for PCs helped the company draw in billions of dollars in sales over the past year. However, an ongoing global chip shortage and supply chain issues are pinching Dell as longer lead times and parts shortages have led to higher component and freight costs.