Dell surges 9% after lifting fiscal 2027 forecast on AI server strength
Dell said AI-optimized server sales reached $16.4 billion and lifted its full-year outlook to $74 billion, well above earlier guidance.
- On Tuesday, Dell Technologies raised its fiscal 2027 guidance to $25.50 in adjusted earnings per share on $192 billion in revenue, with shares rising in extended trading.
- Dell now projects $74 billion in AI-optimized server sales for the fiscal year, representing a 200% increase that accelerates from the 103% growth predicted six months ago.
- During the quarter, Dell secured a $9.7 billion software contract for the military and a $1.6 billion hardware agreement with Iren, driving strong fiscal second-quarter results.
- Executives scheduled an analyst discussion for 4:30 p.m. ET to detail the fiscal trajectory, with Piper Sandler's James Fish evaluating the company's results.
- Shares of Dell have gained substantially year to date, while Michael Dell, the company's founder, chairman and CEO, is now the world's fifth richest person.
47 Articles
47 Articles
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Dell Technologies (NYSE: DELL) shares are posting one of the largest single-day gains for a mega-cap hardware name this year, reversing Tuesday’s pre-earnings selloff after a blockbuster quarterly report. Dell stock climbed 9% to $463 in early Wednesday trading, as Wall Street scrambled to revise price targets against a dramatically upgraded revenue outlook. The company posted fiscal Q2 2027 revenue of $47 billion, a 58% year-over-year increase,…
Dell shares jump 11% as AI server demand lifts revenue, profit forecasts
Dell Technologies shares rose nearly 11% after the company lifted its annual revenue and profit forecasts on strong demand for AI-optimised servers. The results highlighted sustained spending on AI infrastructure, with analysts pointing to record orders, backlog and storage strength.
Dell stock price news: Shares jump 14% on record Q2 results as AI server demand surges — data details
Dell Technologies anticipates fiscal 2027 AI server revenue to reach $74 billion, up from $60 billion. For the fiscal year ending January 2027, revenues are expected to hit $192 billion, boosted by rising AI demand and a record second-quarter performance of $47 billion.
The Economic Times
Times of IndiaDell shares jump 11% after strong AI server demand boosts annual forecast
On Wednesday, Dell Technologies experienced a notable surge in its shares, fueled by booming demand for AI servers. Companies such as Dell and Super Micro are capitalizing on this trend, with Dell reporting an extraordinary 58% increase in second-quarter revenue, reaching an impressive $47 billion. Additionally, the firm has significantly upgraded its revenue and profit projections, mirroring the surge in investments for AI applications in data …
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