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Why Is Dell Technologies Stock Soaring Friday? - Dell Technologies (NYSE:DELL)
Dell reported $113.5 billion in annual revenue with AI-driven server and storage sales up 40%, projecting a 103% rise in AI-optimized server sales for fiscal 2027.
- On Friday, Dell Technologies Inc. shares jumped in premarket trading, rising 11.07% as investors cheered the results.
- On Thursday, Dell reported record annual revenue of $113.5 billion for the financial year ending January 30 and beat fourth-quarter estimates with revenue of $33.38 billion and EPS of $3.89.
- Company reported a large AI server backlog entering FY27, with Clarke saying `We closed more than $64 billion in AI optimized server orders...`
- Management outlined capital returns alongside forward targets, announcing a 20% cash dividend increase and $10 billion share repurchase authorization with fiscal 2027 guidance.
- Analyst consensus shows a Buy rating and a $157.20 average target as the stock trades 12.9% above its 20-day SMA near its $168.08 52-week high, with May 28 as the next major catalyst.
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Dell Reports $27 Billion Quarter on Soaring AI Server Demand
Quick Read Dell Technologies (DELL) missed revenue estimates at $27.0B. AI server orders reached $12.3B in Q4 and $30B for the full year. Dell beat EPS expectations at $2.59 and raised full-year revenue guidance to $111.2B-$112.2B (17% growth). Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in y…
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The technology group fires its stock market value after record results and promises to double its revenue on servers optimized for artificial intelligence to $50 billion in 2027
Coverage Details
Total News Sources17
Leaning Left2Leaning Right0Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
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