Business & Finance
Dell posts record quarterly earnings and raises full-year guidance on AI server demand
Driven by $60.9 billion in artificial intelligence hardware orders, Dell lifted its annual revenue forecast to $192 billion.
The short version
- Dell recorded $47 billion in revenue for its fiscal second quarter, marking a 58% increase year over year.
- The company reported $60.9 billion in AI server orders, building a $95 billion backlog.
- Executive leadership upgraded Dell's full-year FY27 revenue outlook by $25 billion to $192 billion.
- Broader market demand also lifted shares of industry peer Hewlett Packard Enterprise in after-hours trading.
Key facts
- Dell reported record fiscal second-quarter revenue of $47 billion, an increase of 58% from the previous year.[Slashdot]
- The company secured $60.9 billion in AI server orders during the quarter and accumulated a $95 billion backlog.[Slashdot]
- Dell's earnings per share reached $6.34, while adjusted earnings per share rose to $7.04.[Slashdot]
- Dell Technologies CEO Jeff Clarke stated that the company raised its full-year FY27 revenue outlook by $25 billion to $192 billion.[Slashdot]
- Shares of Hewlett Packard Enterprise rose in after-hours trading following Dell's earnings release.[Slashdot]