Dell reported second-quarter earnings that topped forecasts, driven by AI server sales. The company lifted its fiscal 2027 guidance and now expects AI server revenue to triple, up from an earlier target of doubling six months ago. Its backlog reached $95 billion as demand for AI infrastructure accelerated. Annual revenue outlook rose to $192 billion, including $74 billion from AI servers. Shares climbed after the results, and analysts at Morgan Stanley, Goldman Sachs and Citigroup raised price targets.
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Earnings beat leads company to project tripling AI server revenue in fiscal 2027.
Dell reported second-quarter earnings that topped forecasts, driven by AI server sales. The company lifted its fiscal 2027 guidance and now expects AI server revenue to triple, up from an earlier target of doubling six months ago. Its backlog reached $95 billion as demand for AI infrastructure accelerated. Annual revenue outlook rose to $192 billion, including $74 billion from AI servers. Shares climbed after the results, and analysts at Morgan Stanley, Goldman Sachs and Citigroup raised price targets.