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. Shares climbed after the results. Barron's coverage placed Dell's performance alongside moves in other tech stocks amid the AI boom.
77.3K
7 posts, first seen 4d ago
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. Shares climbed after the results. Barron's coverage placed Dell's performance alongside moves in other tech stocks amid the AI boom.