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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.
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Dell again lifts forecasts as AI demand powers record results
Dell Technologies on Tuesday boosted its annual revenue and profit forecasts for the second time this year, driven by soaring demand for its AI servers from technology companies pouring billions into data centers.
·London, United Kingdom
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Coverage Details
Total News Sources8
Leaning Left1Leaning Right1Center5Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
14%
C 72%
14%
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