Dell Stock Surges on Strong Q2 Earnings and AI Growth
Shares of Dell Technologies (NYSE: DELL) surged more than 5% in early trading after the company reported record financial results for its fiscal second quarter. Revenue reached $47 billion, up 58% year-over-year, while adjusted earnings per share hit a record $7.04, soaring 203%. Both figures significantly exceeded analyst expectations. The AI server business was a major driver of growth, with orders reaching $60.9 billion and revenue hitting $16.4 billion in the quarter. The Infrastructure Solutions Group saw an 89% year-over-year increase to $31.8 billion, fueled by strong demand for AI-optimized servers. Dell also raised its full-year guidance, projecting revenue of $192 billion (up 69%) and adjusted EPS of $25.50 (up 148%). Despite the impressive results, some profit-taking led to a pullback in early gains.
Tickers: $DELL
Topics: artificial_intelligence financial_results technology