Dell Technologies Reports Record AI Server Orders, Boosts Guidance
Dell Technologies (DELL) reported record revenue of $47 billion for its fiscal second quarter in 2027, a 58% increase year over year. The company attributed the growth to strong demand for AI servers, with orders reaching an all-time high of $60.9 billion and a backlog of $95 billion at the end of the quarter. Adjusted earnings per share rose by 203% to $7.04 from last year. Dell raised its full-year revenue outlook for fiscal 2027, increasing it by $25 billion to $192 billion—up nearly 70% compared to the previous year. CFO David Kennedy highlighted continued momentum across all business lines during an earnings call. The company also noted growth in traditional servers, networking, and storage. Dell's stock surged as much as 10% on Wednesday before trimming gains. It has gained over 230% this year amid strong market sentiment for AI-related stocks.
Topics: AI servers guidance raise record revenue stock surge