Dell Technologies Reports Record Revenue and Earnings, Outperforms Expectations
Dell Technologies (NYSE:DELL) reported record financial results for its fiscal second quarter of 2027 after the market closed on Tuesday. The company's revenue surged to $47 billion, up 58% year over year and well above analyst expectations of $44.5 billion. Adjusted earnings per share (EPS) soared by 203%, reaching $7.04 compared to a forecast of $4.92. Dell's AI server business was particularly strong, with orders hitting $60.9 billion and revenue at $16.4 billion for the quarter. The company also reported an impressive backlog of $95 billion in AI-related orders, up eightfold from last year. Management highlighted ongoing demand driven by data center modernization trends. Looking ahead, Dell raised its guidance for Q3 2027 and full-year fiscal 2027, forecasting revenue growth of 81% to $49 billion and adjusted EPS rising 151%. The company's stock is currently trading at a forward P/E ratio of 22, which analysts view as attractively priced given its high-growth trajectory.
Topics: AI profitability revenue growth server sales