Dell Technologies Reports Record Q2 Earnings Driven by AI Demand
Dell Technologies reported record fiscal second-quarter revenue of $47 billion, a 58% year-over-year increase. Non-GAAP earnings per share surged to $7.04, up 203%. The Infrastructure Solutions Group saw an 89% rise in revenue to $31.8 billion, driven by strong demand for AI servers and infrastructure modernization. The company also raised its full-year outlook, now expecting fiscal year revenue of $192 billion and non-GAAP EPS of $25.50—reflecting growth rates of approximately 70% and 150%, respectively. Dell returned a record $4.3 billion to shareholders during the quarter despite ongoing component supply constraints. Dell's AI server orders reached $60.9 billion in Q2, with an AI backlog now at $95 billion. The company also became the first to ship rack systems engineered on NVIDIA’s Vera Rubin platform and added 3,300 new Dell AI Factory customers over three quarters.
Tickers: $DELL
Topics: AI demand full-year outlook non-GAAP EPS revenue growth