Dell Technologies Shares Rise Over 15% Amid Strong Q2 Earnings and Record AI Server Orders
On September 2, 2026, Dell Technologies (NYSE:DELL) surged over 15.7%, closing at $492.00 after reporting stronger-than-expected second-quarter results driven by record orders for its AI servers. The company's Q2 revenue and adjusted earnings per share rose sharply—by 58% and 203%, respectively—and it raised full-year guidance, projecting a 69% sales increase and a 148% rise in adjusted EPS to $25.50. The AI-Optimized Server segment alone generated $16.4 billion in revenue during the quarter—double its performance from last year—with an exiting backlog of $95 billion, signaling continued growth potential. The broader market also saw gains: the S&P 500 rose 0.47%, and the Nasdaq Composite climbed 0.45%. Rivals like HP (HPQ) and Hewlett Packard Enterprise (HPE) also posted modest gains as investors tracked Dell's AI momentum. Dell’s strong performance reflects its transformation from a PC-focused company to an enterprise infrastructure leader, with robust demand for AI servers underpinning investor optimism. The stock now trades at 19 times forward earnings.
Topics: AI infrastructure Dell Technologies earnings report server demand