Jim Cramer Praises Dell's Record Earnings and AI Growth
Dell Technologies Inc. (NYSE:DELL) delivered an exceptional quarterly performance, with revenue surging to a record $47 billion—a 58% year-over-year increase—and non-GAAP earnings per share reaching $7.04, well above expectations. The company's Infrastructure Solutions Group drove much of the growth, reporting an 89% rise in revenue and securing over $60 billion in AI server orders during the quarter. Dell also raised its full-year guidance significantly, projecting up to $25.50 per share in earnings. The results reflect strong demand for AI-optimized servers, with a backlog of $95 billion indicating ongoing momentum in enterprise data center modernization. COO Jeff Clarke highlighted broad-based growth across traditional hardware segments like storage and networking. However, concerns remain about Dell's ability to sustain margins amid rising component costs and competitive pressures. Institutional confidence appears growing: 77 hedge funds held positions in DELL during Q2, up from the previous quarter, with GQG Partners being a notable new entrant.
Tickers: $DELL
Topics: AI server growth earnings report guidance raise revenue beat