Dell Technologies reported a record Q2 FY27 with revenue hitting $47 billion and non-GAAP EPS of $7.04, driven by exceptional demand for AI servers. Quarterly orders reached $60.9 billion with a backlog at a record $95 billion, boosting profitability as ISG operating margin rose to 15% from 8.8%, and operating income increased 225% year-over-year. The company raised its FY27 guidance to $192 billion in revenue and $25.50 in adjusted EPS, improving earnings visibility. This strong performance led to an upgrade of Dell stock from Hold to Buy, reflecting confidence in margin expansion and backlog strength despite previous concerns about valuation and supply chain execution.
Dell Technologies shares jumped 9% after reporting a record $95 billion AI server backlog and raising its full-year revenue forecast by $25 billion to $192 billion. The company posted strong Q2 results with revenue up 58% year-over-year and AI server...
Dell Technologies reported a significant surge in AI-related orders, with its AI backlog reaching $95 billion and Q2 orders hitting $60.9 billion compared to $16.4 billion in revenue. The company expects AI server revenue to triple to $74 billion by ...
Dell Technologies reported a strong Q2 with revenue up 58% to $46.97B and raised its full-year revenue guidance by $25 billion, driven by AI-optimized server sales. MongoDB posted double-digit growth and raised its FY27 profit and revenue outlook des...
Dell Technologies reported quarterly revenue of $46.97 billion and earnings per share of $7.04, both surpassing analyst expectations. The company's growth is fueled by strong demand in its AI server business, supported by a substantial $51 billion or...
Dell Technologies reported fiscal Q2 revenue of $47 billion, up 58% year-over-year, driven by a doubling in AI-optimized server sales to $16.4 billion. The company beat analyst estimates on revenue and earnings per share, prompting a 10% jump in afte...
