Dell reports Q2 revenue up 58% YoY to $46.97B, vs. $44.92B est., and forecasts $192B in FY 2027 revenue, vs. $172.67B est.; DELL jumps 9%+ after hours (Jordan Novet/CNBC)
Dell Technologies shares moved 5% higher in extended trading on Tuesday after the computer maker reported results and a forecast that easily cleared Wall Street expectations.
Dell Technologies reported stronger-than-expected fiscal second-quarter results, with adjusted earnings of $7.04 a share and revenue of $47.0 billion, surpassing Wall Street estimates. The company's AI server orders reached $60.9 billion, with a record backlog of $95 billion. Revenue rose 58% from a year earlier, and net income and operating profit surged due to booming AI server demand, stronger storage sales, and operating leverage. Shares rebounded after hours, suggesting investors welcomed the beat and higher outlook.
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Also reported by 4 other outlets
- MongoDB reports Q2 revenue up 30% YoY to $771.8M, vs. $735M est., Atlas revenue up ~29% YoY, below major hedge funds' expectations; MDB drops 12%+ after hours (Mariapaula Gonzalez/Barron's Online) barrons.com
- Dell shares jump 10% after raising revenue outlook techinasia.com
- Stocks making the biggest moves after hours: Dell, MongoDB, GitLab and more cnbc.com
- Earnings call transcript: Dell beats Q2 2027 estimates, shares rebound after hours investing.com