Dell shares jump 10% after raising revenue outlook

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.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.