Dell Stock Surges On Record Orders For AI Servers
Dell reported record fiscal Q2 results as AI server demand surged, booking $60.9 billion in AI server orders and ending the quarter with a $95 billion backlog. From a report: The company posted record revenue of $47 billion, up 58% year over year. Earnings per share came in at $6.34, up 273% from a year ago. Adjusted earnings rose 203% to $7.04 per share. "With AI momentum accelerating and our…
Dell Technologies reported an impressive fiscal Q2, with record-breaking results driven by soaring demand for AI servers. The company announced AI server orders totaling $60.9 billion, alongside a staggering $95 billion backlog heading into the next quarter. In the earnings release, Dell disclosed a record revenue of $47 billion, representing a remarkable 58% year-over-year increase.
Earnings per share (EPS) stood at $6.34, up an astounding 273% compared to last year. Adjusted EPS surged 203% to an impressive $7.04 per share. Reflecting on the company's strong momentum, Dell CEO Jeff Clarke announced an upward revision to its full-year FY27 revenue outlook, raising it by $25 billion to $192 billion, a nearly 70% jump year-over-year.
Dell's stock has witnessed an extraordinary surge, up more than 230% year to date. Peer Hewlett Packard Enterprise (HPE), also experiencing a strong upward trend, saw an 110% increase since the beginning of the year and experienced a post-market trading boost.
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