What happened: Dell Technologies (DELL) stock surged as much as 10% before trimming gains on Wednesday.
What’s behind the move: The maker of laptops and servers raised guidance and posted record revenue and adjusted earnings for its fiscal 2027 second quarter amid a booming AI server business.
The company said it booked a record $60.9 billion in AI server orders and exited the quarter with a record $95 billion backlog.
How has Dell’s stock performed compared to competitors?
What drove Dell’s record AI server orders and backlog?
How much did Dell raise its fiscal 2027 revenue guidance?
What were Dell’s key financial results this quarter?
Dell Technologies said it also saw growth in its traditional servers, networking, and storage businesses.
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.
“The momentum we’ve seen continues, and we are raising our expectations across every line of business,” said CFO David Kennedy during the company’s earnings call.
Dell raised its full-year fiscal year 2027 revenue outlook by $25 billion to $192 billion, up nearly 70% year over year.
Dell Technologies Inc. (DELL)
Pre-Market: 8:29:39 AM EDT
What else you need to know: Dell has seen its orders balloon as enterprise customers adopt artificial intelligence and use AI servers locally to run agentic AI queries.
Dell stock is up more than 230% year to date. Peer Hewlett Packard Enterprise (HPE), which also moved up 110% since the start of the year, jumped on Wednesday.
https://finance.yahoo.com/markets/article/dell-stock-surges-on-record-orders-for-ai-servers-205629050.html
