Overview
- Dell reported fiscal second‑quarter results on Wednesday with roughly $47 billion in revenue and $7.04 adjusted EPS, both well above Street estimates.
- The company booked a record $60.9 billion in AI‑optimized server orders during the quarter and finished with a $95 billion AI backlog while recognizing $16.4 billion of AI server revenue.
- Management raised full‑year FY27 guidance to about $192 billion in revenue, $25.50 in adjusted EPS, and an AI‑server revenue target of $74 billion for the year.
- Shares rose about 9–10% after the report and multiple analysts raised price targets, but executives warned that GPU and high‑bandwidth memory constraints and thinner AI server margins create risks to timely backlog conversion.
- Dell’s results echo Nvidia’s strong data‑center outlook and signal sustained enterprise and hyperscaler spending on AI infrastructure with near‑term second‑order effects for chip, memory and data‑center supply chains and for customers waiting on deliveries.