Live News EARNINGS ARTICLE H impact Sep 02, 2026, 12:16 PM UTC

Dell earnings jump on AI server backlog at $95 billion

Dell Technologies (DELL) rose 9.20% premarket after second-quarter revenue rose 58% to $46.97 billion versus $44.89 billion consensus. Non-GAAP diluted EPS was $7.04 versus $4.91 expected. GAAP diluted EPS was $6.34.

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SquawkNews Newsroom 2 updates Updated Sep 02, 2026, 12:23 PM UTC

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12:16:50 PM UTC

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Dell Technologies (DELL) shares jumped about 8% early Wednesday as its latest results showed accelerating demand for AI infrastructure and a broader recovery across its server business.The company posted $47 billion in quarterly revenue, up 58% year over year, while net income increased 189% to $4…

12:23:06 PM UTC

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Dell Technologies Inc. (NYSE: DELL ) on Tuesday posted better-than-expected fiscal year 2027 second-quarter results and raised FY2027 guidance. Dell reported an adjusted/non-GAAP diluted EPS of $7.04 per share, which blew past the consensus estimate of $4.91. Quarterly revenue came in at $46.97 billion, which beat the Street estimate of $44.95 billion and was up from $29.78 billion in the same period last year. "IT environments have shifted from cost centers to value drivers that fuel growth and competitive advantage, and customers are investing accordingly — creating opportunity across our portfolio," said COO Jeff Clarke. Dell expects third-quarter adjusted EPS of $6.50, versus the $4.49 analyst estimate, and revenue of $49 billion, versus the $41.43 billion estimate. Dell shares jumped 8.9% to $463.00 in pre-market trading. These analysts made changes to their price targets on Dell following earnings announcement. B of A Securities analyst Wamsi Mohan maintained the stock with a Buy and raised the price target from $505 to $600. Morgan Stanley analyst Erik Woodring maintained the stock with an Equal-Weight rating and boosted the price target from $434 to $499. Considering buying DELL stock? Here’s what analysts think: Photo via Shutterstock

Dell Technologies Inc. (NYSE: DELL ) on Tuesday posted better-than-expected fiscal year 2027 second-quarter results and raised FY2027 guidance.

Dell reported an adjusted/non-GAAP diluted EPS of $7.04 per share, which blew past the consensus estimate of $4.91.

Quarterly revenue came in at $46.97 billion, which beat the Street estimate of $44.95 billion and was up from $29.78 billion in the same period last year. "IT environments have shifted from cost centers to value drivers that fuel growth and competitive advantage, and customers are investing accordingly — creating opportunity across our portfolio," said COO Jeff Clarke.

Dell expects third-quarter adjusted EPS of $6.50, versus the $4.49 analyst estimate, and revenue of $49 billion, versus the $41.43 billion estimate.

Dell shares jumped 8.9% to $463.00 in pre-market trading.

These analysts made changes to their price targets on Dell following earnings announcement.

B of A Securities analyst Wamsi Mohan maintained the stock with a Buy and raised the price target from $505 to $600.

Morgan Stanley analyst Erik Woodring maintained the stock with an Equal-Weight rating and boosted the price target from $434 to $499.

Considering buying DELL stock? Here’s what analysts think: Photo via Shutterstock