Dell Boosts Profit Forecast on AI Server Demand Surge

Published 22 hours agoDELL

Dell Boosts Profit Forecast on AI Server Demand Surge

Dell Technologies has increased its full-year profit forecast, driven by robust demand for its AI-powered servers using Nvidia chips. The company now anticipates adjusted annual earnings of $9.40 per share, edging up from a prior estimate of $9.30, according to Reuters.

Supporting this outlook, Dell reported securing $12.1 billion in AI orders in the recent quarter, surpassing the total AI-related shipments anticipated for fiscal year 2025. Additionally, the company noted a substantial $14.4 billion backlog. Looking ahead, Dell expects second-quarter revenue to be between $28.5 billion and $29.5 billion, along with an anticipated adjusted profit of $2.25 per share, exceeding analyst projections.

Dell's recent updates show a strong first-quarter performance, with revenue rising to $23.38 billion, slightly above expectations. The company's infrastructure and client solutions groups saw notable revenue growth of 12% and 5%, respectively. Following these developments, Dell's shares climbed 10% in after-hours trading, highlighting the market's positive reception to its strategic focus on AI technologies.

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