Dell Technologies Boosts Earnings Forecast Amid Strong AI Server Demand

Published 1 days agoDELL

Dell Technologies Boosts Earnings Forecast Amid Strong AI Server Demand

Dell Technologies has adjusted its financial outlook, anticipating an annual adjusted earnings per share of $9.40 for fiscal year 2026, an increase from the earlier estimate of $9.30. This updated forecast comes in response to a significant rise in orders for its AI server business, highlighting the robust demand within this industry sector.

Reuters reported that Dell has recorded $12.1 billion in AI server orders for the current quarter alone, which surpasses the entirety of shipments for fiscal 2025. This surge has resulted in a backlog valued at $14.4 billion. Additionally, Dell's AI servers are being deployed by prominent clients like Elon Musk's xAI and CoreWeave. The company's role in advanced computing is further underscored by its collaboration with the U.S. Department of Energy, which plans to utilize Dell and Nvidia technology in its forthcoming supercomputer, Doudna.

Dell's financial projections also indicate second-quarter revenue between $28.5 billion and $29.5 billion, exceeding analysts' predictions of $25.05 billion. Moreover, revenue from Dell's infrastructure solutions group has climbed by 12%, alongside a 5% increase in the client solutions group, which includes PCs. These figures reinforce Dell's strategic positioning and growth trajectory within the rapidly expanding AI server market.

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