Dell stock surges on record orders for AI servers
Yahoo Finance • • business
Key Points:
- Dell Technologies' stock surged up to 10% in after-hours trading following its fiscal 2027 second-quarter results and raised guidance.
- The company posted record revenue of $47 billion, a 58% increase year over year, and adjusted earnings per share of $7.04, up 203% from the previous year.
- Dell reported a record $60.9 billion in AI server orders and exited the quarter with a $95 billion backlog, driven by strong demand for AI and traditional servers, networking, and storage.
- CEO Jeff Clarke announced a raised full-year FY27 revenue outlook to $192 billion, nearly a 70% increase year over year, highlighting accelerating AI momentum.
- Dell's stock has gained over 230% year to date, with peers like Hewlett Packard Enterprise also seeing significant stock gains amid growing enterprise AI adoption.
