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Dell stock surges on record orders for AI servers
Yahoo Finance • • general
Key Points:
- Dell Technologies stock surged up to 10% in after-hours trading following the release of its fiscal 2027 second-quarter results and raised guidance.
- The company reported record revenue of $47 billion, a 58% increase year over year, with adjusted earnings per share rising 203% to $7.04.
- Dell booked a record $60.9 billion in AI server orders and ended the quarter with a $95 billion backlog, driven by strong demand for AI and traditional server products.
- CEO Jeff Clarke raised the full-year revenue outlook by $25 billion to $192 billion, reflecting nearly 70% year-over-year growth due to accelerating AI momentum.
- Dell's stock has gained over 230% year to date, with peer Hewlett Packard Enterprise also seeing significant gains amid growing enterprise adoption of AI technologies.
