Dell bets on AI server demand as Q2 outlook heats up

Dell Technologies is poised to report Q2 results amid surging AI-server demand, with consensus earnings around $4.95 per share on about $45.3 billion in revenue. Dell has guided roughly $15.5 billion in AI-server revenue and raised its FY27 AI-server outlook toward roughly $60 billion as Q1 AI-server revenue surged and its Nvidia- and AMD-powered AI ecosystem expands. Analysts have lifted EPS estimates, signaling a bullish setup for DELL despite strong competition from HPE, SMCI, and Lenovo.