Dell Surges on AI Infrastructure Boom, Beats Q2 and Lifts Guidance
Dell Technologies posted a strong fiscal Q2 with adjusted earnings of $7.04 per share on $47 billion in revenue, driven by AI infrastructure demand. AI-optimized servers revenue rose 100% to $16.4 billion, and Dell ended the quarter with a record $95 billion backlog for AI servers. The company raised its full-year revenue outlook to about $192 billion from $167 billion, topping analyst expectations, and the stock moved higher in premarket trading on the AI spending backdrop.