Dell Posts $47 Billion Q2 Revenue, Raises FY Outlook to $192 Billion on AI Servers
Updated
Updated · Quartz · Sep 1
Dell Posts $47 Billion Q2 Revenue, Raises FY Outlook to $192 Billion on AI Servers
3 articles · Updated · Quartz · Sep 1
Summary
$46.97 billion in fiscal Q2 revenue and $7.04 adjusted EPS both topped expectations, as Dell delivered record sales and lifted its full-year outlook for the second time this year.
AI-optimized servers drove the beat: Infrastructure Solutions Group revenue jumped 89% to $31.78 billion, including $16.40 billion from AI servers and a $95 billion AI-server backlog.
Dell now expects about $192 billion in fiscal 2027 revenue, up $25 billion from its prior outlook, with $74 billion from AI-optimized server sales and adjusted EPS of $25.50.
Third-quarter guidance also came in well above forecasts at $49 billion in revenue and $6.50 adjusted EPS, helping push Dell shares about 8% higher in extended trading after tripling this year.
Beyond servers, Dell is expanding on-premises AI products built on Nvidia software, targeting enterprises seeking alternatives to costly cloud-based agentic AI workloads.