Dell Stock Surges On Record Orders For AI Servers
(Thursday September 03, 2026 @11:00AM (BeauHD)
from the AI-gold-rush dept.)
Dell [1]reported record fiscal Q2 results as AI server demand surged, [2]booking $60.9 billion in AI server orders and ending the quarter with a $95 billion backlog. From a report:
> The company posted record revenue of $47 billion, up 58% year over year. Earnings per share came in at $6.34, up 273% from a year ago. Adjusted earnings rose 203% to $7.04 per share.
>
> "With AI momentum accelerating and our opportunity expanding across the portfolio, we're raising our full-year FY27 revenue outlook by $25 billion to $192 billion, up nearly 70% year over year," said Jeff Clarke, CEO of Dell Technologies, in the company's earnings release.
>
> Dell has seen its orders balloon as enterprise customers adopt artificial intelligence and use AI servers locally to run agentic AI queries. Dell stock is up more than 230% year to date. Peer Hewlett Packard Enterprise (HPE), which also moved up 110% since the start of the year, jumped in after-hours trading.
[1] https://investors.delltechnologies.com/news-releases/news-release-details/dell-technologies-delivers-second-quarter-fiscal-2027-financial
[2] https://finance.yahoo.com/markets/article/dell-stock-surges-on-record-orders-for-ai-servers-205629050.html
> The company posted record revenue of $47 billion, up 58% year over year. Earnings per share came in at $6.34, up 273% from a year ago. Adjusted earnings rose 203% to $7.04 per share.
>
> "With AI momentum accelerating and our opportunity expanding across the portfolio, we're raising our full-year FY27 revenue outlook by $25 billion to $192 billion, up nearly 70% year over year," said Jeff Clarke, CEO of Dell Technologies, in the company's earnings release.
>
> Dell has seen its orders balloon as enterprise customers adopt artificial intelligence and use AI servers locally to run agentic AI queries. Dell stock is up more than 230% year to date. Peer Hewlett Packard Enterprise (HPE), which also moved up 110% since the start of the year, jumped in after-hours trading.
[1] https://investors.delltechnologies.com/news-releases/news-release-details/dell-technologies-delivers-second-quarter-fiscal-2027-financial
[2] https://finance.yahoo.com/markets/article/dell-stock-surges-on-record-orders-for-ai-servers-205629050.html