Technology & Science
Dell lifts annual revenue forecast to $192 billion on AI server boom
The company reported $47 billion in quarterly revenue and doubled AI-server sales as data-center customers accelerated spending.
Executive summary
- The forecast: Dell raised its fiscal 2027 revenue outlook by $25 billion to $192 billion and increased its adjusted earnings forecast to $25.50 a share.Dell Technologies — fiscal 2027 second-quarter resultsReuters — Dell lifts forecasts as AI demand powers record results
- The AI engine: The company booked $60.9 billion in AI-server orders during the quarter, recognized $16.4 billion in AI-server revenue and ended with a $95 billion backlog.Dell Technologies — fiscal 2027 second-quarter results
- The quarter: Second-quarter revenue reached a record $47 billion, up 58% from a year earlier and above the $44.92 billion analyst average reported by Reuters.Dell Technologies — fiscal 2027 second-quarter resultsReuters — Dell lifts forecasts as AI demand powers record results
- The caveat: The $192 billion figure is company guidance rather than booked revenue, and Dell identifies demand, supply, pricing and execution risks around its outlook.Dell Technologies — fiscal 2027 second-quarter results
Dell Technologies raised its fiscal 2027 revenue forecast by $25 billion to $192 billion after reporting record quarterly sales and a surge in demand for artificial-intelligence servers. The company also lifted its adjusted earnings forecast to $25.50 a share from $17.90, its second outlook increase this year, according to Dell's results and Reuters.Dell Technologies — fiscal 2027 second-quarter resultsReuters — Dell lifts forecasts as AI demand powers record results
The hardware maker booked a record $60.9 billion in AI-server orders during the fiscal second quarter, recognized $16.4 billion in AI-server revenue and ended the period with a $95 billion backlog. Dell now expects $74 billion in AI-server revenue for the full year, up from its previous $60 billion forecast.Dell Technologies — fiscal 2027 second-quarter resultsReuters — Dell lifts forecasts as AI demand powers record results
Total quarterly revenue rose 58% from a year earlier to a record $47 billion. Reuters reported that the result topped the $44.92 billion average analyst estimate compiled by LSEG, while adjusted earnings of $7.04 a share exceeded the $4.91 estimate. Dell forecast third-quarter revenue of $49 billion and adjusted earnings of $6.50 a share, also above the cited analyst averages.Dell Technologies — fiscal 2027 second-quarter resultsReuters — Dell lifts forecasts as AI demand powers record results
Growth extended beyond AI systems. Dell's Infrastructure Solutions Group posted $31.8 billion in revenue, up 89%, while traditional servers and networking rose 122%, storage increased 26% and the Client Solutions Group grew 20%. The company returned $4.3 billion to shareholders through repurchases and dividends during the quarter.Dell Technologies — fiscal 2027 second-quarter results
Dell is a major integrator of servers built with Nvidia processors for cloud and data-center customers, placing it near the center of the capital-spending cycle behind AI infrastructure. The size of the backlog provides visibility into demand, but the full-year targets remain forward-looking guidance rather than realized sales and depend on supply availability, pricing, customer spending and execution.Dell Technologies — fiscal 2027 second-quarter resultsReuters — Dell lifts forecasts as AI demand powers record results