Dell Raises Fiscal 2027 AI Server Forecast to $74 Billion as Shares Jump 9%

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Dell Technologies raised its fiscal 2027 profit and revenue outlook for the second time this year, sending shares up 9%, as surging AI server demand drove a record quarter. The company now expects $25.50 in adjusted earnings per share on $192 billion in revenue, up from a May outlook of $17.90 per share and $165 billion to $169 billion, and well above analyst estimates of $18.92 per share and $172.67 billion. Dell lifted its fiscal 2027 AI-optimized server revenue forecast to $74 billion, up from $60 billion and more than triple the $25 billion it shipped in fiscal 2026. Second-quarter revenue hit a record $47 billion, up 58% year over year and above the $44.92 billion estimate, with adjusted EPS of $7.04 versus a $4.91 estimate, while AI server orders reached a record $60.9 billion and pushed Dell's backlog to $95 billion, more than double the $43 billion reported at the end of fiscal 2026. Dell's AI customer base has passed 6,500, with 3,300 added over the past three quarters, and its Infrastructure Solutions Group generated $31.8 billion in revenue, up 89% year over year, while the company returned $4.3 billion through buybacks and dividends in the quarter.

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Dell raised its fiscal 2027 profit and revenue outlook and posted record Q2 results, with adjusted EPS of $7.04 vs $4.91 estimate.

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