Dell's Record $47 Billion Quarterly Revenue Beats Forecasts on AI Server Demand; Annual Outlook Raised by $25 Billion

Dell Technologies reported record quarterly revenue of $47 billion for its second fiscal quarter on Wednesday, 2 September 2026 (11 Shahrivar 1405), beating analyst expectations of about $45 billion. According to Eco Iran, adjusted earnings per share came in at $7.04, above the roughly $4.91 the market had expected. Dell's shares rose more than 10 percent following the report.

The company raised its fiscal 2027 annual revenue forecast by $25 billion to $192 billion, up from a prior forecast of $167 billion, and lifted its adjusted earnings per share guidance from $17.90 to $25.50. Revenue from AI optimized servers reached $16.4 billion in the quarter, with the company booking about $60.9 billion in new orders for the segment during the period, taking its total order backlog to roughly $95 billion. Dell now expects annual AI server revenue of $74 billion, up from a prior estimate of $60 billion. The company's PC sales also grew 20 percent, the fastest pace in five years.