Dell announced its second-quarter fiscal year 2027 results for the period ending July 31, with revenue reaching $47 billion, a 58% year-over-year increase, surpassing market expectations. Non-GAAP earnings per share were $7.04, up 203% year-over-year. The company raised its full-year revenue guidance by $25 billion to a midpoint of $192 billion, representing an approximate 70% year-over-year increase. As of the end of Q2, Dell's AI server backlog orders reached $95 billion. Vice Chairman and Chief Operating Officer Jeff Clarke emphasized on the conference call that the primary supply chain constraint is DRAM, followed by NAND.