Dell Technologies' shares surged 10% in after-hours trading, driven by strong AI server orders and an upward revision of its full-year revenue guidance.
Dell Technologies' stock surged by up to 10% in after-hours trading. The company raised its guidance and reported record revenue and adjusted earnings for the second quarter of fiscal year 2027, driven by its booming AI server business. Dell Technologies stated that its AI server orders reached a record $60.9 billion, with a record backlog of $95 billion at the end of the quarter. The company now expects full-year fiscal 2027 revenue to grow by nearly 70% to $192 billion, an increase of $25 billion from its previous forecast.
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