What were Dell's key financial results for the fiscal second quarter?

Adjusted earnings were $7.04 per share, revenue was $46.97 billion, and net income was $4.13 billion, or $6.34 per share, up from $1.16 billion, or $1.70 per share, a year earlier.

Top Companies' AI MovesAI Business & IndustryAI Stocks & MarketsTop Companies AI7h agoSep 2, 2026, 06:31 JST2 min read

Dell shares surge 10% on AI server strength, raises forecast

Send on LINE

Key takeaway

Dell's AI server sales surged, lifting its full-year outlook. Revenue hit $46.97 billion, beating estimates.
AI-optimized servers generated $16.40 billion in the quarter.
The company now expects $74 billion in AI server sales for the year.

3 Key Points

What happened
Dell Technologies reported fiscal second-quarter results that beat Wall Street expectations, with adjusted earnings of $7.04 per share against $4.92 expected, and revenue of $46.97 billion against $44.92 billion expected. The company also raised its full-year forecast to $25.50 adjusted EPS on $192 billion in revenue, up from prior guidance.
Why it matters
The strong performance was driven by AI-optimized server revenue of $16.40 billion in the quarter, up 89% in the Infrastructure Solutions Group. Dell now expects AI server sales of $74 billion for the fiscal year, a 200% increase, signaling continued robust demand for AI infrastructure as businesses invest heavily in computing power.
What to watch
Dell's raised outlook comes amid a backdrop of strong investor interest—shares are up 236% year to date, and the company secured a $9.7 billion contract with the U.S. military during the quarter. The company also noted rising input costs are factored into the higher revenue guidance, which could impact margins going forward.

Ask the AI about this article →

Summaries like this, in your inbox every morning.

Get news like this every morning — free

Context & Analysis

Dell's quarterly results underscore how AI infrastructure spending is reshaping the server market. The 89% jump in Infrastructure Solutions Group revenue, driven by AI-optimized servers, shows that data center hardware remains a key beneficiary of the AI boom. The company raised its full-year AI server sales forecast to $74 billion, a 200% increase, reflecting faster-than-expected adoption.

Operating chief Jeff Clarke noted that rising input costs are factored into the elevated revenue guidance, suggesting that price increases are helping top-line growth. At the same time, traditional servers and networking saw a 122% revenue jump, with customers needing more CPU compute for AI and agentic workflows, per Clarke.

Dell's stock performance—up 236% year to date—mirrors investor enthusiasm for AI infrastructure plays. The company also secured a $9.7 billion military contract and a $1.6 billion hardware deal from Iren, which may signal sustained government and enterprise demand. However, potential headwinds include a softening PC market, which Dell has addressed by shifting resources toward infrastructure.

FAQ

What were Dell's key financial results for the fiscal second quarter?: Adjusted earnings were $7.04 per share, revenue was $46.97 billion, and net income was $4.13 billion, or $6.34 per share, up from $1.16 billion, or $1.70 per share, a year earlier.

Get the latest Top Companies' AI Moves news every morning

For example, today's edition would include:

Dell raises forecasts againTop Companies AI · 7h ago
Dell Raises Annual Revenue Outlook on Strong AI Server SalesTop Companies AI · 7h ago
Wells Fargo turns cautious on AI as economy bitesTop Companies AI · 7h ago

AI-summarized, only the topics you pick — one digest a day via Email, Slack, or Discord.

Subscribe free →

Free · takes 30 seconds · unsubscribe anytimeWhat is AIToday? →