Skip to content
TradingPilot
Performance
Theme
Sign in

← Dell Technologies

Dell Technologies — 2026Q3 earnings

reported 2026-09-01

EPS $7.04 vs $4.92 est — beat

next session +15.8% (close 2026-09-01 → 2026-09-02)

Source

8-K filing ↗

Summary

In its fiscal 2027 second quarter (ended July 31, 2026), Dell reported record revenue of $47.0 billion and record diluted EPS of $6.34, with Infrastructure Solutions Group revenue up 89% and AI-Optimized Servers doubling to $16.4 billion. Growth was broader than AI alone — traditional servers and networking, storage, and client solutions all grew year over year — but the AI order book is what management pointed to for forward visibility, citing record quarterly orders and a record backlog well above a full year of current AI server revenue. Dell raised full-year FY27 revenue guidance by $25 billion to $192 billion and lifted both GAAP and non-GAAP EPS outlooks.

Review

From the report

Dell's AI server business went from a growth story to the majority of the company, driving record revenue, a 273% EPS jump, and a $25 billion raise to full-year guidance.

  • Dell posted record quarterly revenue of $47.0 billion, up 58% year over year. show quote
    “Record revenue of $47.0 billion, up 58% year over year”
    source ↗
  • Earnings grew far faster than revenue, with GAAP diluted EPS up 273% and non-GAAP diluted EPS up 203%. show quote
    “Record diluted earnings per share (EPS) of $6.34, up 273% year over year, and record non-GAAP diluted EPS of $7.04, up 203%”
    source ↗
  • AI-Optimized Servers were the largest single driver, doubling year over year to $16.4 billion of revenue. show quote
    “Record AI-Optimized Servers revenue: $16.4 billion, up 100% year over year”
    source ↗
  • Management framed forward visibility around a record AI server order book and backlog rather than shipped revenue alone. show quote
    “That’s clearest in our AI server business where we booked a record $60.9 billion in orders, recognized a record $16.4 billion in revenue and exited the quarter with a record $95 billion backlog.”
    source ↗
  • Dell raised full-year FY27 revenue guidance by $25 billion to $192 billion. show quote
    “With AI momentum accelerating and our opportunity expanding across the portfolio, we’re raising our full-year FY27 revenue outlook by $25 billion to $192 billion, up nearly 70% year over year.”
    source ↗

as of 2026-09-01