DELL Boosts Long-Term Growth Targets on Exploding AI Demand

Dell Technologies (DELL) shares climbed approximately 3% in early trading Tuesday after the company raised its long-term financial targets, driven by surging demand for artificial intelligence infrastructure. The tech firm maintained its Q3 and fiscal 2026 guidance while significantly upgrading annual revenue growth projections to 7–9% through 2030, up from 3–4%. Adjusted EPS growth targets were nearly doubled to 15% or more.

CEO Michael Dell emphasized the company's pivotal role in meeting global AI infrastructure needs, stating customers are aggressively adopting its compute, storage, and networking solutions. The firm extended its dividend growth commitment, promising minimum 10% annual increases through 2030.

Dell's AI business has reportedly reached a $2 billion run rate, though the announcement was truncated. The revised outlook signals confidence in capturing enterprise and government AI deployment budgets as organizations race to implement intelligent systems at scale.