Dell Raises AI Revenue Guidance Amid Mixed Quarterly Results
Dell Technologies delivered a bifurcated performance in Q3 FY2026, missing revenue estimates while surpassing earnings expectations. The $27 billion top-line figure marked an 11% annual gain but fell short of the $27.13 billion consensus. Adjusted EPS of $2.59 outperformed analyst projections by 5%.
Market response turned bullish as management elevated AI-related guidance, sending shares 3% higher in extended trading. The raised outlook signals Dell's positioning to capitalize on accelerating artificial intelligence adoption across enterprise infrastructure.
Wall Street maintains cautious Optimism with 12 Buy ratings against 5 Sell/Hold recommendations. The $167.14 average price target suggests 32% upside potential, though analysts may revise targets following the earnings disclosure.
