Dell Capitalizes on AI Boom with Surging Server Demand
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Dell Technologies has raised its fiscal year 2026 earnings forecast to $9.40 per share, exceeding both internal projections and analyst expectations. The Texas-based firm is aggressively investing in AI infrastructure, evidenced by $12.1 billion in AI server orders last quarter—surpassing its entire previous fiscal year’s shipments.
The company now holds a $14.4 billion AI backlog, with COO Jeff Clarke citing "unprecedented demand" for complex AI systems. While supply chain constraints exist due to data center construction delays, Dell’s Q2 revenue reached $23.4 billion, a 5% year-over-year increase that beat Wall Street estimates.
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