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Dell Technologies Raises Full-Year Outlook Amid Strong AI Infrastructure Demand
Dell Technologies Raises Full-Year Outlook Amid Strong AI Infrastructure Demand
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BTCCSquare news:
Dell Technologies (DELL) reported a record second-quarter revenue of $29.8 billion, marking a 19% year-over-year increase and surpassing analyst expectations of $29.02 billion. Adjusted earnings per share ROSE to $2.32, beating consensus estimates of $2.29. The company attributed its performance to surging demand for AI infrastructure.
CFO Yvonne McGill emphasized robust cash generation and shareholder value delivery. Despite raising its full-year guidance, Dell's stock declined post-announcement—a market reaction that contrasts with its fundamental strength in the AI hardware sector.
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