Dell Technologies reported record second quarter results characterized by significant beats on both the top and bottom lines. Growth was powered by an unprecedented surge in AI-optimized server demand and a strong recovery in traditional infrastructure, leading management to raise full-year revenue guidance by $25 billion.
Key Highlights
- AI-optimized server backlog nearly doubled sequentially to $95 billion, up from $51.3 billion in the first quarter.
- Total revenue reached a record $47.0 billion, a 58% increase year-over-year, driven by the Infrastructure Solutions Group (ISG) which grew 89% to $31.8 billion.
- Recognized AI-optimized server revenue hit $16.4 billion, while traditional servers and networking revenue jumped 122% to $10.5 billion.
- The company raised its full-year fiscal 2027 revenue guidance to $192.0 billion, representing approximately 70% growth over the prior year.