- Dell's Infrastructure Solutions Group posted $31.8 billion in fiscal Q2 2027 revenue, up 89% year over year, with AI-optimized servers contributing $16.4 billion of that total. Traditional servers and networking grew 122% and storage rose 26%.
- New AI server orders totaled $60.9 billion in the quarter, lifting the unfilled AI backlog to $95 billion, versus $51.3 billion at the end of Q1 and $43 billion at the end of FY26. Dell has booked more than $130 billion in AI server orders over the past 12 months and serves more than 6,500 AI customers.
- Dell guided FY27 sales to $192 billion, roughly 69% growth, and lifted its AI server sales target to $74 billion, a 200% increase. Adjusted EPS is expected at $25.50, with Q3 sales guided to about $49 billion and adjusted EPS of roughly $6.50.
- Dell stock has gained more than 300% over the past 12 months and traded in the mid-$500 range on September 28, 2026. Dell also completed a $5 billion bond sale that drew strong investor demand.
- Susquehanna said rising AI inference workloads are a tailwind for traditional server revenue, following a doubling of traditional server revenue in FY27.
引述
“following a doubling of traditional server revenues in FY27, we expect”
“semiconductor shortages that support higher prices are likely to continue and may worsen in 2027”