Dell Technologies (NYSE: DELL), the computer maker turned AI infrastructure supplier, saw its shares jump in after-hours trading after posting record quarterly results and lifting its full-year guidance on the strength of a record AI server order backlog.
Dell shares closed the regular session yesterday at $425.00, down 6.80% on a move unrelated to the earnings announcement, which landed after the close. In after-hours trading yesterday, shares rose roughly 9%, according to CNBC, as markets digested the report.
Dell reported second-quarter fiscal 2027 revenue of $47.0bn, up 58% year on year, with diluted earnings per share of $6.34, up 273%. Both were records for the company. The results, released after yesterday’s US market close, were driven largely by demand for AI-optimised servers, the machines built to run artificial intelligence workloads.
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Jeff Clarke, Dell’s vice chairman and chief operating officer, said: “That’s clearest in our AI server business where we booked a record $60.9 billion in orders, recognized a record $16.4 billion in revenue and exited the quarter with a record $95 billion backlog.” That backlog visibility prompted Dell to raise its full-year revenue guidance by $25bn to $192.0bn, up 69% year on year, and lift its AI server revenue guidance to $74.0bn from a prior $60.0bn, implying roughly triple year-on-year growth in that business.
The scale of the backlog and guidance raise reflects the pace of demand for Dell’s AI-optimised servers, with the order book now running well ahead of the revenue Dell has so far recognised from it.
Dell’s $95bn unfilled order backlog, built from a record $60.9bn booked in the quarter, gives the AI server business visibility well beyond the current fiscal year.
