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Dell says supply constraints persist as AI demand drives record orders and $95 billion backlog

Dell reported a blowout Q2 as AI infrastructure demand surged, with AI server orders hitting a record $60.9 billion and the company’s backlog reaching $95 billion. COO Jeff Clarke said widespread shortages — including DRAM, NAND, CPUs, disk drives, power components, substrates and optical parts — forced Dell to prioritize components for its infrastructure business. Dell beat Q2 estimates with adjusted EPS of $7.04 and revenue of $46.97 billion, and guided Q3 well above consensus with adjusted EPS of $6.50 and revenue of $49 billion. » More on finance.yahoo.com
Dell raises full-year outlook sharply after record sales driven by AI server boom

Dell reported Q2 record revenue of about $47 billion (+58% y/y), driven by strong demand for AI-optimized servers. The company received orders for AI servers worth more than $130 billion within 12 months and raised its full-year outlook from roughly $167 billion to $192 billion; adjusted earnings per share are now expected at $25.50 instead of $17.90. Dell forecasts about $74 billion in revenue from AI servers alone for the fiscal year but sees risks from dependence on a few large customers and on Nvidia chips. » More on finanzen.net
Dell rises sharply after strong quarterly results and raised annual forecast

Dell jumped 9.2% in pre-market trading after the company posted convincing quarterly results and sharply raised its annual forecast due to strong demand for AI servers. In the US markets, inflation concerns and higher oil prices continue to keep investors cautious, and expectations of an imminent rate hike by the Fed are growing. Other individual stocks such as GitLab, Palo Alto Networks and Credo Technology showed sometimes strong price movements following their quarterly reports. » More on deraktionaer.de