Dell

Dell has launched a public offering of unsecured senior notes in four tranches, targeting proceeds of about $4 billion to repay debt maturing in October 2026 and to strengthen liquidity. The tranches are expected to have maturities of roughly three to ten years; initial indications for the longest tranche show a spread of up to 140 basis points. Rating agencies rated the offering at the issue level at BBB+ and Baa2 and expect stable leverage metrics thanks to a rapidly growing AI backlog of about $95 billion. Dell enters the deal with $11.6 billion in cash and an unused $6 billion revolving credit facility. » Altro su de.investing.com

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. » Altro su finance.yahoo.com

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. » Altro su finanzen.net