What happened: Dell Technologies (DELL) stock surged as much as 10% before trimming gains on Wednesday.
What's behind the move: The maker of laptops and servers raised guidance and posted record revenue and adjusted earnings for its fiscal 2027 second quarter amid a booming AI server business.
The company said it booked a record $60.9 billion in AI server orders and exited the quarter with a record $95 billion backlog.
Dell Technologies said it also saw growth in its traditional servers, networking, and storage businesses.
The company posted record revenue of $47 billion, up 58% year over year. Earnings per share came in at $6.34, up 273% from a year ago. Adjusted earnings rose 203% to $7.04 per share.
#record #servers
What's behind the move: The maker of laptops and servers raised guidance and posted record revenue and adjusted earnings for its fiscal 2027 second quarter amid a booming AI server business.
The company said it booked a record $60.9 billion in AI server orders and exited the quarter with a record $95 billion backlog.
Dell Technologies said it also saw growth in its traditional servers, networking, and storage businesses.
The company posted record revenue of $47 billion, up 58% year over year. Earnings per share came in at $6.34, up 273% from a year ago. Adjusted earnings rose 203% to $7.04 per share.
#record #servers
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