Dell Technologies (DELL) just posted another monster beat-and-raise quarter that saw DELL stock jump more than 15% on Sept. 1 and almost 5% in the following session. But as delighted as Dell investors are, Micron Technology (MU) investors should be equally ready to celebrate. The quarterly numbers validate Micron's growth trajectory, and it shows there is little let up in sight.
Dell reported record fiscal second-quarter revenue of $47 billion, up 58% from a year earlier. Non-GAAP earnings came in at $7.04 per share, crushing Wall Street's estimate of roughly $4.72 per share. Even better, Dell raised its fiscal 2027 revenue forecast by $25 billion to $192 billion and lifted its non-GAAP EPS outlook for fiscal 2027 to $25.50.
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Dell reported record fiscal second-quarter revenue of $47 billion, up 58% from a year earlier. Non-GAAP earnings came in at $7.04 per share, crushing Wall Street's estimate of roughly $4.72 per share. Even better, Dell raised its fiscal 2027 revenue forecast by $25 billion to $192 billion and lifted its non-GAAP EPS outlook for fiscal 2027 to $25.50.
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#billion #investors #Share
2 months ago
