Dell Stock: Record $47B Revenue and AI Orders of $61B Fuel Bullish Outlook
TLDR
- Dell stock is up 350% over the past year, yet analysts still see upside ahead.
- Fiscal Q2 revenue jumped 58% to a record $47 billion; adjusted EPS tripled to $7.04.
- AI server revenue doubled to $16.4 billion, with new orders running at 3.7x that amount.
- Evercore raised its price target to $650 and kept Dell as a top pick.
- Wall Street holds a Moderate Buy consensus with an average price target of $595.17.
Dell stock (DELL) has surged 350% over the past year, yet analysts are not hitting the brakes. After a blowout fiscal second quarter, both the fundamentals and Wall Street sentiment suggest there could be more room to climb.
Fiscal Q2 revenue hit a record $47 billion, up 58% year over year. That beat the $44.9 billion Street consensus comfortably. Adjusted EPS tripled to $7.04, well above the $4.91 estimate. AI server orders reached $60.9 billion, and Dell still finished the quarter with a $95 billion backlog.
Infrastructure Solutions Group (ISG) was the standout. Revenue surged 89% to $31.8 billion, and operating income climbed 225% to $4.8 billion. The segmentโs 15% margin expanded by 620 basis points.
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