Dell Stock: Wall Street Raises Targets After Earnings Demolish Expectations
TLDR
- Dell reported July-quarter revenue of $46.97 billion, up 58% year-over-year, beating estimates of $44.89 billion
- Adjusted EPS of $7.04 crushed the $4.91 consensus estimate
- AI server orders hit $61 billion, pushing the total AI backlog to approximately $95 billion
- Dell raised FY27 revenue guidance to approximately $192 billion and non-GAAP EPS guidance to $25.50
- Multiple analysts raised price targets, including JPMorgan to $635 and Mizuho to $600, with a consensus “Moderate Buy” rating
Dell Technologies (DELL) stock jumped roughly 7% intraday after the company posted one of its strongest quarters on record. The stock traded as high as $534.99 before settling around $525.66, on volume roughly 30% above its daily average.
Revenue for the July quarter came in at $46.97 billion, up 57.7% year-over-year, well ahead of the $44.89 billion Wall Street had expected. Adjusted EPS of $7.04 beat the consensus of $4.91 by more than two dollars.
Growth was broad across the business. Traditional Server and Networking surged 122%, AI servers grew 100%, Storage rose 26%, and the PC segment (CSG) gained 20%.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
