Dell Technologies (DELL) Stock: What Wall Street Expects from Earnings Tuesday
TLDR
- Dell reports Q2 fiscal 2027 earnings on September 1
- DELL stock is up 272% year-to-date, driven by AI server demand
- Q2 revenue guidance is $44B-$45B, around 50% year-over-year growth
- Q2 EPS expected at ~$4.80, representing over 100% year-over-year growth
- Wall Street holds a Moderate Buy consensus with an average price target of $519.36, implying ~11% upside
Dell Technologies (DELL) is set to report its second-quarter fiscal 2027 results on September 1. The stock has climbed 272% year-to-date, fueled by strong demand for AI servers and data center infrastructure.
Dell guided Q2 revenue of $44 billion to $45 billion, representing roughly 50% year-over-year growth at the midpoint. That kind of number would have seemed impossible not long ago.
The Infrastructure Solutions Group (ISG) is expected to carry the load again. AI server demand is coming from enterprises, neocloud providers, and sovereign customers, broadening the base beyond any single segment.
In Q1, Dell booked $24.4 billion in AI orders and recognized $16.1 billion in AI server revenue. The company ended the quarter with a record $51.3 billion AI backlog, with its pipeline running several times larger than that.
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