Dell Technologies Inc. Earnings Recaps
Q2 2027
Sep 3, 2026
Dell’s shares rose 7.9% following a clear beat on AI and traditional server demand, with record bookings and broad-based revenue growth that outweighed any lingering supply constraints or mixed segment dynamics.
Key takeaways
- Revenue surged 58% year-over-year to $47 billion, driven by record AI and traditional server sales.
- AI orders hit a new high at $60.9 billion in the quarter, contributing to a $95 billion AI backlog.
- Traditional server revenue increased 122%, fueled by strong refresh cycles and expanded use cases tied to AI workloads.
- Operating income for ISG reached $4.8 billion with a 15% margin, reflecting operating leverage amid rising demand.
- Storage showed renewed growth and Client Solutions Group experienced its fastest revenue growth rate in five years.