Dell Technologies just posted the kind of quarter that makes Wall Street forget about everything else on their screens. Revenue hit $47 billion for fiscal Q2 2027, a 58% jump from the same period a year ago, blowing past analyst expectations of $44.92 billion. Adjusted earnings per share landed at $7.04, which represents a 203% year-over-year increase and similarly embarrassed the consensus estimate of roughly $4.91.
The company responded by doing what any business sitting on a tidal wave of demand would do: it raised guidance. Aggressively. Dell lifted its full-year revenue forecast to $192 billion, up from $167 billion, and bumped its adjusted EPS outlook to $25.50, a dramatic revision from $17.90.
Shares climbed roughly 7% in extended trading on the results and tacked on another few percentage points in premarket the following day, bringing the total move to nearly 10%.
The AI engine behind the numbers
The star of the show was Dell’s Infrastructure Solutions Group, which pulled in $31.8 billion in revenue during the quarter. That’s an 89% increase year-over-year, and $16.4 billion of it came specifically from AI-optimized servers, a category that doubled compared to the prior year.
