(Sharecast News) - Dell Technologies posted its strongest revenue growth since returning to public markets on Thursday, comfortably beating Wall Street expectations and sending shares as much as 39% higher in extended trading.
Adjusted earnings came in at $4.86 per share, well ahead of the $2.94 consensus, while revenue jumped 88% year‑on‑year to $43.84bn, smashing forecasts of $35.43bn, with the surge driven by booming demand for artificial‑intelligence infrastructure, with AI server revenue rising 757% to $16.1bn. Dell now expects full‑year AI revenue of around $60bn, up from previous guidance of $50bn.

Dell's Client Solutions Group, which includes PCs and accessories, delivered a 17% rise in revenue to $14.6bn, also ahead of expectations, while overall net income more than tripled to $3.44bn from $965m a year earlier, helped in part by price increases introduced in January amid a global memory shortage.

Looking ahead, Dell guided for second‑quarter adjusted earnings of $4.80 per share on revenue of $44bn to $45bn, well above analyst estimates, and also raised its FY27 outlook, projecting adjusted earnings of $17.90 per share and revenues of $165bn to $169bn - though it did warn of supply constraints later in the year across memory, processors and other components.

As of 1055 BST, Dell shares were up 38.78% higher at $440 each.









Reporting by Iain Gilbert at Sharecast.com

• News Channel