Dell Technologies has increased its full-year revenue outlook to $111.2 billion - $112.2 billion, a notable rise from the previous projection of $105 billion - $109 billion. This revision is spurred by escalating demand and shipments of AI servers. The company anticipates roughly $25 billion in AI server shipments for fiscal year 2026, marking a 150% increase year-over-year.
Orders for AI servers reached a record $12.3 billion in the last quarter, contributing to an unprecedented $30 billion year-to-date. Dell's AI server backlog hit $18.4 billion. The company's AI solutions are gaining traction across various sectors, including financial services and healthcare.
For the fourth quarter, Dell projects revenue between $31 billion and $32 billion. The company has appointed David Kennedy as its permanent CFO.
