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The Zhitong Finance App learned that on Wednesday, Dell Technology (DELL.US) rose more than 4% at the beginning of the session to a record high, and is now at $558.61. According to the news, Dell previously drastically raised its revenue guide for the full year of fiscal year 2027 from about 167 billion US dollars to 1920 billion US dollars, a one-time increase of 25 billion US dollars, an increase of about 69% over the previous year, which is significantly higher than the average analysts' expectations of 173.8 billion US dollars. The company expects full-year non-GAAP earnings per share to reach $25.50, up 148% from the previous year, and also far higher than market expectations of $19.10. Dell Chief Financial Officer David Kennedy said that the reason for the increase in performance guidance is that AI demand is accelerating.
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The Zhitong Finance App learned that on Wednesday, Dell Technology (DELL.US) rose more than 4% at the beginning of the session to a record high, and is now at $558.61. According to the news, Dell previously drastically raised its revenue guide for the full year of fiscal year 2027 from about 167 billion US dollars to 1920 billion US dollars, a one-time increase of 25 billion US dollars, an increase of about 69% over the previous year, which is significantly higher than the average analysts' expectations of 173.8 billion US dollars. The company expects full-year non-GAAP earnings per share to reach $25.50, up 148% from the previous year, and also far higher than market expectations of $19.10. Dell Chief Financial Officer David Kennedy said that the reason for the increase in performance guidance is that AI demand is accelerating.
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