DELL
Dell’s still in its “don’t call it a comeback” era
Dell Technologies rolled out fiscal 2027 second-quarter results, and the headline numbers are doing a lot of heavy lifting. Revenue hit a record $47.0 billion, up 58% from a year ago, while diluted EPS landed at a record $6.34. If you strip out the accounting goggles and look at non-GAAP EPS, Dell posted $7.04 — also a record — up 203% year over year.
That’s not a sleepy hardware update. That’s a company telling Wall Street the AI/data-center era is still feeding the beast.
The part investors actually care about
The real sauce here isn’t just the quarter itself. Dell also said cash flow from operations came in at $2.2 billion and raised the ceiling on the full year.
- Full-year FY27 revenue guidance: $192.0 billion
- That implies management thinks the demand party isn’t ending anytime soon
- Translation: the server/enterprise spending machine is still open for business
In other words, Dell isn’t just selling boxes. It’s selling the picks and shovels for the AI gold rush, and those picks and shovels are apparently moving in bulk.
Why this matters for your portfolio
When a mature tech name prints record revenue and record EPS in the same breath, investors tend to perk up. It can signal stronger enterprise demand, healthier margins, or both — and it gives the stock a fresh excuse to keep the rally story alive.
Big picture: Dell just handed the market a pretty loud reminder that old-school infrastructure companies can still look very new when AI spending is doing the heavy lifting.