Dell stock pops as company ups long-term revenue growth expectations
Visitors will visit Dell Technologies Inc. at MWC (Mobile World Congress), the world’s largest mobile trade show, in Barcelona on March 5, 2025. He watches a hologram in his booth.
Josep Lago | AFP | Getty Images
shares Dell Technologies Tuesday after company 2% 2% augmented Long-term revenue and profit growth expectations in a meeting with analysts.
The computer maker said it now expects annual revenue to expand between 7% and 9%.
For the full year, diluted earnings per share are now expected to grow at least 15%, compared to expectations for growth of 8% or higher.
Dell said it increased its guidance as it benefits from an “unprecedented pace of change in technology,” particularly in artificial intelligence.
“Customers are hungry for AI, and the compute, storage and networking we provide to scale intelligence,” CEO Michael Dell said in a statement. he said. “We are successfully translating this demand into growth and strong cash flow, which we return largely to shareholders.”
The company added that its engineering, deployment, ecosystem and other services “position it as the leader in AI Infrastructure Solutions.”
Dell also reiterated its third quarter and fiscal 2026 forecasts. The company said in its last earnings report in August that it plans to ship $20 billion worth of AI servers in fiscal 2026, double what it sold last year.
Dell is one of Nvidia’s key customers. Dell buys chips from the AI leader and builds computers around them that it sells to end users. Sunflower seeda cloud service and Elon Musk’s AI Startup Xai.
— CNBC’s Kif Leswing contributed to this article.
