Corrected: BUZZ-Dell jumps after raising annual forecasts on strong demand for AI servers

Dell Technologies

01/09/2026 21:47

Corrects stock year-to-date movement in last bullet
** Shares of Dell Technologies DELL.N rise ~10% to $469 in extended trading
** DELL raises annual forecasts banking on strong demand for its AI servers
** Expects full-year revenue to be $192 billion now, up from prior forecast of $167 billion
** Raises FY adjusted earnings per share view to $25.50 from $17.90 earlier
** Posts Q2 revenue of $47 billion; analysts on avg expected $44.92 billion, as per data compiled by LSEG
** Q2 adjusted EPS of $7.04 tops est. of $4.91
** "IT environments have shifted from cost centers to value drivers that fuel growth and competitive advantage, and customers are investing accordingly – creating opportunity across our portfolio," - COO Jeff Clarke
** Up to last close, stock more than tripled YTD
     

 (Reporting by Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))