Dell gains after lifting annual revenue forecast by $25 billion

Dell Technologies

02/09/2026 09:10

** Shares of cloud and client computing firm Dell Technologies DELL.N rise nearly 10% to $467.04 premarket
** Co on Tuesday boosted its annual revenue forecast by $25 billion and raised its profit outlook again, driven by strong AI server demand
** J.P.Morgan says recent results and guidance support stronger medium-term growth, driven by AI, infrastructure upgrades and rising long-term customer commitments
** The servers, equipped with Nvidia's NVDA.O chips, are sought by clients including AI cloud providers Nscale and CoreWeave CRWV.O to build computing clusters for training and running AI models
** Melius Research sees no reason Dell's Infrastructure Solutions Group (ISG) cannot grow at a pace similar to Nvidia's expected 70% revenue growth
**  Co posted Q2 revenue of $47 billion; analysts on average expected $44.92 billion, as per data compiled by LSEG
** As of the last close, DELL is up about 237.3% this year

(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh)))