Dell stock surges 10% on record $60.9 billion AI server orders

September 2, 2026 at 01:56 AM1 min

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Dell Technologies stock surged as much as 10% in after-hours trading on Tuesday after the company reported record fiscal 2027 second-quarter revenue and raised its full-year guidance. The company booked a record $60.9 billion in AI server orders and exited the quarter with a record $95 billion backlog. The surge came even as peer Hewlett Packard Enterprise also jumped in after-hours trading.

Key Facts

Dell Technologies booked a record $60.9 billion in AI server orders in its fiscal 2027 second quarter.
The company exited the quarter with a record $95 billion backlog.
Dell posted record revenue of $47 billion, up 58% year over year.
Adjusted earnings per share rose 203% to $7.04.
Dell raised its full-year fiscal 2027 revenue outlook by $25 billion to $192 billion.

Record AI Server Orders

Dell Technologies said it booked a record $60.9 billion in AI server orders during the quarter. The company exited the quarter with a record $95 billion backlog. Dell also saw growth in its traditional servers, networking, and storage businesses.

Financial Results

Dell posted record revenue of $47 billion, up 58% year over year. Earnings per share came in at $6.34, up 273% from a year ago. Adjusted earnings rose 203% to $7.04 per share. CEO Jeff Clarke said the company is raising its full-year fiscal 2027 revenue outlook by $25 billion to $192 billion, up nearly 70% year over year.

Market Reaction

Dell stock surged as much as 10% in after-hours trading on Tuesday. Dell stock is up more than 230% year-to-date. Peer Hewlett Packard Enterprise, which has moved up 110% since the start of the year, also jumped in after-hours trading.