Visitors watch a hologram on the stand of Dell Technologies Inc., on the MWC (Mobile World Congress), the world’s greatest cellular truthful, in Barcelona on March 5, 2025.
Josep Lago | AFP | Getty Images
Shares of Dell Technologies rose 3.5% Tuesday after the company increased its long-term revenue and revenue growth expectations in a gathering with analysts.
The laptop maker stated it now expects annual revenue to broaden between 7% and 9%, a rise from its prior forecast of three% to 4%.
For the total yr, it now expects diluted earnings per share to develop a minimum of 15%, in contrast with its earlier expectations for growth of 8% or greater.
Dell stated it was elevating its steering as it capitalizes on “the unprecedented pace of change in technology,” significantly in synthetic intelligence.
“Customers are hungry for AI and the compute, storage and networking we provide to deploy intelligence at scale,” CEO Michael Dell stated in a press release. “We’re successfully translating that demand into growth and strong cash flow that we’ve largely returned to shareholders.”
The company added that its engineering, deployment, ecosystem and different providers “position it as the AI infrastructure solutions leader.”
Dell additionally reiterated its third-quarter and financial 2026 forecasts. The company stated in its latest earnings report in August that it plans to ship $20 billion of AI servers in its fiscal 2026, double what it offered final yr.
Dell is considered one of Nvidia’s key customers. Dell buys chips from the AI chief and builds computer systems round them, which it sells to end-users such as CoreWeave, a cloud service, and Elon Musk’s AI startup xAI.
— CNBC’s Kif Leswing contributed to this text.