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Dell Raises Revenue Forecast Amid Surge in AI Server Orders

11/26/2025

32 7 Full Breakdown

Summary

Story summary

Dell Technologies raised its full-year revenue forecast to $111.2–$112.2 billion, up from $105–$109 billion, as AI server orders reached $12.3 billion and the backlog grew to $18.4 billion.
In Q3, revenue was $27.01 billion.
The company posted adjusted earnings per share of $2.59.
For Q4, revenue guidance is $31–$32 billion, above consensus of $27.59 billion, and the company aims to mitigate pricing impact from memory costs.

History

Historical Context

The global semiconductor shortage, which began in 2020, severely affected technology firms like Dell Technologies, leading to a 12% revenue decline in 2021. As the semiconductor market reached $500 billion, Dell's recovery in 2023, with a revenue forecast of $111.2–$112.2 billion, highlights the increasing demand for AI technology, marking a significant shift in the industry towards advanced computing solutions.

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Story summary

Dell Technologies raised its full-year revenue forecast to $111.2–$112.2 billion, up from $105–$109 billion, as AI server orders reached $12.3 billion and the backlog grew to $18.4 billion.
In Q3, revenue was $27.01 billion.
The company posted adjusted earnings per share of $2.59.
For Q4, revenue guidance is $31–$32 billion, above consensus of $27.59 billion, and the company aims to mitigate pricing impact from memory costs.

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