Feb. 27 at 9:09 PM
$DELL "Dell Technologies (DELL) shares surged 21.9% to
$148.08 on February 27, 2026, following a "knockout" fourth-quarter earnings report that blew past Wall Street expectations. The rally was fueled by explosive demand for AI-optimized servers and an exceptionally strong revenue outlook for the coming year. Dell reported
$34.1 billion in AI server orders for Q4, ending the quarter with a record
$43 billion backlog. AI server shipments hit
$9.5 billion in the quarter alone, a massive 342% increase year-over-year.
Management forecasted fiscal 2027 revenue between
$138 billion and
$142 billion, significantly higher than the
$124.7 billion analysts had expected. The company expects AI server revenue to double to roughly
$50 billion in the next fiscal year.
Dell announced a 20% increase in its cash dividend and authorized an additional
$10 billion for its share repurchase program. Adjusted earnings per share (EPS) came in at
$3.89, beating the consensus estimate of
$3.53 by nearly 10%."
