Feb. 27 at 10:48 PM
Dell shares soared 22% on Friday after the company beat fiscal fourth-quarter estimates and issued strong guidance, as a historic memory shortage puts pressure on prices in the sector.
Dell reported adjusted earnings of
$3.89 per share, exceeding the
$3.53 per share expected by analysts surveyed by LSEG. The company posted
$33.38 billion in revenue for the quarter, topping a forecast of
$31.73 billion.
The company estimates fiscal 2027 revenue will come in between
$138 billion and
$142 billion, blowing away the
$124.7 billion expected by Factset.
Dell expects revenue for its artificial intelligence servers to hit
$50 billion in 2027, more than double the year prior.
$DELL