Sep. 23 at 8:10 PM
Goldman Sachs said hardware companies are seeing measurable financial benefits from AI as adoption expands beyond productivity tools into revenue-generating workflows. At its Technology + Communacopia 2026 conference, seven companies said they are deploying AI across coding, product development, manufacturing, customer service, supply chains, pricing and sales.
NetApp said 13 of roughly 400 AI initiatives are already contributing positively to its P&L, while Dell said redesigning workflows around AI and agents has helped lower operating expenses to about 8% of revenue in fiscal 2027 estimates, versus a historical average of around 15%.
The companies are increasingly using hybrid AI architectures, with open-source models for high-volume inference and advanced models for more complex tasks. Goldman said adoption remains early but is beginning to generate measurable financial benefits and operating leverage.
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