Overview
- Dell reported fourth-quarter revenue of $33.4 billion and adjusted EPS of $3.89, topping estimates on both metrics.
- The company guided fiscal 2027 revenue to $138 billion–$142 billion with adjusted EPS of $12.90 and projected AI server sales of about $50 billion.
- Dell said it serves more than 4,000 AI server customers, naming xAI and CoreWeave, and recorded $9.0 billion in Q4 AI server revenue, a $43 billion backlog, over $64 billion in annual AI orders, and more than $25 billion shipped.
- Shareholder returns expanded with a 20% dividend increase and an additional $10 billion share repurchase authorization.
- Shares jumped between roughly 11% and 22% from after-hours through Friday trading as brokers raised targets, while soaring DRAM and NAND costs, recent price increases, and concern about pulled‑forward demand flagged risks to margins and sustainability.