Dell Beats Q4 Estimates on AI Server Demand, Guides Higher for Next Year
• Dell reported strong fiscal Q4 results, beating expectations, with revenue of $22.3B and earnings per share of $2.20
• Demand for AI servers soared, with Dell shipping $800M worth last quarter
• The surge in AI servers and expected PC rebound later should drive 3-5% revenue growth next fiscal year to $91-95B
• Dell stock jumped 15% due to the earnings beat and strong guidance
• Dell sees strong enterprise momentum for AI technology across many applications like customer service and assisted tech