Dell forecasts fiscal 2027 revenue above estimates on rising AI server demand
Dell forecast fiscal 2027 revenue above Wall Street estimates on Thursday, betting on growing demand for its artificial intelligence-optimized servers, sending its shares up around 11% in extended trading.
The company also announced a 20% hike in its cash dividend and an additional $10 billion for its share repurchase program.
Big Tech firms, such as Alphabet, Microsoft, Amazon and Meta, are expected to spend at least $630 billion to build AI infrastructure this year, which would boost demand for vendors like Dell and rival Super Micro Computer.
