Reported about 20 hours ago
Dell Technologies expects annual profits to exceed Wall Street predictions due to effective cost reductions and an increase in demand for AI-optimized servers, assisted by Nvidia chips. This positive forecast, including an adjusted profit of $9.30 per share for fiscal 2026, has resulted in a 3% rise in its stock after hours. Despite a slight miss in fourth-quarter revenue expectations, Dell's growing backlog for AI server deals and plans for a substantial increase in cash dividends and share repurchase highlight its competitive stance in the evolving tech market.
Source: YAHOO