Dell Technologies booked a record $60.9 billion in AI server orders during its fiscal second quarter, pushing its AI-optimized server backlog to an all-time high of $95 billion — nearly double the $51.3 billion reported just one quarter earlier.
The company posted record quarterly revenue of $47.0 billion, up 58% year-over-year, and non-GAAP diluted earnings per share of $7.04, up 203% from a year ago. AI server revenue alone doubled to $16.4 billion. Both figures beat Wall Street estimates by wide margins.
Management said demand is broadening beyond hyperscale cloud providers into sovereign AI projects and enterprise customers, with more than 6,500 customers now buying AI infrastructure from Dell. The company raised its full-year revenue guidance by $25 billion to $192 billion and lifted its AI server revenue outlook to roughly $74 billion for fiscal 2027.