Dell surges 9% after lifting fiscal 2027 forecast on AI server strength

Dell Technologies reported financial results that exceeded Wall Street expectations, prompting a 9% stock price increase in extended trading on Tuesday. The company’s fiscal second-quarter revenue grew approximately 58% year over year to an amount higher than all analyst estimates, with the quarter ending on July 31. Net income reached $4.13 billion, or $6.34 per share on an adjusted basis, compared with $1.16 billion, or $1.70 per share, in the corresponding period a year earlier.
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