Dell Raises Full-Year Revenue Outlook to $192 Billion as AI Server Demand Accelerates

Dell Technologies dramatically lifted its fiscal 2027 guidance after posting record quarterly results, now forecasting annual revenue of approximately $192 billion, up from its May outlook of roughly $167 billion and well above the analyst consensus of $173.8 billion. The company raised its AI server revenue target to about $74 billion for the fiscal year ending January 2027, a figure that represents a tripling of the business compared with the prior fiscal year. Just six months ago, in February 2026, Dell had projected that AI server revenue would only double.

The upgraded outlook reflects sustained and accelerating demand from data center operators building out AI infrastructure. Dell also raised its adjusted earnings per share guidance to $17.90, up from a prior figure of $12.90. Shares surged as much as 10% following the announcement, extending a strong run for the stock tied to the broader AI infrastructure buildout.