ROUND ROCK (dpa-AFX) – Driven by the boom in artificial intelligence (AI), the US computer company Dell is expecting an even better financial year than experts had already expected. Sales of AI servers will be $60 billion in 2026/27, the company announced on Thursday after the New York stock market closed. The forecast had previously been ten billion dollars lower. Overall, Dell now expects revenues to be between $165 and $169 billion, up from $138 to $142 billion previously. The experts, who have seen Dell as one of the AI winners for some time, are currently expecting the upper end of the old range.
Dell also became more optimistic about earnings per share. The company now expects a mid-range of $17.9, five dollars more than before. Analysts are still expecting $13.14.
In the first quarter, sales of AI servers jumped 757 percent to $16.1 billion compared to the same period last year. The revenues of the corresponding ISG division also increased by 181 percent to a record level. In contrast, the actually very decent increase in sales in the CSG division, which also includes personal computers, faded from 17 percent to $14.6 billion. The bottom line was that profit increased by 256 percent to $3.4 billion. Dell also significantly exceeded market expectations with its quarterly figures.
Investors were enthusiastic. The company’s shares jumped as much as a fifth in after-hours trading. It had already reached a record high again in regular business. The increase since the beginning of the year is a good 150 percent, the S&P 500 only has 10.5 percent. In terms of market value, at $206 billion based on Thursday’s closing price, Dell is still a dwarf compared to the top dogs in the technology industry. Some of them, such as Microsoft and Alphabet (Alphabet C (ex Google)), are already in the range of several trillion dollars./he
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