Dell Technologies (DELL) reported significant growth in its AI infrastructure business, with more than $64 billion in AI-optimized server orders and over $25 billion in shipments for fiscal 2026. The company ended the year with a record backlog of $43 billion, serving over 4,000 AI customers globally. Projected AI server revenues are expected to surpass $50 billion in fiscal 2027, reflecting over 100% year-over-year growth.
In contrast, Apple (AAPL) anticipates growth driven by strong iPhone 17 sales and new features that enhance user experience, contributing to a fiscal 2026 earnings estimate of $8.50 per share—up 0.7% over the past 30 days. Apple’s services segment growth, particularly with Apple Pay and Apple TV+, continues to expand its user base.
Year-to-date, DELL shares have outperformed, returning 68.7%, while AAPL shares have seen a decline of 2.1%. Dell’s forward 12-month Price/Sales ratio stands at 0.97, significantly lower than Apple’s 8.09, suggesting a more attractive valuation for investors focusing on enterprise AI and data centers.
