Dell Technologies Inc. (NYSE: DELL) reported a strong fiscal Q4 2026 earnings on February 26, leading to a 20% increase in share price. The company achieved earnings per share (EPS) of $3.89 and revenue of $33.48 billion, surpassing analyst expectations and marking nearly 40% year-over-year growth. The revenue figure set a quarterly record, revitalizing investor confidence in the stock.
Key highlights from the earnings report include the Infrastructure Solutions Group (ISG) generating over $19.6 billion in sales, an increase of more than 70% year-over-year, and AI server revenue reaching $9 billion, showcasing a remarkable 340% increase. The Client Solutions Group (CSG) also bounced back with $13.5 billion in revenue, a 14% year-over-year increase. For FY2027, Dell forecasted a revenue midpoint of $140 billion, indicating another projected 20% growth.
Despite potential overheads from rising memory costs, Dell’s strong order backlog of $43 billion in AI servers suggests a sustainable growth trajectory. The company also announced a 20% increase in dividends and a new $10 billion share repurchase program, reinforcing its commitment to return value to shareholders.
