Dell Technologies Exceeds Earnings Expectations
Dell Technologies (DELL) reported earnings per share of $7.04 on Tuesday night, significantly surpassing the Zacks Consensus Estimate of $4.97 by 41.65%. The company has consistently beaten earnings estimates, achieving this in 18 of the past 20 quarters. Dell’s revenue soared by 89% year over year, with record performances in AI server, traditional server/networking, and storage revenue.
Strong Growth Prospects Ahead
During the earnings call, Dell’s management projected rapid growth in AI-related demands, expecting inference to increase to 3,600 quadrillion tokens by 2030, with AI expected to comprise 75% of all data center demand by the same year. Analysts share this optimism, forecasting that both revenue and earnings per share will double by 2028, indicating robust long-term growth potential for the company.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
