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2026-09-03 11:49:16 G Sachs issued a report stating that Dell Technologies Inc. (DELL.US) reported results for 2QFY2027, with non-GAAP EPS of USD7.04, above the broker's and market expectations and also better than company guidance, mainly driven by enterprise hardware refresh demand and AI demand, with revenue and margins both beating expectations. The broker noted that Infrastructure Solutions Group (ISG) revenue rose 89% YoY, outperforming guidance for 75% growth. Margins for Client Solutions Group (CSG) and ISG reached 7.6% and 15%, respectively, above the broker's previous forecasts. Enterprise customers continued upgrading aging server installations, while new demand for data center infrastructure supporting agentic AI and inference workloads lifted the outlook for traditional servers and storage. AI server orders reached USD60.9 billion, with backlog at USD95 billion. The company raised FY2027 guidance, with revenue midpoint at approximately USD192 billion and non-GAAP EPS midpoint at around USD25.5. G Sachs raised its FY2027-FY2029 EPS forecasts for Dell Technologies Inc. (DELL.US) by an average of 38%, reiterated the Buy rating, and lifted the TP from USD510 to USD570. (ha/a)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |