Dell beats estimates as server sales soar 80%, riding AI wave

Michael Dell at the Allen & Company Sun Valley Conference on July 12, 2024 in Sun Valley, Idaho. Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more than 5% in extended trading. Here's how the company did for the fiscal second quarter vs. LSEG consensus estimates: Revenue: $25.06 billion vs. $24.53 billion expected EPS: $1.89 adjusted, vs. $1.71 expected Net income climbed 85% to $841 million, or $1.17 per share, fro ...