智通财经网·2025-10-07 13:40Core Insights - Dell Technologies (DELL.US) has nearly doubled its revenue and profit growth expectations for the next two years, driven by demand for artificial intelligence (AI) products, with projections extending at least until fiscal year 2030 [1] - The company's stock rose approximately 6% following this announcement [1] Financial Projections - Dell's long-term financial framework anticipates an annual revenue growth rate of 7% to 9% over the next four years, with adjusted earnings per share (EPS) growth of no less than 15% [1] - In contrast, the company previously projected a revenue growth rate of 3% to 4% and an adjusted EPS growth of no less than 8% for 2023 [1] AI Market Impact - The COO, Jeff Clarke, noted that the AI market's scale was previously underestimated, and it continues to expand [1] - Dell's infrastructure division has significantly benefited from AI server demand, with clients including CoreWeave and x.AI, as well as partnerships with government and institutional clients [1] Profitability Challenges - Despite the positive outlook for AI server revenue, the costs associated with rapidly deploying new chip equipment are eroding profit margins [2] - The infrastructure division reported an operating profit margin of 8.8% in Q2, which was below analyst expectations [2] Order and Shipment Data - In Q2 of fiscal year 2025, Dell recorded $5.6 billion in AI server orders, a decrease from $12.1 billion in the previous quarter, with AI server shipments totaling $8.2 billion and a backlog of $11.7 billion [2] PC Business Strategy - Dell's stock has increased by 26% year-to-date, driven by strong server performance [3] - The company plans to address market share losses in the PC sector, particularly in the consumer and mid-range device markets, where it has struggled to meet buyer demand [3] Future Commitments - Dell has committed to increasing its quarterly dividend by 10% or more annually through fiscal year 2030 and reaffirmed its financial forecasts for the current quarter and fiscal year ending January 2026 [3]