Dell Technologies(US:DELL) Jin Rong Jie·2026-02-26 23:01Group 1 - Dell Technologies reported record high core metrics for Q4 and the full fiscal year 2026, with a net revenue of $33.38 billion, significantly exceeding the expected $31.74 billion [1] - The Infrastructure Solutions Group contributed $19 billion in revenue, with AI-related business showing remarkable performance: AI server shipments reached $9.5 billion, revenue from AI-optimized servers was $9 billion, and AI orders totaled $34.1 billion, with backlog reaching a historic high of $43 billion [1][2] - For the full fiscal year 2026, Dell's revenue reached $113.5 billion, a 19% year-over-year increase, with diluted earnings per share at $8.68, up 36%, and operating cash flow at $11.2 billion, all setting company records [1] Group 2 - Dell Technologies announced a 20% increase in annual cash dividends and a new $10 billion stock buyback authorization, indicating a commitment to enhancing shareholder returns [1] - The company provided a strong outlook for fiscal year 2027, projecting revenue between $138 billion and $142 billion, significantly higher than the previous expectation of $126.28 billion, with AI-optimized server revenue expected to reach approximately $50 billion [1] - In Q1 of fiscal year 2027, Dell anticipates revenue between $34.7 billion and $35.7 billion, also exceeding the previous expectation of $29.3 billion [1]