Dell Technologies(US:DELL) 智通财经网·2026-02-27 13:41Core Viewpoint - Dell Technologies (DELL.US) reported better-than-expected earnings and guidance, leading to a significant pre-market stock price increase of over 15% [1] Group 1: Earnings and Guidance - Dell's adjusted earnings per share (EPS) for Q1 FY2027 is projected to be $2.90, with sales expected between $34.7 billion and $35.7 billion, including $13 billion from AI server revenue, which was unexpected by Bank of America [1] - The company raised its EPS growth forecast for FY2027 to 25%, contrary to investor expectations of a reduction from the previously communicated 15% growth [2][3] - Dell's Infrastructure Solutions Group (ISG), which includes AI server business, is expected to grow sales by approximately 40%, driven by a 100% increase in AI server revenue [2] Group 2: Analyst Ratings and Price Targets - Bank of America analyst Mohan reiterated a "Buy" rating on Dell, raising the price target from $135 to $155 [2] - JPMorgan analyst Samik Chatterjee praised Dell's performance and increased the price target from $155 to $165, highlighting the company's ability to navigate significant cyclical headwinds [2] - Morgan Stanley analyst Eric Woodlin maintained a cautious stance, predicting a lower EPS of $10.97 compared to management's guidance of $12.90, while still acknowledging strong demand for AI servers [3] Group 3: AI Server Business Insights - Dell's AI server backlog includes significant orders, particularly from Grace Blackwell, with potential orders for Vera Rubin also noted [4] - The AI server business is expected to contribute approximately $2.80 to EPS in FY2027, with projected revenues of $2 billion to $2.5 billion from these orders [4]