Dell Technologies(US:DELL) Zhi Tong Cai Jing·2026-02-27 14:48Core Viewpoint - Dell Technologies (DELL.US) experienced a significant stock increase of over 16%, reaching a new high for the year, driven by strong demand for AI servers and a financial outlook that exceeded Wall Street expectations [1] Financial Performance - In the fourth quarter, Dell reported a total revenue growth of 39% year-over-year, reaching a record $33.4 billion, surpassing market expectations of $31.73 billion [1] - The adjusted earnings per share (EPS) for the fourth quarter were $3.89, exceeding the anticipated $3.53 [1] Future Outlook - For the fiscal year 2027, Dell provided an optimistic revenue forecast, expecting total revenue between $138 billion and $142 billion, significantly higher than analyst predictions of $125.54 billion [1] - The adjusted EPS for fiscal year 2027 is projected to be $12.90, also above the expected $11.59 [1] Shareholder Returns - The company announced a 20% increase in cash dividends and authorized an additional $10 billion stock buyback program [1] AI Server Market - Dell anticipates that AI server revenue will reach approximately $50 billion in the current fiscal year ending January 2027, representing a year-over-year growth of 103% [1] - The COO of Dell, Jeff Clarke, highlighted that the opportunities presented by AI are reshaping the company, with a record backlog of $43 billion in orders demonstrating the effectiveness of their engineering leadership and differentiated AI solutions [1]