On September 2, Dell Technologies Inc. rose 8.69% in regular trading, trading at $468.244/share, with turnover of $1.034 billion. The surge follows the company's blockbuster fiscal Q2 2027 earnings report released after the prior session's close.

Dell posted Q2 revenue of $46.97 billion, up 58% year-over-year, beating the consensus estimate of approximately $44.95 billion. Non-GAAP EPS came in at $7.04, soaring 203% year-over-year and exceeding the $4.91 estimate by 43%. AI-optimized server revenue reached $16.4 billion, doubling year-over-year, with backlog surging to $95 billion. The company raised its full-year revenue guidance by $25 billion to $192 billion, far above the Street's $174 billion estimate, and lifted full-year non-GAAP EPS guidance to $25.50 versus the $19.10 consensus. Q3 revenue is guided at $49 billion with adjusted EPS of $6.50, well above the $4.46 estimate. Management noted full-year operating expense ratio is projected at roughly 8% of revenue, a 42-year company low. Goldman Sachs raised its target price to $570 following the results.

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