Dell reports strong Q2 earnings, fueled by 80% growth in server revenue and AI demand.
Stock Earnings Results
September 3, 2024
Dell Technologies reported better-than-expected second-quarter earnings, driven by a surge in AI server demand.
Revenue rose 9% year-over-year to $25 billion, surpassing analyst forecasts. Server and networking revenue jumped 80% to a record $7.7 billion, with AI-optimized server demand increasing 23% sequentially.
Dell’s infrastructure solutions group saw a 38% rise in revenue to $11.6 billion, though client solutions group revenue fell 4%. Dell finished the week up over 3%.
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