"Infrastructure Solutions Group revenue grew 73% to $19.6 billion, the clearest sign yet that AI server demand is moving from backlog to billings. Management issued a bullish FY27 outlook. Dell also disclosed a $43 billion AI server backlog, providing concrete visibility into next year's ramp."
"CEO Jeff Clarke framed the quarter around demand outpacing prior expectations, pointing to the scale of AI orders booked and shipped as evidence the company is converting its infrastructure position into durable revenue. The $43 billion AI server backlog gives that confidence a quantitative anchor."
"Revenue of $4.651 billion beat the $4.532 billion consensus by 2.62%, and non-GAAP EPS of $4.15 cleared the $3.68 estimate by nearly 13%. Operating income expanded 44% year over year, and the Online Ecosystem segment grew 21%, led by QuickBooks Online."
"Q3 non-GAAP EPS guidance of $12.45 to $12.51 came in below the consensus near $12.97, and the full-year outlook was reiterated at levels slightly below analyst models."
Dell Technologies delivered exceptional Q4 results and FY27 outlook, with Infrastructure Solutions Group revenue growing 73% to $19.6 billion, demonstrating AI server demand shifting from backlog to actual billings. The company disclosed a $43 billion AI server backlog, providing visibility into next year's growth. CEO Jeff Clarke emphasized demand exceeding expectations and successful conversion of infrastructure position into revenue. Stock rose 11.6% in premarket trading. Intuit beat both revenue and earnings expectations with Q2 revenue of $4.651 billion and non-GAAP EPS of $4.15, with operating income expanding 44% year-over-year. However, Q3 and full-year guidance fell below analyst consensus, disappointing investors despite strong quarterly performance. Intuit shares declined 4% in premarket trading.
Read at 24/7 Wall St.
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