Dell, 1quarterly revenue of 438.4billion dollars in AI revenue of 161billion dollars
Dell shares rose 38% in premarket trading. The company reported 1quarterly revenue of 438.4billion dollars and AI revenue of 161billion dollars, and set its annual revenue guidance at 1,650billion to 1,690billion dollars.
Dell Technologies' shares rose 38% in premarket trading. The price move came immediately after the company's 1quarterly earnings announcement. Trading was active on the morning of 5 in local time on 29.
The company reported 1quarterly revenue of 438.4billion dollars and adjusted earnings per share of 4.86dollars. Both figures exceeded market expectations. The company disclosed the figures in its earnings release.
The company set its annual revenue guidance at 1,650billion to 1,690billion dollars. The company said it had updated its guidance figures. The guidance change is reflected in its annual earnings outlook.
Adjusted earnings per share guidance was set at per share 17.90dollars. The company said demand for AI servers was record-setting. The presentation highlighted achievements related to its AI business.
According to the company's announcement, 1quarterly AI-related revenue was 161billion dollars, and AI-related backlog was 513billion dollars. This backlog was presented as a basis for future server shipments. The announcement included details on backlog and the share of revenue.
Infrastructure Solutions Group revenue was 290billion dollars, setting a quarterly record. The company disclosed that semiconductor supply constraints exist. The earnings announcement noted that supply constraints could affect future shipment schedules.
Sources: Benzinga
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