Dell Reports Better-Than-Expected Q4 Results Driven By AI Server Demand

Dell Technologies, Inc. (NYSE:DELL) reported its fourth-quarter financial results after the bell Thursday and highlighted increasing demand for its AI servers. Here’s a look at the highlights.

The Details:

Dell reported quarterly earnings of $2.20 per share which beat the analyst consensus estimate of $1.73 by 27.17%.

Quarterly sales clocked in at $22.3 billion, beating the analyst consensus estimate of $22.16 billion.

Dell highlighted increasing demand for its AI servers and reported servers and networking revenue of $4.9 billion, with sequential growth driven primarily by AI-optimized servers.

“Our …

Full story available on Benzinga.com