Dell Technologies delivered record-breaking Q2 results, fueled by $130 billion in cumulative AI server orders and strong demand across its traditional server and storage portfolios.
Dell Technologies reported record-breaking Q2 results with $47 billion in revenue, a 58% year-over-year increase, driven by massive demand for AI-optimized infrastructure and traditional server refreshes. The company's ability to leverage its supply chain and engineering expertise has resulted in over $130 billion in AI server orders over the past 12 months and a record $95 billion AI backlog, signaling sustained operational momentum.
Dell exited the second quarter with a record $95 billion AI backlog.
Storage revenue grew 26%, marking the sixth consecutive quarter of demand growth above the market, driven by Dell IP products like PowerStore and PowerScale.
NVIDIA's ecosystem remains central to Dell's growth, as evidenced by Dell becoming the first to ship rack systems engineered on the NVIDIA Vera Rubin platform. This partnership highlights the deep integration of NVIDIA's high-performance AI hardware into Dell's enterprise-scale infrastructure offerings, reinforcing NVIDIA's dominant position in the AI compute market.
Dell highlighted its role as the first company to ship rack systems engineered on the NVIDIA Vera Rubin platform, showcasing the latest in AI infrastructure technology.
Dell Technologies posted record Q2 fiscal 2027 results, with revenue surging 58% to $47 billion and EPS jumping 203%. The company reported a massive $60.9 billion in new AI server orders, bringing its total AI backlog to $95 billion as it continues to lead in infrastructure modernization and NVIDIA-based rack system deployments.
The growth was primarily driven by a 58% increase in total revenue, bolstered by massive demand for AI-optimized infrastructure, a 122% jump in traditional server sales, and strong performance in the storage and PC segments.