Dell Technologies reported $60.9 billion in AI server orders for its fiscal second quarter, a figure that helped server revenue double from a year earlier. The company also lifted its full-year revenue outlook to $192 billion.
The AI order book
The $60.9 billion in orders represents demand for servers built to handle AI workloads. Dell's server revenue doubled year over year in the quarter, a sign that the company is converting that demand into sales. The company didn't break out how much of the order book has already shipped, but the revenue figure suggests a strong pipeline.
Guidance raised to $192 billion
Dell now expects full-year revenue of $192 billion, up from its previous forecast. The increase reflects the company's confidence that AI server demand will keep flowing through the rest of the fiscal year. The raised guidance also implies that the second-quarter order pace isn't a one-off.
The company's fiscal year runs through late January, so the raised target covers the next two quarters. Dell's server business has become a key growth driver as businesses and cloud providers build out AI infrastructure.
Dell's next earnings report will show whether the order momentum holds. The company's raised guidance suggests it expects the pace to continue, but the actual conversion of orders to revenue will be the test.
