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Dell Technologies lifts fiscal year revenue guidance to $192 billion

9/1/2026

The enterprise hardware sector is registering a fresh signal on AI infrastructure demand.

Dell Technologies has raised its fiscal year revenue guidance to $192 billion, up from a prior range of $165 billion to $169 billion, while lifting its AI-optimized server revenue outlook to $74 billion from roughly $60 billion.

For the third quarter, Dell projects revenue of $49 billion against an analyst expectation of $41.91 billion. The gap suggests AI infrastructure demand is arriving earlier in the cycle than consensus models assumed.

Where the AI capex cycle stands Enterprise buyers are allocating capital to AI-ready hardware at a pace that earlier fiscal-year forecasts did not capture.

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