New York, Feb 28, 2026, 11:16 EST — The market is closed.
- Dell surged 21.9% at Friday’s close, following a big bump in its fiscal 2027 outlook.
- The company cited its $43 billion backlog for AI servers, along with increased capital returns.
- Now, investors are watching for execution risks and supply constraints, with next week’s U.S. jobs report also on their radar.
Dell Technologies surged 21.93% on Friday—its sharpest single-day jump in months—as the company raised its full-year outlook, citing a pickup in demand for servers tailored to AI. StockAnalysis
This spike arrives as U.S. tech stocks take a beating this week, but hardware names are muscling their way back into the AI spotlight. Right now, investors want firms that can actually convert AI hype into revenue now—not blue-sky projections. ETTelecom.com
The competitive lines just got clearer. Major cloud and tech companies are set to ramp up spending on AI infrastructure this year, putting the spotlight on suppliers able to deliver large volumes quickly. ETTelecom.com
Dell outlined its latest results and forecasts in a Feb. 26 SEC filing. For the fourth quarter, revenue hit $33.379 billion—a 39% jump from the same period last year. Non-GAAP diluted EPS came in at $3.89, which strips out specific items. SEC
Dell is projecting fiscal 2027 revenue somewhere between $138 billion and $142 billion, with management pegging AI-optimized server sales at roughly $50 billion for that year. For the first quarter, the company expects revenue to land in a range of $34.7 billion to $35.7 billion. SEC
Dell vice chairman and COO Jeff Clarke called the AI wave a transformation for the company, highlighting over $64 billion in AI-optimized server orders on the books. He also flagged a “record backlog of $43 billion” heading into fiscal 2027. SEC
Dell’s Infrastructure Solutions Group turned in record quarterly revenue of $19.602 billion, a 73% jump. Revenue from AI-optimized servers soared 342% to $9.0 billion. Over in the Client Solutions Group, which concentrates on PCs, fourth-quarter revenue came in at $13.494 billion, up 14%. SEC
Dell turned up its focus on capital returns, unveiling a 20% bump to its dividend and authorizing another $10 billion in share buybacks. CFO David Kennedy pegged expected revenue near $140 billion, citing the midpoint of the company’s fiscal 2027 outlook. SEC
Dell ended Friday at $148.08, having moved between $136.11 and $148.86 throughout the session. Roughly 33.3 million shares traded, historical pricing data show. StockAnalysis
Eyes are also on the competition. Dell and Super Micro Computer have both benefited from the recent surge in AI infrastructure spending, a trend helping system makers across the board. Still, the market hasn’t hesitated to react harshly when delivery targets slip or margins tighten. ETTelecom.com
Still, it all comes down to execution. Dell flags supply-chain reliance, rivals, and unpredictable AI demand as major risks in its filing. Investors will be watching how quickly that backlog turns into shipments—and whether margins hold up in the process. SEC
Markets are closed for the weekend, so traders turn their focus to Monday — scanning for momentum after the recent earnings gap, and bracing for analyst commentary that could challenge Dell’s supply and pricing outlook. Looking ahead, a bigger mover waits at the end of the week: the February U.S. Employment Situation report drops at 8:30 a.m. ET on March 6. bls.govturn0search17
