Dell Technologies and Hewlett Packard Enterprise are releasing their quarterly earnings this week, with Dell reporting after market close on September 1 and HPE the following day. Dell shares have surged over 260% year-to-date while HPE has climbed roughly 120%, both driven by explosive demand for AI-optimized server infrastructure. Dell’s AI server revenue hit $16.1 billion in the most recent quarter, up 757% year over year, with an AI-related order backlog of $51.3 billion. Analysts project Dell will report revenue of approximately $44.5 billion and EPS of $4.90 for the quarter. These earnings will serve as key data points for the entire AI infrastructure sector, with investors seeking confirmation that the current demand cycle has staying power.
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