Dell Technologies shares jumped more than 10% in after-hours trading Tuesday after posting quarterly results that crushed Wall Street estimates. Adjusted earnings came in at $7.04 per share, well above the roughly $4.90 analysts expected, while revenue surged 58% year-over-year to $46.97 billion. AI-optimized server sales doubled year-over-year to $16.4 billion, with the backlog swelling to a record $95 billion from $51.3 billion three months prior. In response to strong demand, Dell raised its full-year guidance for the second consecutive quarter, now projecting approximately $192 billion in revenue and $25.50 in adjusted earnings per share.
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