Dell Technologies reported fiscal Q2 2027 revenue of $46.97 billion, up 58% year-over-year, driven by AI server revenue of $16.4 billion in a single quarter. The company raised its full-year revenue guidance to approximately $192 billion and targets $74 billion in AI server revenue for fiscal 2027. Palo Alto Networks also beat expectations with fiscal Q4 2026 revenue of $3.41 billion, up 34% year-over-year. The cybersecurity firm forecasts fiscal 2027 revenue of $14.1 to $14.2 billion. The divergent market reaction, with Dell surging 9% and Palo Alto giving back gains, underscores investor preference for companies where AI demand directly translates to bottom-line profitability.
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