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Dell's AI Server Orders Reached $61 Billion in the Second Quarter, and the Pipeline Keeps Growing

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Core Development: Dell's AI Server Orders Reached $61 Billion in the Second Quarter, and the Pipeline Keeps Growing
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Actionable Insight: 📊 Earnings Focus: Assess quarterly EBITDA margins, year-over-year revenue, and management guidance.

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Dell Technologies (NYSE: DELL) booked $61 billion in artificial intelligence (AI) server orders during the second quarter (Q2), up from $24 billion in Q1. The AI build-out continues to fuel its pipeline, which COO Jeff Clarke says "remains multiples of our backlog."

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AI server revenue grew 100% to $16.4 billion, and traditional servers and networking revenue rose 122% year over year. Total revenue climbed 58% to a record $47 billion, and the company now expects growth of around 70% for the full year.

Adjusted earnings per share of $7.04 came in well above analyst estimates of roughly $5, and management raised guidance to $25.50 for the year. Is this still an opportunity for investors?

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