DELL Q2 FY2027 Earnings Overview: $16.4B AI Server Revenue and $192B FY27 Outlook Drive 15.81% Rally

AI Market Summary
Dell's Q2 FY2027 results showed record $47.0B revenue (+58% YoY) and $7.04 adjusted EPS, with Infrastructure Solutions Group up 89% and $16.4B tied to AI servers. Management lifted FY2027 revenue guidance by $25B to $192B, supported by $60.9B AI-server orders and a $95B backlog. Offsetting strength, free cash flow fell 47% to $986M, highlighting execution and cash-conversion risk.
Impact level
● Medium
Affected assets
NCSKDELL2USD/USDT+7.45%
AI Insight · NCSKDELL2USD/USDTAI Insight
▲ Bullish
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Dell Technologies reported Q2 FY2027 results that were followed by a 15.81% completed regular-session rally. This earnings analysis reviews reported financials, the relevant consensus comparison where available, operating drivers, management outlook and the verified technical levels framing September 2026 for investors.