$Dell Tech(DELL.US) +10% AH after significantly beating 2Q ests and boosting FY’27 Rev guidance by +15% and FY’27 EPS guidance by +42% behind the strength of AI servers demand.

2Q actuals:

- Net revs $46.97B vs $44.95B est

- AI servers rev $16.4B vs $16.0B est

- Adj Gross margin 21.1% vs 17.4% est

- Adj EPS $7.04 vs $4.90 est

- Net revs +58% YoY vs +50% est

3Q guidance:

- Net revs $49B vs $41.9B est

- Adj EPS $6.40-$6.60 vs $4.55 est

FY’27 guidance:

- Net revs $192B vs $165-169B prior (+15%) and vs $173.8B est

- Adj EPS $25.50 at midpoint vs $17.90 at midpoint prior (+42%) and vs $19.10 est

Conf call 430pm ET