Dell raises full-year FY27 revenue outlook to $192 bln from $167 bln
Company expects Q3 FY27 revenue of $49 bln
Dell forecasts full-year FY27 GAAP EPS of $24.37 and non-GAAP EPS of $25.50
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the computer hardware peer group is "buy"
Wall Street's median 12-month price target for Dell Technologies Inc is $500.00, about 9.6% above its August 31 closing price of $456.01
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 23 three months ago
AI server momentum drives growth
AI SERVER DEMAND - Co said record AI-optimized server orders and revenue drove growth, with $16.4 bln in revenue and $95 bln backlog
TRADITIONAL SERVERS AND NETWORKING - Co reported traditional servers and networking revenue up 122% yr/yr
COMMERCIAL CLIENT SOLUTIONS - Commercial client revenue rose 22% yr/yr, contributing to overall client solutions group growth
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