Dell Boosts Sales Outlook by $25 Billion

Dell shares jumped after the company boosted its annual sales forecast by $25 billion in a further sign of surging demand for servers to run artificial intelligence tasks.  Revenue in the fiscal year ending in January 2027 will be about $192 billion, including $74 billion from the sale of AI servers, the Texas-based company said Tuesday in a statement. That's up from an outlook in May of about $167 billion and topped analysts' average projection of $173.8 billion, according to data compiled by Bloomberg. The AI server forecast represents a threefold increase over the prior year. This is the fifth straight quarter that Dell's fiscal year revenue outlook topped estimates. Bloomberg Intelligence Senior Hardware and Networking Analyst said memory inflation is factoring into their guidance.