{"id":63551,"date":"2025-10-07T13:07:07","date_gmt":"2025-10-07T13:07:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/63551\/"},"modified":"2025-10-07T13:07:07","modified_gmt":"2025-10-07T13:07:07","slug":"dell-lifts-long-term-annual-growth-forecasts-on-strong-ai-server-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/63551\/","title":{"rendered":"Dell lifts long-term annual growth forecasts on strong AI server demand"},"content":{"rendered":"\n

(Reuters) -Dell raised its long-term revenue and profit growth forecasts on Tuesday, signaling robust demand for its servers that power artificial intelligence<\/a> workloads.<\/p>\n

Its shares surged 7% in premarket trading after the company said it expects compounded annual revenue growth between 7% and 9%, up from its prior view of 3% to 4%.<\/p>\n

It also nearly doubled its expectations for annual growth in adjusted earnings per share to at least 15% from 8%, betting on the insatiable demand for computing power needed to run generative AI products such as ChatGPT.<\/p>\n

“Customers are hungry for AI and the compute, storage and networking we provide to deploy intelligence at scale,” CEO Michael Dell said in a statement.<\/p>\n

Dell, whose customers include Elon Musk<\/a>‘s AI startup xAI and CoreWeave, reiterated its third-quarter and annual forecasts. It had raised its expectations for AI server shipments in August to $20 billion in fiscal 2026.<\/p>\n

A strong PC refresh cycle is expected after Microsoft<\/a> ends support for Windows 10 next week, as users and companies seek to maintain security and access to the latest features, benefiting PC makers such as HP and Dell.<\/p>\n

While the booming demand for AI severs has boosted Dell’s revenue, competition and higher costs of producing those products have pressured its margins, drawing investor concern.<\/p>\n

(Reporting by Jaspreet Singh in Bengaluru; Editing by Arun Koyyur)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -Dell raised its long-term revenue and profit growth forecasts on Tuesday, signaling robust demand for its servers…\n","protected":false},"author":2,"featured_media":63552,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,19934,51767,51768,111,139,69,16308,1405,145],"class_list":["post-63551","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-dell","tag-growth-forecasts","tag-michael-dell","tag-new-zealand","tag-newzealand","tag-nz","tag-premarket-trading","tag-revenue-growth","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/63551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=63551"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/63551\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/63552"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=63551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=63551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=63551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}