- Dell’s stock surged 31% on Friday after reporting strong Q4 results that beat expectations, with revenue of $22.32B and adjusted EPS of $2.20.
- Dell saw robust demand for its AI servers in Q4. The company expects Q1 revenue between $21B-$22B.
- Dell raised its annual dividend by 20% to $1.78 per share. Analysts reacted positively, boosting price targets and ratings after the earnings beat.
Dell’s stock surged 31% on Friday, marking its best day since returning to the public market in 2018. The tech company reported strong fourth quarter results that exceeded Wall Street’s expectations.
Robust Demand for AI Servers
Dell‘s revenue came in at $22.32 billion for the quarter, beating analysts’ estimates of $22.16 billion. The company highlighted robust demand for its artificial intelligence servers. Dell also expects first quarter revenue between $21 billion and $22 billion.
Earnings Top Estimates
Adjusted earnings per share were $2.20, surpassing expectations of $1.73. Net income increased 89% year-over-year to $1.16 billion.
Outlook and Dividend
Along with the strong earnings results, Dell announced it is raising its annual dividend by 20% to $1.78 per share. Analysts reacted positively to the report, boosting price targets and ratings on the stock.
