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Benzinga
Benzinga
Business
Anusuya Lahiri

YOU WONT BELIEVE: Dell struggles to protect margins as supply chain costs mount - What They Never Told You

AI Demand Surge

Dell Technologies (NYSE:DELL) reported a sharp rise in second-quarter revenue but tempered investor enthusiasm with profit guidance that fell short of expectations, sending shares lower on Friday.

The company posted revenue of $29.78 billion, up 19% year over year, driven by booming demand for its AI servers. Adjusted earnings came in at $2.32 per share, narrowly topping Wall Street's consensus of $2.31.

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