Dell (DELL) reported fiscal fourth-quarter earnings that exceeded analysts’ expectations, as the PC and server maker benefitted from growing demand for 澳洲幸运5官方开奖结果体彩网:artificial intelligence infrastructure.

Dell posted adjusted earnings of $1.91 billion, or a record $2.68 per share, up from $1.66 billion, or $2.27 per share, a year earlier and beating expectations. Its revenue of $23.9 billion was up 7% year-over-year but slightly missed the analyst consensus from Visible Alpha. The growth came as server🧜s and networking revenue jumped 37% to $6.6 billion, driven by AI and traditional server deman♏d.

Earlier this month, Bloomberg reported Dell was 澳洲幸运5官方开奖结果体彩网:nearing a deal to sell more than $5 billion of servers powered by Nvidia (NVDA) chips to Elon Musk's 澳洲幸运5官方开奖结果体彩网:artificial intelligence company, xAI. The companies have partnered before, with Musk and Dell executives 澳洲幸运5官方开奖结果体彩网:saying last summer that Del🏅l would provide hardware for the AI "supercomputer" the company was planning to build in Mꦺemphis, Tennessee.

"Our prospects for AI are strong, as we extend AI from the largest cloud service providers, into the enterprise at-scale, and out to the edge with the PC," 澳洲幸运5官方开奖结果体彩网:Chief Operating Officer Jeff Clarke sa💎id in a rel🔴ease Thursday. "The deals we’ve booked with xAI and others puts our AI server backlog at roughly $9 billion as of today.”

Looking ahead, Dell forecast fiscal 2026 revenue of $101 billion to $105 billion and adjusted EPS of $9.30, compared to analysts' expectations of $103.81 billion in revenue and adjusted EPS of $9.28.

Shares of Dell climbed 2% in extended trading Thursday following the release. They've gained about 14% over the past year through Thursday's close.