Visitors watch a hologram at the stand of Dell Technologies Inc., at the MWC (Mobile World Congress), the world’s biggest mobile fair, in Barcelona on March 5, 2025.
Josep Lago | AFP | Getty Images
Shares of Dell Technologies climbed 6% in premarket trading Tuesday after the company increased its long-term revenue and profit growth expectations in a meeting with analysts.
The computer maker said it now expects annual revenue to expand between 7% and 9%, an increase from its prior forecast of 3% to 4%, which it gave in August.
For the full year, it now expects diluted earnings per share to grow at least 15%, compared with its previous expectations for growth of 8% or better.
Dell said it was raising its guidance as it capitalizes on “the unprecedented pace of change in technology,” particularly in artificial intelligence.
“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. “We’re successfully translating that demand into growth and strong cash flow that we’ve largely returned to shareholders.”
The company added that its engineering, deployment, ecosystem and other services “position it as the AI infrastructure solutions leader.”
Dell is one of Nvidia’s key customers. Dell buys chips from the AI leader and builds computers around them, which it sells to end-users such as CoreWeave, a cloud service, and Elon Musk’s AI startup xAI.
— CNBC’s Kif Leswing contributed to this article.
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