US Stock Market Move | In the third quarter, there is a strong demand for AI servers. Dell Technologies, Inc. Class C technology (DELL.US) is up nearly 5% in pre-market trading.

On Wednesday, Dell Technologies, Inc. Class C technology (DELL.US) rose nearly 5% in pre-market trading, reaching $131.50. In terms of news, Dell Technologies, Inc. Class C technology released its financial report for the third quarter of the 2026 fiscal year, showing a 11% year-on-year increase in quarterly revenue to $27.05 billion, reaching a historical high but falling short of analysts' consensus of $27.2 billion. Under Non-GAAP accounting principles, operating profit was $2.503 billion, up 11% year-on-year; net profit was $1.762 billion, up 11% year-on-year. Adjusted earnings per share were $2.59, exceeding analysts' consensus of $2.48. Dell Technologies, Inc. Class C technology stated that in the third quarter, the company received AI server orders worth $12.3 billion, shipped AI servers worth $5.6 billion, and had a backlog of orders worth $18.4 billion at the end of the quarter. The company also raised its full-year AI server shipment forecast from $20 billion to $25 billion, an increase of over 150% year-on-year. Looking ahead, Dell Technologies, Inc. Class C technology expects full-year revenue for the 2026 fiscal year to be between $111.2 billion and $112.2 billion, with a midpoint forecast of $111.7 billion (an increase of 17% year-on-year), above the previous expectation of $107 billion; and expects full-year adjusted earnings per share to be $9.92 (an increase of 22% year-on-year), above the previous expectation of $9.55.