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Dell Technologies reported record fiscal 2Q27 revenue of $47.0 billion, up 58% year-over-year, driven by surging AI server demand and broad portfolio growth, as the company raised its full-year FY27 revenue guidance to $192 billion. The technology infrastructure giant posted record diluted EPS of $6.34 (up 273% YoY) and record non-GAAP diluted EPS of $7.04 (up 203% YoY), with cash flow from operations reaching $2.2 billion. The Infrastructure Solutions Group (ISG) generated record revenue of $31.8 billion, up 89% YoY, fueled by a record $60.9 billion in AI-optimized server orders, $16.4 billion in AI server revenue (up 100% YoY), and a $95 billion backlog exiting the quarter. Traditional servers and networking revenue hit $10.5 billion (up 122% YoY), while storage revenue reached $4.9 billion (up 26% YoY). ISG operating income soared 225% to $4.8 billion. Client Solutions Group (CSG) revenue rose 20% to $15.0 billion, with commercial client revenue up 22% to a record $13.2 billion and consumer revenue up 7% to $1.8 billion; CSG operating income grew 42% to $1.1 billion. Dell returned a record $4.3 billion to shareholders during the quarter. “IT environments have shifted from cost centers to value drivers,” said Vice Chairman Jeff Clarke, citing record AI orders and broader growth across traditional servers, storage, and client solutions. CFO David Kennedy noted the company raised its FY27 revenue outlook by $25 billion to $192 billion (up nearly 70% YoY), with EPS guidance of $24.37 and non-GAAP EPS of $25.50.