Changes in US stocks | Dell Technologies (DELL.US) rose more than 4%, and its stock price reached a record high

The Zhitong Finance App learned that after yesterday's stock price surged nearly 16%, Dell Technologies (DELL.US) rose again by more than 4% to $515.20 on Thursday, reaching a record high. Financial reports show that in the second quarter of the 2027 fiscal year ending July 31, Dell achieved revenue of 46.97 billion US dollars, an increase of 58% over the previous year, higher than analysts' average forecast of 44.92 billion US dollars. Net profit for the quarter was US$4.13 billion, or US$6.34 per share, a sharp increase of more than three times that of US$1.16 billion and US$1.70 per share in the same period last year. Adjusted earnings per share (excluding expenses related to equity incentives) were $7.04, far higher than analysts' expectations of $4.92.

Looking ahead, Dell gave strong guidance for the third fiscal quarter: adjusted earnings per share are expected to be $6.50, and revenue is $49 billion, which means revenue will increase by about 81% year over year. Analysts had previously averaged an adjusted earnings per share of $4.49 and revenue of $41.42 billion for the fiscal third quarter.