Dell Shares Surge After Raising 2027 Earnings Guidance

Dell Technologies reported strong quarterly earnings on September 1, 2026, and raised its fiscal 2027 adjusted earnings per share guidance from $17.90 to $25.50. This revision represents an increase of approximately 42.5%.

Shares of the server manufacturer surged more than 13% at the market open on September 2 before retreating to a gain of around 5% by late morning. Market analysts described the stock's price action as a bellwether for the broader artificial intelligence trade, noting a gap between the significant earnings revisions and the eventual modest percentage increase.

CNBC commentator Jim Cramer characterized the quarterly results as "extraordinary." The stock's volatility occurred amid broader market uncertainty tied to the upcoming midterms and historical September market weakness.