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benzinga Corporate Catalyst Impact 85/100 ● neutral

Dell Q2 Preview: Record Revenue, Strong AI Backlog Could Overshadow President Trump's Boost for Stock

Aug 31, 2026, 3:52 PM UTC · Primary ticker $DELL

This filing provides a preview of Dell's upcoming Q2 earnings, highlighting analyst expectations for record revenue and strong AI server demand. The market will be closely watching AI-related metrics and whether Dell can 'beat and raise' estimates to sustain its significant year-to-date stock gains.

This filing is a preview of Dell Technologies' Q2 earnings report, scheduled for release after market close on Tuesday. Analysts are anticipating record revenue of $44.95 billion and EPS of $4.91, driven by strong demand for AI-optimized servers. The key focus for investors will be the recognized AI server revenue, new AI bookings, and whether the company raises its full-year guidance again. A 'beat and raise' could propel the stock to new highs, while a miss or failure to raise estimates could lead to a significant pullback, given the stock's substantial year-to-date gains and high expectations.

$DELL neutral Primary subject of earnings preview
Source: benzinga
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