Dell Technologies reports record revenue amid AI server demand

Dell Technologies has reported record quarterly revenue of approximately $46.97 billion, representing a nearly 58% increase year over year. The company's adjusted earnings per share of $7.04 exceeded the consensus estimate of $4.91, driven largely by strong demand for AI servers.

Recent SEC filings show varying institutional activity regarding Dell stock. Integrity Financial Corp WA reduced its position by 91.1% during the second quarter, leaving the fund with 488 shares. Conversely, several other entities have established or increased positions, including Commonwealth Retirement Investments LLC, Rossby Financial LCC, Navalign LLC, and Kemnay Advisory Services Inc. Hedge funds and other institutional investors currently own approximately 76.37% of the stock.