Dell has nearly doubled its long-term growth outlook on the back of surging demand for AI servers, raising revenue and earnings projections through its fiscal 2030 as it leans into the data center build-out.
Following an analyst meeting on October 7, the company said it now expects annual revenue growth of 7-9%, up from a prior range of 3-4%. Adjusted earnings per share are forecast to grow at least 15% annually over the same period, nearly twice the company's earlier estimate of 8%. Dell's stock rose more than 5% in morning trading following the update.
