Zacks Investment Ideas feature highlights: Dell

Dell Technologies reported record quarterly results with $46.97B in revenue (up 58% YoY) and a record $95B AI server backlog, representing 84% of last year's total company revenue. The company raised full-year guidance by $25B to $192B, with AI-optimized server revenue guidance at $74B. Margins expanded significantly, with gross margin up 260 basis points and operating margin nearly doubling, contradicting concerns about lower AI server margins. Growth extended beyond AI servers, with traditional servers up 122% and storage up 26%, suggesting broader infrastructure demand.