Dell CFO Kennedy Sees AI Server Demand Driving Sales Growth

Summary

Dell CFO David Kennedy discusses the company's strong quarterly results and increased annual guidance, attributing it to broad-based AI server demand and growth in traditional infrastructure. He highlights the shift from training to inferencing as a durable growth driver and notes the Pentagon deal is a small part of the outlook.

• Dell raised its fiscal year revenue guidance to $167 billion.
• AI server revenue outlook increased to $60 billion.
• Traditional server and storage businesses also growing strongly.
• Kennedy sees broad-based demand across enterprise, sovereign, and Neo Cloud customers.
• The Pentagon software deal accounts for less than $1 billion in fiscal year impact.
• The CPU server market is recovering.
• Dell's stock rose 29% in after-hours trading.