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Stock impact report

Dell Technologies: AI Demand Is Real, Margin Payoff Comes Later [Seeking Alpha]

Dell Technologies Inc. Class C (DELL) 
Last dell technologies inc. class c earnings: 2/27 04:25 pm Check Earnings Report
Company Research Source: Seeking Alpha
DELL's AI server demand is robust, with a $12.3B order record and an $18.4B backlog, but shipment growth hinges on customer readiness. AI margins are currently mid-single digit and cyclical, with meaningful expansion likely delayed 2-3 quarters; adjacent storage and services should lift blended margins. Traditional server and PC segments provide revenue stability, while Dell's direct model and pricing flexibility help manage input cost inflation risks. ridvan_celik/E+ via Getty Images I have covered Dell Technologies ( DELL ) in May 2025 and October 2025 with varying degrees of success. My May thesis was around AI server exposure-led upside; I saw supportive valuations and also preempted an enterprise spending rebound. That call saw a This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, Show less Read more
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