Dell Technologies Raises Long-Term Growth Targets Amid AI Demand

Dell Technologies has significantly raised its long-term financial targets, projecting annual revenue growth of 7% to 9%, up from a previous 3% to 4%, driven by strong demand for AI infrastructure. The company also increased its adjusted earnings per share growth forecast to 15% or better annually, nearly doubling its prior estimate of 8%. Dell plans to raise its dividend by 10% or more annually through 2030, extending its previous commitment through 2028. CEO Michael Dell highlighted that customers' appetite for AI-related compute, storage, and networking is fueling this growth, with traditional data centers playing a crucial role in AI deployments alongside edge computing and PCs. The company reaffirmed its third quarter and full-year 2026 earnings guidance, with shares rising sharply following the announcement. This robust outlook reflects Dell's strong positioning in AI data center infrastructure and the broader AI market opportunity ahead.