Dell Technologies (NYSE:DELL) stock climbed 6% on Tuesday morning after the technology giant raised its long-term annual revenue growth target to 7–9%, up from the previous 3–4% range, signaling growing confidence in its ability to capitalize on accelerating demand for artificial intelligence (AI) infrastructure.
The company also nearly doubled its annual non-GAAP earnings per share growth target, increasing it to 15% or higher from 8% previously. In addition, Dell extended its dividend growth plan, pledging to raise its quarterly dividend by at least 10% each year through fiscal 2030, compared to the earlier commitment that lasted through fiscal 2028.
Michael Dell, the company’s Chairman and CEO, said: “Customers are hungry for AI and the compute, storage and networking we provide to deploy intelligence at scale. We’re successfully translating that demand into growth and strong cash flow that we’ve largely returned to shareholders.”
Dell underscored its expanding role as a leader in AI infrastructure, pointing to its deep expertise in engineering, deployment, services, ecosystem partnerships, and financing solutions. The company aims to benefit from the accelerating adoption of AI, supported by its diverse product portfolio spanning data center systems to personal computers.
Jeff Clarke, Dell’s Vice Chairman and Chief Operating Officer, emphasized the company’s rapid progress in the AI space, noting that they are “growing AI into a $20 billion business in two years.”
Dell reaffirmed its fiscal 2026 third-quarter and full-year guidance, originally issued on August 28, 2025, as it continues to position itself at the forefront of AI-driven enterprise transformation.
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