戴尔的财报表现亮眼，各项指标均超预期并上调指引；强劲的AI服务器增长支撑估值扩张。
逐段跳播
好的，我们来谈谈戴尔。在进入其财报季时，市场预期很高，尤其是考虑到它之前的涨幅，但你看，它表现非常出色。是的，门槛很高，但他们每一项指标都超过了。他们上调了指引。你看，整体营收同比增长58%，超出营收预期超过20亿美元。
调整后每股收益同比增长203%，达到7.04美元，高于预期的约4.90美元。
Okay, let's talk Dell. As we went into its earnings, expectations were high, especially given the run that it's had, but look it uh knocked the ball out the park. Yeah, I mean the bar was high, but they beat every metric. They raised guidance. You look at revenue overall grew 58% year-over-year. That beat by over $2 billion as far as revenue expectations. Adjusted EPS was up 203% year-over-year to $7.04. That was above the expected about $4.90.
你看基础设施解决方案集团，那是381亿或318亿美元，同比增长89%。他们的人工智能优化服务器，164亿美元。我昨天在我们的节目中提到过，同比增长100%。人工智能订单创下新纪录，达到609亿美元。人工智能积压订单达950亿美元，持续攀升。
You look at the infrastructure infrastructure solutions group. That was 38 .1 or 31.8 billion dollars. That was up 89% year-over-year. Their AI-optimized servers, $16.4 billion. I kind of hit on this yesterday on our show. That was up up 100% year-over-year. A new record for AI orders of 60.9 billion dollars. $95 billion in AI backlog that continues to surge to the upside.
然后你看他们业务的一些传统部分。传统服务器和网络，同比增长122%，达到105亿美元，存储同比增长26%。所以，是的，这只是一个业绩爆表的财报。他们上调了指引。
Then you look at some of their legacy parts of their business. Traditional servers and networking, that was up 122% year-over-year to 10 and a half billion dollars, and storage was up 26% year-over-year. So, yeah, this was just a blowout earnings. They raised guidance.
迈克尔·戴尔，董事长，发了一条推文。他说：“嘿，我想当我们以这样的速度报告每股收益增长时，总会有好事发生。”但这符合我们从Cerebrus和Nebius以及其他一些人工智能服务提供商那里看到的叙事，他们需要戴尔的产品。这就是导致这些超常涨幅的原因。
Michael Dell, the you know, the chairman tweeted something out. He said, "Hey, I guess something good happens when you report EPS growth the rate that we have at this point, but it kind of fits into that narrative that we're seeing from uh Cerebrus and Nebius and some of these other AI service providers uh that they need Dell products. And that's what is equating to these outsized moves.
如果你认为，也许估值有点过高了。那么，市盈率中的E部分，Diane，现在正在爆发。所以，可能正在消化更高的倍数。
And if you think that, hey, maybe valuation's getting stretched a little bit. Well, that E part of the PE, Diane, is exploding right now. So, probably growing into those higher multiples.
这个频道对 $DELL 的历次判断
Schwab Network 在这只股票上共 5 条判断，这里只列相邻的几条。