Jim Cramer Says 'WOW' as Dell Crushes Earnings; Patrick Moorhead Says the Company Is Doing 'Exactly What It Told Investors'

Dell Technologies Inc. (NYSE:DELL) blowout fiscal second-quarter results drew an emphatic "WOW" from Jim Cramer, while analyst Ben Bajarin said investors who like Nvidia Corp.’s (NASDAQ:NVDA) growth trajectory will "really" like Dell’s.

Jim Cramer Says ‘WOW’ After Dell Earnings

Dell closed at $425, down 6.80%, while its shares jumped 8.01% to $459.03 in after-hours trading, according to Benzinga Pro.

Cramer took to X after Dell’s earnings report and said, "Dell–on tonight!! WOW."

Bajarin, CEO and principal analyst at Creative Strategies, was even more bullish, drawing a direct comparison with Nvidia’s explosive growth.

"$DELL crushed.  If you like NVIDIA’s growth trajectory you are really going to like Dell’s," Bajarin said.

Analysts Cheer Dell’s AI-Fueled Growth

Futurum Group CEO Daniel Newman called it a "monster quarter" and said the guidance increase was a powerful demand signal for the AI buildout.

Dell also raised its full-year fiscal 2027 revenue forecast to $192 billion and increased its adjusted EPS outlook to $25.50. 

For the third quarter, Dell expects $49 billion in revenue and adjusted EPS of $6.50, both well above Wall Street estimates.

Moor Insights & Strategy CEO Patrick Moorhead similarly said that Dell "absolutely crushed it," pointing to the company’s supply chain, broad portfolio and execution as key strengths.

"Dell doing exactly what it told investors at its capital market day it would do. What a machine," he wrote on X.

Dell AI Server Orders Hit Record $60.9 Billion

Dell reported $7.04 in adjusted earnings per share, beating the $4.91 analyst consensus by more than 43%. Revenue climbed 58% year over year to $46.97 billion, topping estimates of $44.95 billion.

The company’s AI infrastructure business was the standout.

Dell booked a record $60.9 billion in AI server orders during the quarter, generated $16.4 billion in AI server revenue and ended the period with a record $95 billion backlog.

Dell shares have surged 232.55% year-to-date and 764.88% over the past five years.

According to Benzinga Edge Stock Rankings, Dell ranks in the 99th percentile for Momentum, with its shares showing positive performance across the short, medium and long term.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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