Dell's backlog for AI servers is currently between $27 billion and $30 billion.

Hewlett Packard Enterprise has issued financial guidance through fiscal year 2027, six quarters ahead of its current fiscal 2026.

Hewlett Packard Enterprise (HPE) sells servers, AI data centers, and networking equipment to corporate customers.

The traditional server market is believed to be shifting from a cyclical upswing to a secular, multi-year adoption phase driven by corporate AI adoption.

Hewlett Packard Enterprise is on pace to sell approximately $6 billion in AI servers this year, about one-tenth the volume of Dell.

Dell is the market leader in AI servers and is on pace to sell approximately $60 billion worth this year.

Hewlett-Packard Inc. (HPQ) sells laptops, PCs, and printers, focusing on personal IT.

Hewlett Packard Enterprise's fiscal 2027 guidance implies earnings of over $4 per share, significantly above the consensus estimate in the high $2 range.

Hewlett-Packard Enterprise's implied guidance suggests its revenue will grow 29% in the fiscal third quarter and 30% in the fiscal fourth quarter.

Dell raised its annual sales guidance by $25 to $27 billion, with $10 billion from AI servers and $15 to $17 billion from its traditional server, PC, and storage businesses.

Analyst Woojin Ho believes the surge in Dell's stock reflects a structural shift towards durable compute demand that could extend into 2027 and 2028.

Dell's AI server customers include "NeoClouds" and sovereign entities, such as CoreWeave, Nebbius, and G44 in the Middle East.

Analyst Woojin Ho believes Dell's competitive advantage in AI servers stems from its operational scale and strong supply chain relationship with NVIDIA.

Dell increased its overall guidance by $25 billion to $27 billion, with only $10 billion of the increase attributed to AI servers.

The price of a comparable PC is expected to increase by 20% year-on-year in the second half of the current year.

Dell is a primary equipment provider for multi-billion dollar AI server deals being placed by "neo clouds" and sovereign entities.

Dell is successfully passing higher input costs on to customers, which is causing its gross margins to increase.

Woojin Ho predicts that corporate AI adoption over the next couple of years will drive increased demand and higher average selling prices for traditional servers, benefiting companies like Dell, HPE, ...

Dell raised its AI server revenue guidance for the current year by 20%, from $50 billion to $60 billion.

The cost of traditional server deals has increased by 200% to 300% in the first half of this year due to higher input costs.