Key TakeawaysQ2 fiscal 2027 earnings release scheduled for September 1DELL shares have surged 272% year-to-date on AI infrastructure momentumCompany projects Q2 revenue between $44B-$45B, marking approximately 50% annual growthAnticipated Q2 EPS of ~$4.80 would signal more than 100% year-over-year increaseAnalysts maintain Moderate Buy rating with average target of $519.36, suggesting ~11% potential gainDell Technologies (DELL) prepares to unveil its fiscal 2027 second-quarter performance on September 1. Shares have skyrocketed 272% since the beginning of the year, propelled by exceptional demand for artificial intelligence servers and advanced data center equipment.Dell Technologies Inc., DELLManagement has provided Q2 revenue guidance ranging from $44 billion to $45 billion, which translates to approximately 50% year-over-year expansion at the midpoint. Such remarkable figures would have appeared unrealistic just a short time ago.The Infrastructure Solutions Group (ISG) division is anticipated to shoulder the bulk of this performance once again. Demand for AI-optimized servers is flowing from multiple channels including enterprise clients, neocloud infrastructure providers, and sovereign entities, creating a more diversified revenue stream beyond a single market segment.During the first quarter, Dell secured $24.4 billion worth of AI-related orders while recording $16.1 billion in AI server sales. The quarter concluded with an unprecedented $51.3 billion AI backlog, and the company’s sales pipeline extends several multiples beyond that figure.Looking ahead to Q2, Dell anticipates approximately $15.5 billion in AI server sales, contributing to roughly 75% growth within the ISG segment. Ongoing customer demand continues to exceed available supply capacity, suggesting the backlog will expand even further.Projected Financial PerformanceDell’s internal forecast calls for Q2 EPS around $4.80, marking over 100% growth compared to the prior year period. Wall Street analysts demonstrate even greater confidence, projecting EPS expansion exceeding 120%.Dell has surpassed analyst EPS projections in each of the previous four reporting periods, including an impressive 66% beat during the last quarter. This consistent outperformance establishes credibility when evaluating upcoming results.Conventional server sales remain robust as major enterprise clients modernize their computing infrastructure and expand operational capacity. Additionally, AI inference workloads are now generating incremental demand for traditional server platforms, further expanding the addressable market.The storage business represents another significant component of ISG performance. This segment delivers substantial contributions to overall profitability, extending beyond pure revenue generation.Shareholder Structure and Wall Street SentimentExamining the shareholder base, public corporations and retail investors collectively control 39.52% of DELL shares. Exchange-traded funds hold 20.45%, mutual funds possess 15.46%, company insiders own 12.76%, and remaining institutional stakeholders account for 11.81%.The 12.76% insider ownership stake is notably substantial. Founder Michael S. Dell personally maintains a 5.40% position. Vanguard Group stands as the dominant institutional shareholder with a 7.94% stake.Analyst consensus currently reflects a Moderate Buy recommendation on DELL stock, comprising 12 Buy ratings alongside 5 Hold ratings. The mean price objective stands at $519.36, indicating approximately 11% upside potential from present trading levels.The most bullish analyst target reaches $700, which would represent roughly 51% appreciation from current prices.DELL currently trades at a 24x forward earnings multiple. Analyst projections call for 96.3% EPS growth throughout fiscal 2027, with continued double-digit expansion anticipated in fiscal 2028.The Barchart consensus price target of $509.86 suggests approximately 10% upside opportunity from current market valuation.The post Dell Technologies (DELL) Stock: Q2 Earnings Preview as AI Momentum Continues appeared first on Blockonomi.