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Dell Technologies expects to generate approximately $50 billion in AI server revenue for the fiscal year ending January 2027, driven by robust demand. The company reported a record backlog of $43 billion and a 39% increase in total sales for the last quarter to $33.4 billion.

Dell's operating margin for the server and networking unit was 14.8%, surpassing estimates. Additionally, Dell plans a $10 billion increase in its share buyback program and a 20% hike in its cash dividend.