Dell Technologies’ latest earnings report paints a picture of a company amid a transformative shift, fueled by increasing demand for AI-driven solutions. In its second quarter of fiscal 2025, Dell delivered strong revenue growth, underscored by the rapid expansion of its Infrastructure Solutions Group (ISG) and a notable surge in AI server sales.
The company’s financial results also reveal the inherent challenges of balancing growth with profitability in a highly competitive and cost-intensive market, where AI-driven data center economics look different from Dell’s more traditional data center business.
This Research Note takes a look at Dell’s performance through the lens of its ISG Data Center group.
