“Dell PowerEdge XE9680 (8× NVIDIA H100/H200 GPU server) and XE9680L (8× AMD MI300X) are Dell's highest-revenue AI products. ISG Servers & Networking grew 35% Y/Y driven almost entirely by AI server demand. Dell AI server backlog at record levels entering FY27, with XE9780 (Blackwell 8-GPU) ramping in H1 FY27.”

“Dell PowerEdge XE9680 now shipping with direct liquid cooling as standard configuration for Blackwell GPU variants. Dell partnering with Vertiv and Schneider Electric for certified facility cooling integration. Dell's liquid cooling attach rate growing — now over 40% of XE9680 orders are liquid-cooled, up from near-zero 18 months ago.”

“Dell PowerStore enterprise storage growing modestly as AI training infrastructure drives demand for high-capacity NVMe-oF storage tiers. Dell ECS (Elastic Cloud Storage) for AI dataset management seeing new enterprise deployments. Storage attach per AI server increasing — customers bundling PowerEdge AI servers with 2–4 PowerStore units for training data staging.”

“Dell integrating CXL memory expansion into PowerEdge AI inference server configurations. PowerEdge R760 and R860 supporting CXL 2.0 memory modules for LLM inference deployments requiring memory beyond DDR5 DIMM capacity. Dell positioning CXL-expanded inference servers as an alternative to multi-GPU systems for serving mid-size models (<70B parameters).”

“Dell CSG Commercial PC revenue growing 6% Y/Y as enterprise AI PC refresh accelerates. Dell shipping Copilot+-compliant systems with Intel Core Ultra and Qualcomm Snapdragon X Elite. AI PC refresh cycle pulling forward commercial PC replacement 12–18 months earlier than prior forecasts. Dell is one of the largest enterprise PC vendors globally — AI PC is a meaningful CSG tailwind.”