11:10 AM EDT, 10/07/2025 (MT Newswires) -- Dell Technologies ( DELL ) on Tuesday lifted its long-term annual growth targets for earnings and revenue amid rising demand for artificial intelligence.

The computer maker said it now anticipates per-share adjusted earnings growing by 15% or more year over year, up from a gain of at least 8% previously expected. Annual revenue growth is pegged at 7% to 9%, compared with the prior outlook that called for an increase of 3% to 4%.

"Over the past five years, we've roughly doubled EPS," interim Chief Financial Officer David Kennedy said in a statement. "With our increased EPS target, we expect to double EPS again."

Dell is set to capitalize on the ongoing technological revolution, especially in AI, with its portfolio ranging from data center infrastructure to personal computers, the company said.

Shares of the computer maker advanced 2% in Tuesday trade, taking their year-to-date gains to 29%.

"Customers are hungry for AI and the compute, storage and networking we provide to deploy intelligence at scale," according to Chief Executive Michael Dell. "We're successfully translating that demand into growth and strong cash flow that we've largely returned to shareholders."

Dell expects to grow dividends by at least 10% annually through fiscal 2030, compared with its previous commitment that ran through fiscal 2028.

The company reiterated its third-quarter and full-year outlook issued in August. At the time, Dell said it expected adjusted EPS of $2.45 on revenue of between $26.5 billion and $27.5 billion for the third quarter. The current consensus on FactSet is for non-GAAP EPS of $2.48 and sales of $27.32 billion.

For fiscal 2026, the group expected adjusted EPS to rise 17% at $9.55 and revenue to be in a range of $105 billion to $109 billion. The Street is looking for non-GAAP EPS of $9.52 and sales of $107.66 billion for the ongoing year.

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