Dell Technologies (NYSE: DELL) saw its shares jump more than 6% on Wednesday after the company issued stronger-than-expected revenue and earnings guidance for the current quarter.

Boosted by accelerating demand for AI servers powered by Nvidia chips, Dell said it expects fourth-quarter revenue of $31 billion to $32 billion, well above the $27.59 billion estimate cited by LSEG via Reuters. Adjusted earnings are projected at $3.50 per share, exceeding expectations of $3.21.

Dell also raised its full-year targets. Fiscal 2026 revenue is now forecast at $111.2 billion to $112.2 billion, up from prior guidance of $105 billion to $109 billion. Adjusted EPS guidance was increased to $9.92, and the company reiterated preliminary expectations of at least 15% per-share profit growth.