Dell forecasts $20 billion AI-server shipments for FY26 as enterprises ramp up data-center spending

Dell Technologies Capital projected AI-server shipments worth $20 billion in FY26, citing accelerating demand for machine learning infrastructure and cloud data centers. The company reported a 14% YoY rise in its infrastructure revenue to $5.9 billion in Q3 2025. Executives highlighted new venture investments in AI security, silicon optimization, and generative compute. CFO Yvonne McGill said Dell will continue funding emerging AI ecosystems through strategic partnerships. Analysts see the forecast as evidence of Dell’s push to challenge cloud providers and rival OEMs for AI workload dominance.