Tech Giant's Q2 Revenue Rises 58% to $47 Billion; AI Server Orders Set Record at $60.9 Billion

Second-quarter revenue was $47 billion, up 58% year on year, with adjusted earnings per share of $7.04, up 203%. Cash flow from operating activities was $2.2 billion. AI-optimized server revenue reached a record $16.4 billion, up 100% year on year. Traditional server and networking revenue was $10.5 billion, up 122%. The infrastructure solutions segment generated net revenue of $31.8 billion, up 89%.

Storage revenue was $4.9 billion, up 26%. The client solutions group posted revenue of $15 billion, up 20%, with commercial client revenue of $13.2 billion, up 22%, and consumer revenue of $1.8 billion, up 7%. Operating income was $4.8 billion, up 225%. During the quarter, the company returned $4.3 billion to shareholders through share repurchases and dividends.

The board declared a quarterly cash dividend of $0.63 per share, payable on October 30 to shareholders of record on October 20. Full-year revenue guidance was raised to $192 billion, up nearly 70% year on year. AI-optimized server orders set a new record of $60.9 billion, with a backlog of $95 billion at quarter end.