Dell (DELL.N) has forecast a decline in its adjusted gross margin rate for fiscal year 2026, hit by higher costs to build artificial intelligence servers in a fiercely competitive market, while its PC business also lagged amid soft demand.
The Round Rock, Texas-based company’s shares fell about 2 per cent in extended trading, even as it announced a $10 billion increase in its share buyback plan.
Dell’s AI servers, which
