Dell Technologies reported $60.9 billion in AI-server orders during its fiscal second quarter, with revenue of $16.4 billion and a backlog reaching $95 billion. The backlog grew 85% sequentially from $51.3 billion the previous quarter. Bank of America analyst Wamsi Mohan raised his price target to $600 from $505, implying 41% upside from Dell's revised goal of $425 set on 1 September. Mohan maintains a Buy rating. Dell has converted $131.7 billion of AI demand into orders over the past 12 months. Its AI customer count jumped from about 5,000 to over 6,500 in one quarter. The company raised its fiscal 2027 AI server sales projection to $74 billion from $60 billion. It also increased its full-year total sales outlook midpoint by $25 billion to $192 billion.

Digi International has expanded its senior secured revolving credit facility to $350 million, up from $250 million. The Internet of Things products and services provider also increased its accordion feature, giving it access to total potential borrowing capacity of up to $480 million. The new facility, maturing in August 2031, features improved pricing with SOFR margins ranging from 125 to 262.5 basis points, compared to 135 to 310 basis points previously. The maximum total net leverage ratio covenant increased from 3.0x to 3.50x, providing additional flexibility for strategic acquisitions. BMO Bank serves as administrative agent, with BMO Capital Markets and Bank of America as joint bookrunners. Digi may use borrowings for working capital, capital expenditures, acquisitions, and general corporate purposes.

ADT Inc. (NYSE: ADT) has increased its senior secured term loan facility by $100 million through a new incremental borrowing arrangement completed on August 28, 2026.