Key facts
- Dell reported record revenue of $43.8 billion for fiscal Q1 FY2027, an 88% year-over-year increase.
- Diluted EPS was $5.24, and non-GAAP EPS of $4.86 significantly exceeded analyst estimates.
- AI server revenue reached $16.1 billion, a 757% year-over-year increase.
- Dell raised its full-year AI server revenue guidance to $60 billion.
- Several analysts upgraded Dell's stock and raised their price targets.
Dell Technologies' strong financial performance, particularly in AI servers, highlights the company's significant role in the current technology landscape. The surge in AI server revenue and backlog indicates robust demand, positioning Dell as a key player in the infrastructure supporting artificial intelligence development. This performance has led to a reassessment of the company's valuation by market analysts.