Dell shares jump 5% after server maker reports fastest sales growth since return to public market in 2018
AI server revenue jumped 757% to $16.1 billion as Dell booked $24.4 billion in new orders and lifted full-year guidance sharply.
- On Thursday, Dell reported fiscal first-quarter revenue of $43.84 billion, beating estimates, and raised its fiscal 2027 revenue forecast to $165–$169 billion amid surging AI server demand.
- Revenue for the Infrastructure Solutions Group rose 181% to $29 billion as Dell assembled servers using Nvidia graphics processing units to meet the artificial intelligence boom.
- A five-year, $9.7 billion Pentagon contract for Microsoft 365 services announced Wednesday contributed to a record stock close, with Dell shares up more than 150% for the year.
- Dell's Client Solutions Group recorded 17% revenue growth to $14.6 billion, while net income more than tripled to $3.44 billion from $965 million a year earlier.
- President Donald Trump became a Dell shareholder in the first quarter, months after Dell Technologies CEO Michael Dell and Susan Dell donated $6.25 billion to fund Trump Accounts for 25 million U.S. children.
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Dell Shares Surge After AI Server Boom Drives Massive Revenue Forecast Increase
Shares of Dell Technologies soared nearly 40% in premarket trading Friday after the company delivered blockbuster quarterly results and sharply raised its annual financial forecasts, ... The post Dell Shares Surge After AI Server Boom Drives Massive Revenue Forecast Increase first appeared on [your]NEWS.
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Dell spent years being valued as a maker of laptops and storage boxes, a solid, unexciting business in a mature market. The AI build-out has rewritten that story in a single quarter. The company’s shares have climbed around 40% across the run into and out of its latest results, after record numbers and a raised […] This story continues at The Next Web
Dell explodes 30% higher after its best earnings report since returning to the stock market in 2018
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