Dell is a U.S.-based technology company best known for PCs, and it has recently scaled up its AI hardware business as data center demand accelerates.
This article covers the latest Dell news and the developments driving fresh attention to the company.
Dell Shares Jump 33% After AI Server Surge Powers Blowout Quarter
Dell shares jumped 33% on May 29, after quarterly results highlighted rising demand for its AI servers.
The move could add about $68 billion to Dell’s value, bringing it to roughly $206 billion.
AI server revenue reached $16.1 billion for the quarter, ahead of $14.6 billion from PCs.
Infrastructure Solutions, including servers, storage, software, and networking, beat PC revenue in each of the past four quarters.
Melius Research said it has “never seen anything like this,” citing Dell’s execution.
COO Jeff Clarke said supply remains tight, especially for memory chips.
Clarke said customers are securing memory supply for longer periods.
Other server makers rose too, including Super Micro Computer up 16% and Hewlett Packard Enterprise up 12%.
At least 13 brokerages lifted Dell price targets, and the median target rose to $255 from $170, LSEG said.
Dell Posts Record $43.8 Billion Q1 Revenue and Lifts FY27 Outlook
Q1FY27: Record revenue, EPS and Q1 cash flow – Q1 underscored the strength and agility of our operating model and the pace of innovation we continue to bring to market across the full stack of compute, storage and software.
Catch the #earnings call replay & see the Q1 report 📝… pic.twitter.com/e1QaCrA24t
— Dell Technologies (@Dell) May 28, 2026
Dell said fiscal 2027 first-quarter revenue reached a record $43.8 billion, up 88% year over year.
Diluted EPS rose to $5.24, up 282%, while non-GAAP diluted EPS climbed to $4.86, up 214%.
The company reported record first-quarter cash flow from operations of $4.1 billion.
Management said Dell booked $24.4 billion in AI orders and recognized $16.1 billion in AI server revenue during the quarter.
Dell raised its FY27 AI server revenue expectation to $60 billion and lifted its full-year revenue outlook to $167 billion at the midpoint, nearly 50% higher year over year.
CFO David Kennedy said execution across the supply chain, sales, and pricing helped drive $2.1 billion in shareholder returns in the quarter.
Outlook on Dell
Dell is operating in a supply-constrained environment for memory chips, and customers are securing supply for extended periods.
Next, Dell will need to keep converting booked AI demand into deliveries while managing pricing, supplier relationships, and the margin pressure coming from higher memory costs.
To get the latest Dell news and other corporate finance news from different sectors, subscribe to Financial Daily Update today.
