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Dell Q1 Revenue Jumps 88%, AI Server Sales Surge 757%

5/29/2026

38 9 Full Breakdown

Summary

Dell Smashes Forecast

Dell Technologies posted fiscal Q1 revenue of $43.84 billion, an 88% YoY increase that beat the $35.43 billion estimate.
AI server revenue surged 757% YoY to $16.1 billion, adding $24.4 billion in orders.
Net income rose to $3.44 billion, with EPS of $4.86, above the $2.94 consensus.
Dell’s shares surged nearly 39% to $443.86 as it raised its fiscal 2027 revenue outlook to $165-$169 billion and set an AI server target of $60 billion.

Summary

Trump Endorses Dell

President Donald Trump praised Dell May 8 and urged Americans to buy its computers.
Dell’s shares rose about 13% in the days after the endorsement.
Despite early-2026 losses from tariffs and PC sales, Dell’s AI-server surge turned the loss into a turnaround that placed it among big-tech firms.
Trump called the United States the “crypto capital of the world,” while Bitcoin fell from over $76,000 to about $73,000 amid ETF outflows.

History

Historical Context

Nvidia launched its Tesla GPU accelerator line in 2006, pioneering unified-shader GPGPU computing and later powering AI servers. The brand persisted until Nvidia retired the Tesla name in May 2020, rebranding the products as Data Center GPUs such as the Ampere-based A100. This evolution shows how early hardware breakthroughs can reshape companies like Dell, which now rides the AI-server boom.

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Dell Smashes Forecast

Dell Technologies posted fiscal Q1 revenue of $43.84 billion, an 88% YoY increase that beat the $35.43 billion estimate.
AI server revenue surged 757% YoY to $16.1 billion, adding $24.4 billion in orders.
Net income rose to $3.44 billion, with EPS of $4.86, above the $2.94 consensus.
Dell’s shares surged nearly 39% to $443.86 as it raised its fiscal 2027 revenue outlook to $165-$169 billion and set an AI server target of $60 billion.

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