Trending Now - Dell's Q1 AI Server Revenue Skyrockets, Lifts 2027 Forecast

WHO:

Techmeme - Dell Technologies Inc. is the company reporting the financial results.

Yahoo Finance - Chief Operating Officer Jeff Clarke and Chief Financial Officer David Kennedy are mentioned in relation to the company's performance and outlook.

WHAT:

Techmeme - Dell reported Q1 AI server revenue up 757% year-over-year to $16.1 billion.

Yahoo Finance - Dell raised its fiscal year 2027 AI server revenue forecast to $60 billion, up from a prior projection of $50 billion.

Yahoo Finance - Dell's total revenue for the fiscal year ending in January 2027 is projected to be about $167 billion, including $60 billion from AI servers.

Yahoo Finance - Dell booked $24.4 billion in AI orders during the quarter.

Yahoo Finance - Dell's shares gained almost 40% in extended trading after the announcement.

Techmeme - Dell's Q1 revenue increased 88% year-over-year to $43.84 billion, surpassing the average estimate of $35.5 billion.

Yahoo Finance - Dell ended the quarter with a backlog of $51.3 billion in AI server orders.

WHERE:

Yahoo Finance - Dell Technologies Inc. is based in Texas.

WHEN:

Yahoo Finance - The fiscal year ending in January 2027 is referenced for revenue projections.

WHY:

Yahoo Finance - The increase in revenue is fueled by demand for servers that power artificial intelligence work.

Yahoo Finance - As customers shift focus from training AI models to using them, it creates broader opportunities for Dell products beyond AI servers.

HOW:

Yahoo Finance - Dell's server business has been viewed as an AI winner this year, contributing to a stock increase of more than 150% through the reporting period.

(UPDATED May 29, 2026 01:38 UTC)

Dell Technologies Inc. has reported a staggering 757% year-over-year increase in AI server revenue, reaching $16.1 billion, and has raised its fiscal year 2027 AI server revenue forecast to $60 billion, up from $50 billion. The company, based in Texas, also saw its total revenue for the fiscal year ending in January 2027 projected at about $167 billion, with shares gaining almost 40% in extended trading following the announcement. With a backlog of $51.3 billion in AI server orders and a significant shift in customer focus towards using AI models, Dell's server business has emerged as a major player in the market, contributing to a stock increase of over 150% this year.