Dell AI Orders Top $64.1B with $43B Backlog, FY27 Revenue Set to Double
Dell recorded $64.1B in AI orders in fiscal 2026 and ended Q4 with a $43B AI backlog for FY27. Management expects FY27 AI revenue of $50B, implying 100% growth, while Infrastructure Solutions Group Q4 revenue rose 73% to $19.6B on a 342% surge in server and networking sales.
1. Exploding AI Order Growth and Backlog
Dell booked $64.1 billion in AI orders during fiscal 2026 and ended Q4 with a $43 billion AI backlog supporting visibility into FY27. Management forecasts FY27 AI revenue near $50 billion, implying 100% year-over-year growth as enterprise AI adoption accelerates.
2. Infrastructure Solutions Group Surge
Infrastructure Solutions Group generated $19.6 billion in Q4 revenue, a 73% increase year-over-year, driven by a 342% surge in server and networking sales. This robust performance highlights strong demand for Dell’s hardware solutions amid AI-driven data center investments.