Dell Technologies Q1 Revenue Rises 88%, Non-AI Server Sales Surge 93% to $8.5B
DELL•Dell Technologies reported first-quarter revenue up 88% year-on-year, with non-AI server sales surging 93% to $8.5 billion. Multiple analysts raised price targets by up to 200%, boosting shares over 35% in pre-market trading.
1. Record First-Quarter Results
Dell Technologies reported a first-quarter revenue increase of 88% year-on-year, propelled by strong demand for AI infrastructure deployments. Non-AI server sales surged 93% to $8.5 billion, reflecting an expanding backlog and accelerated sales pipeline.
2. Price Target Upgrades
Analysts at Piper Sandler, Barclays, JPMorgan and Wells Fargo raised their price targets to between $497 and $505, representing hikes of up to 200%. Most firms maintained overweight ratings, while UBS set a $440 target with a neutral stance, citing sustained demand and a robust fiscal 2027 outlook.
3. Share Price Reaction
Shares jumped more than 35% in pre-market trading following a 4% close increase the previous day, placing Dell among the top trending stocks. The surge underscores investor confidence in the company’s growth momentum and AI-driven opportunities.
