Dell Raises FY27 Outlook as Q1 Revenue Soars 88% Driven by AI Servers
DELL•Dell reported adjusted Q1 EPS of $4.86 on $43.8 billion revenue, an 88% year-over-year gain that topped estimates. Driven by AI demand, the company booked $24.4 billion in AI orders, recognized $16.1 billion in AI server sales and raised its fiscal 2027 revenue outlook to $165-169 billion.
1. Q1 Earnings Surge
Dell reported adjusted first-quarter earnings per share of $4.86 on revenue of $43.84 billion, representing an 88% increase from a year earlier and well above consensus forecasts.
2. AI Server Momentum
The company secured $24.4 billion in AI orders, generated $16.1 billion in AI server revenue and closed the quarter with a record $51.3 billion backlog for AI infrastructure.
3. Upgraded Guidance
Following the results, Dell lifted its full-year fiscal 2027 revenue guidance to a range of $165 billion to $169 billion and raised non-GAAP EPS outlook to $17.90.
4. Market Reaction
Shares jumped over 30% to new highs, prompting nine price-target increases and a strategic upgrade, while options volume spiked to ten times average intraday levels.
