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Dell Technologies (NYSE: DELL) delivered stronger-than-expected fiscal Q1 2027 results on Thursday, fueled by surging demand for its AI-optimized servers. Following the earnings report, Dell’s Class C shares soared nearly 30% in after-hours trading as investors reacted positively to the company’s upgraded full-year revenue outlook and accelerating artificial intelligence business growth.
The technology giant reported quarterly revenue of $43.84 billion, significantly surpassing Wall Street expectations of $34.81 billion. Adjusted earnings came in at $4.86 per share, far above analyst estimates of $2.88 per share.
A major growth driver was Dell’s Infrastructure Solutions Group (ISG), which includes its booming AI server business. Revenue from AI-optimized servers reached $16.1 billion during the quarter, representing an impressive 757% increase year-over-year and a 79% rise from the previous quarter.
Dell has rapidly expanded its position in the AI infrastructure market since the rise of generative AI technologies in late 2022. The company works closely with Nvidia to deliver AI-focused hardware, software, and enterprise solutions for large-scale data centers and advanced AI workloads.
Chief Operating Officer Jeff Clarke said Dell secured $24.4 billion in AI orders during the quarter and raised its fiscal 2027 AI server revenue target to $60 billion. The company’s AI server backlog also increased to $51.3 billion, up from $43 billion in the previous quarter.
Meanwhile, Dell’s Client Solutions Group (CSG), which includes its PC business, generated $14.6 billion in revenue, up 17% year-over-year despite continued pressure from high memory chip prices and supply challenges in the global PC market.
Looking ahead, Dell expects second-quarter revenue between $44 billion and $45 billion, with adjusted earnings projected at $4.80 per share. The company also lifted its full-year fiscal 2027 revenue guidance to a range of $165 billion to $169 billion, well above analyst expectations of $143.9 billion.
