Dell shares surge 40% after raising fiscal 2027 revenue outlook to $167 billion, boosted by $60 billion in AI server sales

Dell raised its annual revenue forecast for the fiscal year ending January 2027 to about $167 billion—up from a prior outlook of about $140 billion and above the analyst average estimate of $142.1 billion—with $60 billion attributed to AI server sales.

In the quarter ended May 1, Dell booked $24.4 billion in AI orders and generated $16.1 billion in AI server sales. The company ended the quarter with a backlog of $51.3 billion in AI server orders and posted profit of $4.86 per share (excluding some items), exceeding the average estimate of $2.99.

Dell's AI servers attract customers including companies that rent computing power like CoreWeave Inc. and Nscale Global Holdings Ltd., as well as corporate clients and major AI providers. The stock gained almost 40% in extended trading and has risen more than 150% through Thursday's close.