Dell released fiscal 2027 first-quarter results on May 28, with revenue rising 88% year-over-year to $43.8 billion and non-GAAP earnings reaching $4.86 per share, up 214% from the year-ago period. The stock jumped 33% the following day.
Dell booked $24.4 billion in new AI server orders last quarter while shipping $16.6 billion worth of AI servers, leaving it with a $51.3 billion AI server backlog. The company builds AI servers for more than 5,000 customers and expects to end the year with 'meaningful backlog.'
Dell raised its fiscal 2027 revenue guidance to $167 billion (from $140 billion prior) and anticipates $60 billion in AI server revenue this year, significantly higher than the $25 billion generated in fiscal 2026. The AI server market is anticipated to clock a 35% annual growth rate between 2026 and 2034.
Summaries like this, in your inbox every morning.
Pick your industry and the AI tools you use, and get news related to your work every day.
Free · 30 seconds with Google · unsubscribe anytimeWhat is AIToday? →
Ask AI anything about this article. The AI reads this article, earlier AIToday articles, and Wikipedia, and cites its sources. Q&As are published on this page for other readers too.
Germany's government will unveil an AI agreement with Nvidia next week, according to government sources cited…
Amazon introduced Bee Frontier, a wearable personal AI, for $74.99 in Onyx, Lavender and Sage, and Bee Eclipse…
Wall Street ended down sharply, with worries about the AI trade and high oil prices weighing on the market
Citi has become the latest US bank to restrict AI agents from accessing accounts, per the Financial Times
Goldman Sachs says German exports have rebounded, driven by demand from the US, the EU, and the AI buildout
Forbes reports that Coca-Cola is using AI to reinvent its marketing, and presents the company's approach as a…
