Dell Technologies (DELL) reported a remarkable performance in 2023, with shares surging 239.8% year-to-date, outperforming the Zacks Computer & Technology sector, which saw a return of 18.6%. In Q1 of fiscal 2027, Dell secured $24.4 billion in AI orders, recognized $16.1 billion in AI server revenues, and exited the quarter with a record AI backlog of $51.3 billion.
The customer base for Dell’s AI solutions surpassed 5,000, marking a growth of over 50% in just six months. For Q2 fiscal 2027, Dell anticipates revenues of $44-$45 billion, reflecting an approximate 50% year-over-year increase, alongside projected non-GAAP earnings of $4.80 per share, up 108.19% year-over-year.
Dell’s ongoing partnerships with tech giants such as NVIDIA, Alphabet, and OpenAI bolster its AI infrastructure offerings, including the newly introduced PowerEdge XE8812 server designed for high-performance AI workloads. This robust AI demand and expanding partner ecosystem position Dell for sustained long-term growth.
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