Nvidia and Dell Technologies Earnings Outlook Amid AI Demand
Nvidia and Dell Technologies are set to announce their earnings results on May 20 and May 28, 2026, respectively. Both companies are benefiting from increased demand for AI compute resources, with Nvidia’s data center revenue reaching $62 billion last quarter—a year-over-year increase of 75% and a quarter-over-quarter increase of 22%. Dell shipped $25 billion in AI servers last year and has a backlog of $43 billion in unfulfilled AI-related orders, projecting AI revenue to hit $50 billion this year.
Nvidia anticipates over $1 trillion in cumulative orders for its AI chips through 2027, while its shares trade at just 17 times projected earnings, suggesting market undervaluation. Dell’s overall revenue grew 19% to $113 billion last year, with adjusted earnings up 27%, yet it trades at a forward price-to-earnings multiple of only 14. Both companies are positioned to capitalize on the ongoing AI build-out, despite current market challenges.
