DELL
FY2027 Q1 · Calendar Q2 2026
Dell Technologies Inc.
Dell's Q1 FY27 results mark a step-change in the company's AI-driven growth trajectory. Revenue of $43.8 billion (up 88% year-over-year) and EPS of $4.86 (up 214%) shattered consensus estimates, with AI server demand generating $24.4 billion in new orders and pushing the AI backlog to $51.3 billion. The stock surged over 32% on the report. Management raised full-year guidance by approximately $27 billion in revenue and $5 in EPS, signaling confidence that demand will sustain even as supply constraints persist. The key question for investors is whether this represents sustainable demand or a pull-forward effect from customers racing to secure capacity amid memory shortages.
EPS surprise+64.2%
Market move+32.8%
