Dell stock soars after AI server revenue and earnings crush Wall Street expectations |
Dell stock soars after AI server revenue and earnings crush Wall Street expectations
The company booked $24.4 billion in AI orders and raised its full-year AI server revenue forecast to $60 billion, up from $50 billion
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Surging demand for AI-optimized servers pushed Dell $DELL Technologies to record first-quarter revenue of $43.84 billion — an 88% jump from a year earlier — marking a pace of expansion the company has not seen since going public.
Against LSEG consensus estimates of $2.94 per share and $35.43 billion in revenue, Dell delivered adjusted EPS of $4.86, according to CNBC. Shares surged nearly 39% in after-hours trading following the report.
The Infrastructure Solutions Group, Dell's division covering servers and data........