Dell Technologies · 2026-05-28
Dell Technologies (DELL) Fiscal Q1 2027 Earnings: AI Server Revenue, Raised Guidance & Stock Reaction Earnings Release Summary
Revenue: $43.8B revenue, up 88% year over year; Profitability: $5.24 GAAP diluted EPS, $4.86 non-GAAP diluted EPS, and $4.1B operating cash flow; Guidance: FY2027 revenue guidance was raised to $165B-$169B, with AI-optimized server revenue expected near $60B
Revenue: $43.8B revenue, up 88% year over year
Profitability: $5.24 GAAP diluted EPS, $4.86 non-GAAP diluted EPS, and $4.1B operating cash flow
Guidance: FY2027 revenue guidance was raised to $165B-$169B, with AI-optimized server revenue expected near $60B
Reported data
DELL key reported figures
Revenue: $43.8B revenue, up 88% year over year
AI-optimized server revenue was $16.1B, up 757% year over year, and AI orders were $24.4B
Profitability: $5.24 GAAP diluted EPS, $4.86 non-GAAP diluted EPS, and $4.1B operating cash flow
The profit line has to be read with margin quality, cash flow, and any one-time factors.
Guidance: FY2027 revenue guidance was raised to $165B-$169B, with AI-optimized server revenue expected near $60B
The forward guide is the main post-earnings valuation reset.
Sources