Dell Technologies · Q1 FY2027 · May 28, 2026
Dell Technologies (DELL) Q1 FY2027 Earnings: AI Server Revenue, Raised Guidance & Stock Reaction
A structured quarterly research file based on the earnings release and cited primary documents. Consensus, transcript, Q&A, and price-reaction fields are shown only when verified data are available.
Year over year: +88%
Reported result
Reported result
Investment read
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 The next research checkpoint is the forward guide is the main post-earnings valuation reset.
Results check
Reported results
| Metric | Reported | YoY |
|---|---|---|
| Revenue | $43.8BRevenue: $43.8B revenue, up 88% year over year Source | +88% |
| Profitability | $5.24Profitability: $5.24 GAAP diluted EPS, $4.86 non-GAAP diluted EPS, and $4.1B operating cash flow Source | — |
| Guidance | $165BGuidance: FY2027 revenue guidance was raised to $165B-$169B, with AI-optimized server revenue expected near $60B Source | — |
Investor focus
What investors are likely to focus on
Potential result drivers
- 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
Verified after-hours, next-day, and benchmark-relative price data are not stored in this record. The factors above are research considerations, not a measured attribution of the stock move.
Next quarter
What to watch next
| Indicator | Current baseline | Next check | Source |
|---|---|---|---|
| Revenue | $43.8B | AI-optimized server revenue was $16.1B, up 757% year over year, and AI orders were $24.4B | Primary source |
| Profitability | $5.24 | The profit line has to be read with margin quality, cash flow, and any one-time factors. | Primary source |
| Guidance | $165B | The forward guide is the main post-earnings valuation reset. | Primary source |
Primary documents
Sources and documents
FAQ
Reader questions
What did Dell Technologies report for Revenue?
Revenue: $43.8B revenue, up 88% year over year
What did Dell Technologies report for Profitability?
Profitability: $5.24 GAAP diluted EPS, $4.86 non-GAAP diluted EPS, and $4.1B operating cash flow
What did Dell Technologies report for Guidance?
Guidance: FY2027 revenue guidance was raised to $165B-$169B, with AI-optimized server revenue expected near $60B