Dell Lifts Full-Year Outlook on 88% Q1 Sales Surge, Driven by AI Demand
DELL has more than doubled off its 52-week low of $106.38 on elevated volume (2.7× avg).
Summary
Dell significantly raised its full-year revenue outlook to $165 billion-$169 billion and lifted adjusted EPS guidance to $17.90, following an 88% surge in first-quarter sales to $43.84 billion. This strong performance, which saw Q1 profit quadruple to $3.44 billion, was driven by robust demand for AI products and server refreshes. The company also projects Q2 revenue between $44 billion and $45 billion, indicating continued strong momentum in the AI infrastructure market.
At the time of this announcement, DELL was trading at $408.24 on NYSE in the Technology sector, with a market capitalization of approximately $206.9B. The 52-week trading range was $106.38 to $327.73. This news item was assessed with positive market sentiment and an importance score of 10 out of 10. Source: Dow Jones Newswires.