Dell Q1 Revenue Hits $43.8B, J.P. Morgan Stays Overweight
DELL has more than doubled off its 52-week low of $110.22.
Summary
Dell reported Q1 revenue of $43.8B, up 88% year-over-year, driven by AI-optimized server demand. Infrastructure Solutions revenue exceeded $29B (+181%), with AI servers contributing $16.1B. J.P. Morgan maintained its Overweight rating and $565 price target, citing strong AI infrastructure demand and a projected 47% revenue rise. This follows the 10-Q filed June 9th, which already highlighted exceptional results; today's headline adds the analyst rating and specific segment figures. The company also repurchased $2.1B in shares during the quarter.
At the time of this announcement, DELL was trading at $459.00 on NYSE in the Technology sector, with a market capitalization of approximately $295.6B. The 52-week trading range was $110.22 to $514.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.