Dell's AI Server Revenue Soars 757% in Q1 Beat, Analysts Boost Price Targets
Summary
Dell reported record first-quarter results, with revenue surging 88% year-over-year to $43.84 billion, significantly exceeding analyst estimates. This performance was fueled by a 757% increase in AI server revenue, reaching $16.1 billion and now exceeding PC unit sales. The company also raised its full-year AI-optimized server revenue forecast to $60 billion for fiscal 2027. This follows the May 28th 8-K filing detailing record Q1 results and a raised full-year outlook. The strong beat and robust AI demand have prompted multiple Wall Street analysts, including Bank of America, JPMorgan, Citigroup, and Barclays, to significantly raise their price targets, some to $500 or higher, signaling strong conviction in Dell's AI growth trajectory.
At the time of this announcement, DELL was trading at $420.52 on NYSE in the Technology sector, with a market capitalization of approximately $274.6B. The 52-week trading range was $106.38 to $429.15. This news item was assessed with positive market sentiment and an importance score of 10 out of 10. Source: CNBC TV18.