On June 12, Dell Technologies rose 3.53% in regular trading, trading at $406.19/share, with turnover of $851 million. The stock continues to build on momentum following its blockbuster Q1 FY2027 earnings report released on May 28.

Dell reported quarterly revenue of $43.8 billion, surging 88% year-over-year and beating consensus estimates by approximately $8.4 billion. Adjusted EPS came in at $4.86, representing a 214% increase and marking the largest earnings beat in at least five years. The AI server business was the core growth engine, with AI-optimized server revenue reaching $16.1 billion, up 757% year-over-year, while new AI orders totaled $24.4 billion in the quarter. Backlog for AI servers hit a record $51.3 billion.

Based on surging demand, Dell raised its full-year revenue guidance to $165-169 billion from the prior $138-142 billion range, and lifted its AI server annual revenue target to approximately $60 billion. Management noted that demand continues to outpace supply capacity, with memory components remaining the primary constraint, and customers signing multi-year supply agreements of three to five years.

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