Dell Technologies Reports 5% Revenue Growth Driven by AI Server Demand

Dell Technologies Inc. (NYSE: DELL) shares traded at $112.16, down 1.29%, following its Q1 2026 earnings release. The company posted a 5% revenue increase to $23.4 billion, fueled by robust demand for AI-optimized servers. Earnings per share ROSE 17% year-over-year to $1.55, outpacing revenue growth.

AI server orders reached $12.1 billion in Q1, surpassing total fiscal 2025 shipments. This surge prompted Dell to raise its full-year profit forecast. However, consumer revenue declined 19%, squeezing margins.

The Infrastructure Solutions Group (ISG) delivered strong performance, offsetting weakness in other segments. Major clients like Elon Musk’s xAI contributed to the AI server boom, signaling sustained enterprise demand for high-performance computing infrastructure.