Dell Technologies Inc. (NYSE:DELL) stock surged in premarket trading Friday after the company reported first-quarter results that topped Wall Street expectations, raised its full-year outlook, and issued stronger-than-expected guidance for the current quarter, driven by accelerating demand for artificial intelligence infrastructure.
The company also highlighted ongoing supply constraints in key semiconductor components, including memory and processors, as AI-related demand continues to exceed available supply.
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AI Demand Drives Record Results
Dell reported first-quarter revenue of $43.84 billion, surpassing analyst estimates of $35.45 billion, according to Benzinga Pro. Adjusted earnings came in at $4.86 per share, well above expectations of $2.94 per share.
