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Surging demand for AI-optimized servers pushed Dell $DELL +3.84% Technologies to record first-quarter revenue of $43.84 billion — an 88% jump from a year earlier — marking a pace of expansion the company has not seen since going public.
Against LSEG consensus estimates of $2.94 per share and $35.43 billion in revenue, Dell delivered adjusted EPS of $4.86, according to CNBC. Shares surged nearly 39% in after-hours trading following the report.
The Infrastructure Solutions Group, Dell's division covering servers and data center equipment, generated $29 billion in revenue, a 181% increase. AI server revenue within that segment reached $16.1 billion, the company said, reflecting a 757% year-over-year gain. Dell also booked $24.4 billion in AI orders during the quarter.
Sales at Dell's Client Solutions Group, covering both consumer and commercial PC lines, climbed 17% to reach $14.6 billion, the company said.
