Overview

• Dell reported first-quarter revenue of $23.38 billion, slightly above LSEG estimates of $23.14 billion, even as adjusted EPS missed at $1.55 versus $1.69.
• Unprecedented demand from second-tier cloud providers such as Coreweave helped Dell generate $12.1 billion in AI orders in Q1 and build a $14.4 billion AI backlog.
• The company raised its full-year adjusted earnings forecast by $0.10 to $9.40 per share, attributing the increase to higher-margin AI system sales.
• Dell projects second-quarter revenue of $28.5 billion to $29.5 billion, well above analysts’ consensus of about $25.05 billion.
• The U.S. Department of Energy’s new Doudna supercomputer will leverage Dell and Nvidia’s advanced AI technology.