Overview
- Dell’s first-quarter revenue grew 5% year-over-year to $23.38 billion, with its Infrastructure Solutions Group revenue up 12% to $10.3 billion.
- The company recorded $12.1 billion in AI server orders for Q1 FY2026, exceeding full fiscal 2025 shipments and boosting its backlog to $14.4 billion.
- Dell expects to ship about $7 billion of AI server backlog in Q2 and forecasts revenue between $28.5 billion and $29.5 billion for the quarter.
- The full-year adjusted EPS outlook was raised to $9.40 per share from $9.30, reflecting strong margins on AI-optimized systems.
- COO Jeff Clarke cautioned that AI server demand will remain lumpy and nonlinear due to complex supply-chain and deployment dependencies.