Dell Just Delivered the Biggest AI Earnings of the Year

Dell just crushed estimates by $8 billion. AI server backlog hit $51B. Here is why the run is not over. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  

June 2, 2026 Dell Just Delivered the Biggest AI Earnings of the Year Dell Technologies (DELL) reported Q1 FY2027 revenue of $43.8 billion, an 88% jump year-over-year that crushed Wall Street estimates by $8.4 billion. The catalyst: AI server revenue hit $16.1 billion, up 757% from the same period last year. The stock surged over 32% to an all-time high of $467 in the days following the print. The company booked $24.4 billion in new AI orders during the quarter and exited with a record $51.3 billion backlog. That is not slowing demand. That is a company that cannot build product fast enough. Dell raised its full-year FY2027 AI server guidance to $60 billion and total revenue guidance to $167 billion. Non-GAAP EPS of $4.86 beat estimates by 60%. The analyst consensus is Buy, with Goldman Sachs raising its target to $500 and Susquehanna going to $700. The median target across 15 firms sits at $497. The old PC company is the new AI infrastructure trade. Read the full analysis › Sponsored 4,000 Mystery Crates. Elon's Next Big Venture. And One Stock to Own Before July 22. They are showing up at Air Force bases, power facilities, and city centers across 48 locations in 14 states. Former hedge fund manager Adam O'Dell believes these mystery white crates mark the launch of Elon's greatest-ever invention, and he says investors who get positioned before July 22 could walk away wealthier than they ever imagined. He is giving away the name of his top pick free. Watch the briefing › You are receiving this e-mail at fromworksmart.jewelry@blogger.com, as part of your subscription to Money Morning. Manage Your Preferences by clicking here. No longer interested? Unsubscribe. © 2026 Money Morning. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication prior to following an initial recommendation. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Agora Media, 14 West Mt Vernon Place, Baltimore, MD 21201. Money Morning is a First Light Financial, LLC publication. To contact us call 866-616-2166 or visit us online. Website  |  Privacy Policy  |  Terms & Conditions