Dell Technologies reported a mixed fiscal first-quarter earnings report, missing Wall Street expectations but beating revenue forecasts and raising its full-year adjusted earnings per share outlook.
The company expects $2.25 in adjusted earnings per share for the current quarter, with revenue ranging from $28.5 billion to $29.5 billion. This is higher than LSEG’s estimates of $1.55 adjusted EPS and $23.38 billion revenue.
Dell attributes its strong guidance to an anticipated $7 billion in artificial intelligence systems expected to ship during the quarter, which are higher-margin than other Dell systems. The company has $14.4 billion in confirmed AI orders in backlog, with second-tier cloud providers like Coreweave driving demand for AI systems.
For the full year, Dell maintains its revenue guidance at $103 billion but raises its adjusted earnings per share forecast to $9.40, a 10-cent increase from the previous outlook. The server business saw significant growth, increasing by 12% and recording $10.3 billion in sales, while the laptop and PC business reported a notable recovery in the global market.
Dell also increased its shareholder capital return during the quarter, spending $2.4 billion on share repurchases and dividends. Overall, revenue grew 5% year-over-year, with an expected 8% growth for the fiscal year.
Source: https://www.cnbc.com/2025/05/29/dell-earnings-report-q1-2026.html