Dell Technologies (DELL) — Research Summary as of August 30, 2026

Key Recent Catalysts (Last ~1–3 Months)

Record AI Server Backlog and Q1 FY2027 Blowout

Dell reported fiscal Q1 2027 revenue of $43.84 billion, representing an extraordinary 88% year-over-year increase, which sent shares up nearly 40% in extended trading [2]. The company posted EPS of $4.86 and disclosed a record $51.3 billion AI server backlog [1][9]. The Infrastructure Solutions Group was highlighted as the primary revenue driver, powered by surging AI server demand [9].