Dell (DELL) reported fiscal first-quarter income that topped analysts’ expectations, pushed by progress in synthetic intelligence server gross sales.

The Nvidia (NVDA) companion’s quarterly income grew 5% year-over-year to $23.38 billion, above the analyst consensus from Seen Alpha. Servers and networking income jumped 16% to a file $6.3 billion, pushed by what Chief Working Officer Jeff Clarke referred to as “unprecedented demand for our AI-optimized servers.” The corporate generated $12.1 billion in AI orders within the first quarter, greater than it delivered within the entirety of the previous fiscal yr.

Whereas adjusted internet earnings of $1.09 billion, or $1.55 per share, rose from $959 million, or $1.32 per share, within the year-ago quarter, the figures got here up wanting Wall Road estimates.

Trying forward, Dell maintained its fiscal 2026 income forecast of $101 billion to $105 billion and lifted its adjusted EPS projection to $9.40 from $9.30 on the midpoint. Analysts had referred to as for $102.07 billion in income and adjusted EPS of $8.95, respectively.

Morgan Stanley analysts final week stated Dell’s AI phase is “gaining momentum,” and advised the corporate may see practically $20 billion in AI server income this yr.  

Shares of Dell rose about 2% in after-hours buying and selling. The inventory was down roughly 1% for 2025 via Thursday’s shut.

This text has been up to date because it was first printed to replicate newer share value values.