Dell also posted adjusted earnings of $4.86 per share, far ahead of Wall Street expectations of $2.94|Jjpwiki|CC BY-SA 4.0
Dell Technologies delivered a blockbuster earnings report that sent its stock soaring nearly 33% on Friday, marking the best single-day gain in the company’s history.
The surge followed Dell’s strongest revenue growth since its return to the public markets in 2018, fueled by booming demand for artificial intelligence infrastructure.
The tech firm reported first-quarter revenue growth of nearly 88% from a year earlier. Revenue from AI servers jumped an astonishing 757% to $16.1 billion as businesses rushed to deploy systems powered by Nvidia graphics processing units.
Dell also posted adjusted earnings of $4.86 per share, far ahead of Wall Street expectations of $2.94.
Analysts described the results as one of the strongest quarters ever seen in the hardware industry. Several firms, including Morgan Stanley, admitted they underestimated Dell’s performance and are reviewing their forecasts.
The company’s momentum extends beyond AI. This week, Dell secured a $9.7 billion Pentagon software contract.
In December, founder Michael Dell and his wife, Susan, had pledged $6.25 billion to seed the newly created “Trump accounts,” which would help around 25 million kids.
Dell shares have now gained 234% in 2026, reflecting investor confidence in its growing role in the AI boom.