Why Dell Technologies stock is on fire today | Fast Company

Added: 2026-06-03

[00:00:00]Listen up Apple loyalists. The stock market is favoring Dell Technologies today after the legacy PC maker announced Q1 results that blew past all expectations. And surprise, surprise, AI is the driving force behind the tech company's stellar quarter. For Q1 2027, Dell reported 88% year-over-year revenue growth for the quarter, which totaled $43.8 billion, a quarterly record for the company.

[00:00:29]Adjusted earnings per share, EPS for short, reached $4.86, representing a growth of 214%.

[00:00:38]To put those numbers in perspective, analysts expected Dell to post significantly lower revenue and EPS, around $35.43 billion and an adjusted EPS of $2.94.

[00:00:52]The big reason for this surge comes down to the success of Dell's Infrastructure Solutions Group, or ISG. ISG handles the company's servers and data center products and saw 181% year-over-year revenue growth during the quarter. Specifically, the division's AI-optimized servers revenue came in at $16.1 billion, representing a massive 757% year-over-year growth. Dell's current stock price is now the highest it has been ever since the company went public for a second time in December 2018.