Dell raises financial forecast due to increased AI data center demand; stock jumps 39% after hours
Dell Technologies raised its annual revenue and profit forecasts due to surging demand for AI servers. Demand for AI-optimized servers is driving data center expansion, causing Dell's stock to jump approximately 39% in after-hours trading. AI server revenue is expected to reach $60 billion by fiscal year 2027.
📋 Article Processing Timeline
- 📰 Published: May 29, 2026 at 10:44
- 🔍 Collected: May 31, 2026 at 23:56 (61h 12m after Published)
- 🤖 AI Analyzed: June 2, 2026 at 00:36 (24h 40m after Collected)
Dell Technologies raised its annual revenue and profit forecasts on the 28th, as customers expand data center construction, driving demand for AI-optimized servers equipped with NVIDIA's advanced chips. Following the announcement, Dell's stock jumped approximately 39% in after-hours trading. Dell now expects AI server revenue to reach approximately $60 billion by fiscal year 2027, up from its previous forecast of $50 billion. First-quarter revenue grew 88% to $43.84 billion, significantly exceeding market expectations. By leveraging its supply chain strengths, Dell has become one of the biggest winners in the generative AI boom.
FAQ
What is Dell's AI server revenue target?
They expect it to reach approximately $60 billion by fiscal year 2027.