Driven by AI product demand, Dell reported Q1 revenue up 88% to $43.84bn and
raised its full-year guidance. The company now expects fiscal-year revenue of
$165bn–$169bn, up from $138bn–$142bn, and lifted the midpoint of adjusted EPS
guidance from $12.90 to $17.90. Dell posted Q1 GAAP profit of $3.44bn, or $5.24
per share, versus $965m, or $1.37, a year earlier. Adjusted EPS was $4.86,
beating the FactSet estimate of $2.96. Revenue was driven by the Infrastructure
Solutions Group, which nearly doubled to $29.0bn on strength in AI-optimized and
traditional servers. Dell guided Q2 revenue of $44.0bn–$45.0bn with an adjusted
EPS midpoint of $4.80; FactSet consensus had forecast $35.1bn revenue and $2.99
adjusted EPS. Shares rallied in after-hours trading, rising more than 12%.
