Summary:

• Record revenue of $43.8 billion, up 88% YoY
• Record diluted earnings per share (EPS) of $5.24, up 282% YoY, and record non-GAAP
  diluted EPS of $4.86, up 214%
• Record first-quarter cash flow from operations of $4.1 billion

Dell Technologies announced financial results for its fiscal 2027 first quarter and provides guidance for its fiscal 2027 second quarter and full year.“Our record Q1 performance reflects strong in-quarter demand, as well as our pace of innovation across the full stack of PCs, compute and storage,” said Jeff Clarke, vice chairman and COO, Dell Technologies. “We booked $24.4 billion in AI orders and recognized $16.1 billion of AI server revenue. We’re increasing our AI server revenue expectations for FY27 to $60 billion, which only goes to show the AI opportunity shows no signs of slowing.”

“Execution was exceptionally strong across the business – from supply chain to sales to pricing – driving record revenue of $43.8 billion, record EPS, record Q1 cash flow of $4.1 billion and continued strong shareholder returns of $2.1 billion,” said David Kennedy, CFO, Dell Technologies. “We entered FY27 with clear momentum, raising our full-year revenue outlook to $167 billion at the midpoint, up nearly 50% year over year.”

Infrastructure Solutions Group (ISG)

• Record revenue: $29.0 billion, up 181% YoY
• Record AI-Optimized Servers revenue: $16.1 billion, up 757% YoY
• Record Traditional Servers and Networking revenue: $8.5 billion, up 92% YoY
• Record first-quarter Storage revenue: $4.3 billion, up 8% YoY
• Record operating income: $3.1 billion, up 206% YoY

Client Solutions Group (CSG)

• Revenue: $14.6 billion, up 17% YoY
• Record Commercial Client revenue: $13.0 billion, up 18% YoY
• Consumer revenue: $1.6 billion, up 9% YoY
• Record operating income: $1.2 billion, up 79% YoY