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StocksMediumUpdated•Originally published 28 May 2026•Updated 29 May 2026•

1 min read

Dell Jumps 30% to a Record High After Historic AI-Driven Quarter

Key Facts

1Total revenue hit a record $43.8B (+88% YoY); AI-optimized server revenue surged 757% to $16.1B.

2Dell closed at $413.90 on May 29, 2026, up about 30.5% (from $317.05) after the results.

5 days ago

Version History

Version 15 days ago

What changed: Fact correction: prior +4%/$318.01 used the pre-earnings May28 close; real post-earnings move was +30.5% to $413.90 on May29 (FMP). AI servers +757%.

Dell Technologies shares climbed about 30% to close at $413.90 on May 29, 2026 (up from $317.05), after fiscal Q1 2027 results blew past analyst expectations. Total revenue reached a record $43.8 billion, up 88% year over year, driven by exceptional demand for AI servers.

The standout was the AI-optimized server segment, where revenue surged 757% to $16.1 billion. Non-GAAP EPS came in at $4.86 (+214%), and Dell raised its full-year revenue outlook to roughly $167 billion at the midpoint. The results underscore Dell's growing role in supplying AI infrastructure in partnership with Nvidia.

With the stock trading near record highs, traders are watching whether the momentum extends into coming quarters — particularly given margin pressure from the mix shift toward lower-margin AI servers, with gross margin easing to 17.7%. The pace of AI-infrastructure demand remains the key driver of the stock's direction.