Business
Dell Surges to Record High as AI Server Revenue Jumps 757%, Profit Beat Widest in Five Years
📅 May 28, 2026 21:00 ET
⏱ 2 min
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GazetaDay Editorial
Dell Technologies reported a 757% surge in artificial intelligence server revenue during the first quarter, while its profit exceeded analyst expectations by the largest margin in at least five years, sending shares to a record high.
AI Server Demand Drives Growth
The company’s AI-server revenue climbed to unprecedented levels in the three months ended April 30, 2026, reflecting soaring enterprise and cloud provider demand for hardware capable of running generative AI workloads. The 757% year-over-year increase underscores Dell’s strengthened position in the AI infrastructure market, where it competes with Hewlett Packard Enterprise and Super Micro Computer.
Profit Beat Reaches Five-Year Record
Earnings per share surpassed consensus estimates by the widest gap observed in at least half a decade, though Dell did not disclose the exact margin of the beat. The performance was fueled by higher-margin AI server configurations and improved supply chain efficiency, which helped offset rising component costs. Operating income for the Infrastructure Solutions Group, which houses the server business, more than tripled from the prior-year quarter.
Market Context
As of 11:30 AM EDT on May 28, 2026, the U.S. dollar traded at 71.37 Russian rubles (up 0.47 rubles), while the euro stood at 83.69 rubles (up 0.97 rubles). Bitcoin was priced at $73,613, down 1.1% over the past 24 hours. Benchmark crude oil futures hovered near $72 per barrel.
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