Dell Technologies Inc. has released its financial results for the first quarter of fiscal year 2027, along with guidance for the second quarter and the full fiscal year.

For Q1 FY2027, Dell reported revenue of $43.8 billion, a year-over-year increase of 88%, setting a new record. Diluted earnings per share (EPS) were $5.24, up 282% compared to the same period last year. Non-GAAP diluted EPS was $4.86, representing a 214% increase.

By business segment, the Infrastructure Solutions Group (ISG) generated Q1 revenue of $29.0 billion, a 181% year-over-year increase. Revenue from AI-optimized servers reached $16.1 billion, surging 757% and also hitting a record high. Revenue from traditional servers and networking was $8.5 billion, up 92%.

The Client Solutions Group (CSG) reported Q1 revenue of $14.6 billion, a 17% increase year-over-year. Within this segment, commercial client revenue was $13.0 billion, up 18%, while consumer revenue was $1.6 billion, a 9% increase. CSG operating profit was $1.2 billion, growing 79%.

Jeff Clarke, Vice Chairman and Chief Operating Officer of Dell Technologies, stated that the record first-quarter results reflect not only strong market demand but also the company's innovation across personal computing, compute, and storage. He noted that the company's AI-related orders totaled $24.4 billion, with AI server revenue recognized at $16.1 billion. Dell has raised its full-year FY2027 revenue expectation for AI servers to $60 billion, indicating that the market opportunity driven by AI remains robust.

For the second quarter of FY2027, Dell anticipates revenue to be in the range of $44.0 billion to $45.0 billion. The midpoint of $44.5 billion represents a projected year-over-year growth of approximately 49%.