Dell’s AI servers are selling like crazy—jumping 38% after hours. At last, the old-money crowd has finally caught on to the compute-power narrative.

Dell Fiscal Year 2027 Q1 revenue was $43.84 billion, up 88% year over year, driven by AI demand. It raised full-year revenue guidance to $1650–$1690 billion, and the adjusted median EPS rose to $17.90. Q1 net profit was $34.4 billion; EPS was $5.24, and after excluding one-time items, EPS was $4.86, beating market expectations. Infrastructure solutions revenue rose to $290 billion, nearly doubling, driven by AI optimization and traditional servers. Revenue for the next quarter is expected to be $44.0–$45.0 billion, with adjusted median EPS of $4.80. After-hours, the stock price rose by about 38%.