Dell (DELL) Shares Climb 39% After Record Revenue Growth Report

AI Summary

Dell Technologies (DELL) reported its fastest revenue growth since returning to the public market, with sales increasing nearly 88% year-over-year for the quarter ending May 1. Adjusted earnings per share rose to $4.86, surpassing estimates of $2.94, while revenue reached $43.84 billion, exceeding the expected $35.43 billion. Dell also highlighted an increase of 757% in AI server revenue to $16.1 billion, projecting full-year AI revenue of $60 billion, reflecting 144% growth. The stock surged by 39% in extended trading and is up over 150% for the year.