US Stock Market Move | Dell Technologies, Inc. Class C technology (DELL.US) soared more than 33% in the first quarter of the fiscal year 2027, greatly exceeding expectations.

On Friday, Dell Technologies, Inc. Class C (DELL.US) surged more than 33%, reaching a record high of $422.42 per share, marking the largest gain since 2024. The company's financial report for the first quarter of the 2027 fiscal year (ending May 1, 2026) showed revenue of $43.8 billion, an 88% year-on-year increase and exceeding analysts' most optimistic expectations by 21%. Non-GAAP earnings per share were $4.86, 66% higher than the most optimistic forecast. The explosive growth in performance for the quarter was mainly driven by the strong performance of the AI server business. The financial report revealed that revenue from AI-optimized servers reached $16.1 billion for the quarter, a staggering 757% year-on-year increase. Currently, the order size for AI servers has reached $24.4 billion, and Dell Technologies, Inc. Class C expects annual AI server revenue to reach approximately $60 billion, a 144% year-on-year increase. In terms of profitability, Dell Technologies, Inc. Class C achieved a GAAP diluted earnings per share of $5.24 for the quarter, a 282% year-on-year increase, and generated $4.1 billion in cash flow from operating activities, also setting a single-quarter record high. The company returned $2.1 billion to shareholders through stock repurchases and dividends. Jeff Clarke, Vice Chairman and Chief Operating Officer of Dell Technologies, Inc. Class C, stated that the record performance reflects strong market demand and the company's innovative strides in the PC, computing, and storage full-stack fields. Based on this, Dell Technologies, Inc. Class C remains optimistic about the future, expecting second-quarter revenue to be between $44 billion and $45 billion, a 49% year-on-year increase; and raising full-year revenue expectations to a range of $165 billion to $169 billion, with a projected 47% year-on-year increase.