DELL's Strong AI Server Backlog Boosts Prospects: What's Ahead?

Dell Technologies ended fiscal Q1 2027 with a record $51.3B AI backlog and AI server revenues of $16.1B (up 757% YoY), driving ISG revenues to $29B. The company raised its fiscal 2027 AI server revenue guidance to approximately $60B, supported by a growing customer base exceeding 5,000. However, Dell faces intense competition from NVIDIA and Cisco in the AI infrastructure market.