Dell Technologies Inc - Class C

Dell Technologies delivered a landmark quarter to close fiscal year 2026, posting Q4 revenue of $33.38 billion, up 40.2% year over year, and non-GAAP EPS of $3.89, beating the $3.51 consensus estimate by 10.83%, as an unprecedented surge in AI-optimized server demand rewrote the company's financial profile. The single most powerful driver was Dell's Infrastructure Solutions Group, where AI-optimized server revenue alone reached $8.95 billion in the quarter, helping ISG post record revenue of $19.60 billion, up 73%. For those <a href="https://247wallst.com/investing/2026/02/26/live-earnings-will-dell-technologies-dell-spike-after-q4-results/">watching the results closely</a>, the AI momentum was hard to overstate: Dell closed more than $64.00 billion in AI server orders across the full fiscal year and enters FY27 with a record $43.00 billion backlog. Management's forward guidance reflected that confidence, with FY27 revenue targeted at $140.00 billion at midpoint, up 23%, and AI-optimized server revenue projected near $50.00 billion, roughly doubling year over year, while analysts tracking competing AI infrastructure suppliers noted Dell's scale as an increasingly formidable competitive force.