Dell Technologies (DELL) stock ended Thursday’s trading session higher after the company boosted its annual revenue and profit expectations. Shares rose around 30% in extended trading, continuing a 53% rally in the last 30 days. The strong results show how Dell has turned into one of the biggest winners of the generative AI boom in 2026, and why the US Government is now backing the company.
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— Watcher.Guru (@WatcherGuru) May 28, 2026$DELL is up 57% since President Trump said to buy the stock on May 8th.
Yesterday, the US government announced a $9.7 billion contract with Dell. pic.twitter.com/KAnIWZdwIP
Dell said it now expects AI server revenue of roughly $60 billion for fiscal 2027, up from its prior expectations of $50 billion. It raised its annual revenue forecast to between $165 billion and $169 billion, a sharp increase from its previous forecast of $138 billion to $142 billion. Additionally, Dell recently reported better-than-expected results, with Q1 revenue of $43.84 billion and adjusted EPS of $4.86, while AI-related demand and server sales were cited as major growth drivers.
“We’re repricing, it feels like, every day. And I’m sure our customers feel that pain. Unfortunately, I don’t see that changing given the world that we’re living in today where you have an inflationary environment,” Dell’s chief operating officer Jeff Clarke said on a post-earnings call. He and the company went on to post second-quarter revenue and adjusted profit per share forecasts that were above market estimates.