Dell Technologies reported Q1 FY 2027 results dated May 28th, with revenue of $43.8 billion, an 88% increase. AI-optimized servers surged 757% to $16.1 billion. The company raised its full-year revenue target to $167 billion and increased EPS estimates to $17.90. The stock pulled back to the $475 mark and consolidated to $437. Revenue surpassed market expectations by as much as $8 billion. Adjusted EPS came in at $4.86. The Infrastructure Solutions Group generated $29 billion in revenue, an 181% improvement. Dell set an all-time record with 4.1 billion USD of cash flow and returned $2.1 billion to shareholders. The company entered the quarter with a $51.3 billion AI server backlog and reported $24.4 billion in AI server sales during Q1. Management stated they are still receiving more orders than they can fulfill. For full fiscal year 2027, updated guidance suggests revenue of $165 billion to $169 billion, with $167 billion as the midpoint, reflecting a year-over-year increase of nearly 47%, and improvements from the Street's revenue estimate of $142.5 billion. Adjusted EPS guidance is now $17.90, an improvement from previous guidance of $13.09. Infrastructure Solutions Group revenue is expected to be nearly $60 billion for the fiscal year.