AI-optimized servers
Largest growth driver; orders and backlog are far above quarterly revenue.
The numbers
What it is
AI-optimized servers are GPU-based systems that Dell builds for AI training and inference. Dell began reporting them as a separate product category in the fourth quarter of fiscal 2026. Management has said supply availability remains the main constraint on how fast this revenue can grow.
Why it matters to the stock. This line now drives most of Dell's revenue growth and sets the company's guidance. Its backlog and order flow are the first numbers to check each quarter, and its growth now dominates Dell's reported results.
News
Dell declares $0.63 quarterly dividend, payable October 30
Dell's board declared a quarterly cash dividend of $0.63 per share on September 1, 2026.
Dell Q1 FY2027 revenue jumps 88% to $43.8B as AI server revenue rises 757%; outlook raised
Dell reported first-quarter fiscal 2027 revenue of $43.8 billion, up 88%, with AI-optimized server revenue up 757% to $16.1 billion and AI orders of $24.4 billion.
Dell shares rise about 11% premarket after forecast for AI server revenue to roughly double
Dell shares rose about 11% in premarket trading on February 27, to $135.17, after the company forecast AI-optimized server revenue of about $50 billion in fiscal 2027, up 103%.
Dell raises its cash dividend 20% and adds $10B to its share buyback authorization
Alongside its fourth-quarter results, Dell said it is raising its cash dividend by 20% and increasing its share repurchase authorization by $10 billion.
Dell previews Vera Rubin NVL72 PowerEdge servers and Spectrum-6 switching at CES 2026
At CES 2026 Dell previewed upcoming PowerEdge servers built on NVIDIA Vera Rubin NVL72, which it says deliver 3.6 exaflops of AI performance and 75TB of fast memory per system.