Dell hits record annual revenue as it cashes in on the AI data center boom, and predicts more gains ahead

"The AI opportunity is meaningfully growing and transforming the company. We closed more than $64 billion in AI optimized server orders, shipped more than $25 billion throughout the year, and are entering FY27 with record backlog of $43 billion - powerful proof that our engineering leadership and differentiated AI solutions are winning."

"Annual revenue in the company's Infrastructure Solutions Group (ISG), which sells servers and storage infrastructure, was up 40% across the financial year, and Dell projected sales would continue to surge in 2027. The Texas-based company said it expected AI-optimized server sales to grow 103% and deliver $50 billion in revenue in the current financial year."

Dell reported record annual revenue of $113.5 billion, representing 19% year-over-year growth for the fiscal year ending January 30. The company's Infrastructure Solutions Group, which sells servers and storage infrastructure, experienced 40% revenue growth. Dell projects AI-optimized server sales will grow 103% and generate $50 billion in revenue in the current fiscal year. The company closed over $64 billion in AI-optimized server orders and shipped more than $25 billion throughout the year, entering the new fiscal year with a record $43 billion backlog. Dell raised product prices in December due to industry-wide shortages of storage and memory components. Strong earnings from Dell, Nvidia, and Meta have helped ease investor concerns about an AI bubble.

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