Dell's fourth quarter 2026 revenue of $33.4B beats estimates, driven by record AI server backlog and strong guidance.

Dell reported fourth-quarter fiscal 2026 revenue of $33.4 billion, an increase of 39% year-over-year, with GAAP diluted EPS of $3.37. These results surpassed analyst expectations, driven by significant demand for the company's AI-enabled infrastructure.

Key Highlights

• The company's Infrastructure Solutions Group (ISG) was the primary growth driver, with revenue surging 73% year-over-year to $19.6 billion.
• Revenue from AI-Optimized Servers reached a record $9.0 billion for the quarter, growing 342% year-over-year, and the company enters fiscal 2027 with a total backlog of $43 billion.
• Dell issued strong guidance for fiscal 2027, projecting revenue growth of 23% to a midpoint of $140 billion and projecting AI-Optimized Server revenue to be roughly $50 billion.