Dell Earnings The 'Widest' In Its Public History, Says This Analyst, But Jim Cramer Thinks Nvidia Is 'Still The King'

On Thursday, Dell Technologies Inc (NYSE:DELL) delivered a blockbuster quarterly report that prompted bullish reactions from analysts and market commentators.

Dell Earnings Crush Estimates As AI Demand Accelerates

Dell reported first-quarter revenue of $43.84 billion, significantly ahead of analyst estimates of $35.45 billion. Adjusted earnings came in at $4.86 per share, topping expectations of $2.94 per share.

The company's strong showing sent shares sharply higher in after-hours trading, with the stock rising nearly 40%.

Jim Cramer Says Investors Should ‘Embrace The Bull'

Market commentator Jim Cramer pointed to Dell's results as further evidence that AI infrastructure spending remains robust.

"As I kept emphasizing at the top of these last two shows, you have to embrace the bull when it comes to real AI like what Dell delivers," Cramer wrote on X.

He also named companies such as Arm Holdings Plc (NASDAQ:ARM), Snowflake Inc. (NYSE:SNOW), Intel Corp. (NASDAQ:INTC), Advanced Micro Devices, Inc. (NASDAQ:AMD), Applied Materials (NASDAQ:AMAT) and Nvidia Corp (NASDAQ:NVDA), saying, “and yes the latter is still the king.”

Analysts Call Dell's Quarter A Historic Blowout

Patrick Moorhead, chief analyst at Moor Insights & Strategy, described the quarter as extraordinary.

"I’ve written 5 different versions of an insightful $DELL earnings post, but it didn’t do it justice," Moorhead wrote on X. "Beats by the widest margin in Dell’s history as a public company.  What an absolute blowout like I have never seen before."

Meanwhile, Futurum Group CEO Daniel Newman highlighted how AI demand appears to be broadening beyond major cloud providers.

"757% AI Server Sales Growth and it beat EPS by $2.00," Newman wrote, adding that demand came from enterprise and neocloud customers rather than hyperscalers.

Dell Raises Outlook As AI Server Sales Surge

Dell forecast second-quarter revenue between $44 billion and $45 billion, well above expectations of $34.99 billion, while projecting adjusted earnings of $4.80 per share versus estimates of $2.98.

The company also raised its fiscal 2027 revenue outlook to a range of $165 billion to $169 billion, up from its previous guidance of $138 billion to $142 billion, signaling confidence that AI-driven demand will remain strong.

Benzinga Edge Stock Rankings place DELL in the 97th percentile for Momentum, with the stock showing bullish signals across short, medium and long-term time frames.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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