Dell Stock Rockets 33% to Its Best Day Ever as AI Server Revenue Explodes 757% to $16 Billion

Dell Technologies shares closed nearly 33% higher on Friday, the company's best single day since returning to public markets in 2018, after a blowout quarter driven by surging demand for AI servers. Adjusted earnings hit $4.86 per share on $43.8 billion in revenue, crushing Wall Street estimates of $2.96 and $35.8 billion. The stock is now up roughly 234% in 2026.

The engine was AI infrastructure. Dell booked $24.4 billion in AI orders during the quarter and reported $16.1 billion in AI server revenue, a staggering 757% jump from a year earlier, alongside a record $51.3 billion AI-related backlog. Management sharply raised its outlook, lifting full-year revenue guidance to about $167 billion, including $60 billion from AI servers.

The results underline how the AI buildout is reshaping the hardware industry. The same day, space stocks slid after Blue Origin's New Glenn rocket exploded during a test, but AI-exposed names helped drive Wall Street to fresh records to cap a winning month.