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Dell Technologies expected to beat Q1 estimates and raise full-year outlook on strong AI server demand

Company Fundamentals
20 May 2026
Proactive Investors
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Bullish
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Bank of America forecasts Dell Technologies will surpass Wall Street expectations in its upcoming Q1 report, driven by strong demand for AI servers and better-than-expected PC sales. The brokerage raised its price target to $280 and anticipates Dell will raise its full-year revenue outlook to $143-$147 billion. AI server revenue is projected to reach $15 billion in Q1 with a robust order backlog. While PC demand is strong in the first half, a slowdown is expected in the second half of the year. Overall, Dell's growth is fueled by enterprise AI adoption and infrastructure solutions.

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