[Dell's Stock Surges Over 38% After Hours! Q1 Revenue Far Exceeds Market Expectations] BlockBeats News, May 29: Dell's fiscal year 2027 Q1 revenue reached $43.84 billion, compared to $23.378 billion in the same period last year, surpassing the market expectation of $35.408 billion. Driven by demand for AI products, Dell's first-quarter sales soared 88%, prompting the company to raise its full-year outlook. The company stated on Thursday that it now expects full-year revenue to reach $165 billion to $169 billion, up from the previous range of $138 billion to $142 billion. Dell also raised the midpoint of its adjusted earnings per share forecast from $12.90 to $17.90. In the first quarter, Dell achieved a profit of $3.44 billion, equivalent to earnings per share of $5.24, compared to a profit of $965 million and earnings per share of $1.37 in the same period last year. Excluding certain one-time items, adjusted earnings per share were $4.86, exceeding the $2.96 expected by analysts surveyed by FactSet. Revenue surged 88% to $43.84 billion. The growth in sales was driven by the Infrastructure Solutions Group, whose revenue nearly doubled to $29 billion. This growth was fueled by AI-optimized servers and traditional servers. Dell expects current second-quarter revenue to be between $44 billion and $45 billion, with the midpoint of adjusted earnings per share at $4.80. According to FactSet's analyst survey, analysts had expected revenue of $35.1 billion and adjusted earnings per share of $2.99. Following the earnings report, Dell's stock spiked sharply after hours, currently up 38.29%.