{"id":164031,"date":"2026-05-29T20:26:27","date_gmt":"2026-05-29T20:26:27","guid":{"rendered":"https:\/\/christiancorner.us\/index.php\/2026\/05\/29\/dell-gains-32-after-stellar-earnings-closes-best-day-ever\/"},"modified":"2026-05-29T20:29:16","modified_gmt":"2026-05-29T20:29:16","slug":"dell-gains-32-after-stellar-earnings-closes-best-day-ever","status":"publish","type":"post","link":"https:\/\/christiancorner.us\/index.php\/2026\/05\/29\/dell-gains-32-after-stellar-earnings-closes-best-day-ever\/","title":{"rendered":"Dell gains 32% after stellar earnings, closes best day ever"},"content":{"rendered":"<p>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108313997\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108313997\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000414431\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>shares of <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Dell Technologies<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>    It closed 32.76% higher on Friday, its best day ever, after recording the company&#8217;s fastest pace for revenue growth in any period since returning to the public markets in 2018. <\/p>\n<p>The stock slightly surpassed its previous record set on March 1, 2024, when it rose 31.6%. Shares are now up 234% in 2026.<\/p>\n<p>Dell, which reported first-quarter earnings after the bell on Thursday, saw a flood of artificial intelligence-related demand for its servers, which include the companies&#8217; graphics processing units. <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-4\">NVIDIA<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>. <\/p>\n<p>Quarterly revenue increased nearly 88% year over year, with AI server revenue alone increasing 757% from a year earlier to $16.1 billion. Adjusted earnings per share came in at $4.86, beating expectations of $2.94.<\/p>\n<p>Ben Reitz, head of technology research at Melius, said he had &#8220;never seen anything like this&#8221; in Dell&#8217;s latest quarter.<\/p>\n<\/div>\n<div class=\"group\">\n<p>&#8220;They beat every line of the model, so it wasn&#8217;t just AI, it was great execution,&#8221; Reitz told CNBC&#8217;s &#8220;Squawk on the Street.&#8221; \u201cThey beat what we thought.\u201d<\/p>\n<p>On Friday, some analysts had to reconsider their view of Dell after the surprise print. <\/p>\n<p>Morgan Stanley wrote that while they expected a clean loss and gain in the quarter, they are &#8220;eating our humble pie&#8221; on the back of Dell&#8217;s results. <\/p>\n<p>\u201cWe found this to be incorrect and our model\/PT is under review,\u201d the analysts wrote. &#8220;This is \u2013 across the board \u2013 one of the most impressive quarters we&#8217;ve seen in our time covering hardware, especially in terms of what&#8217;s happening in the component universe.&#8221;<\/p>\n<p>Even before Friday&#8217;s move, Dell&#8217;s stock had surged, having nearly tripled in the past year as its Chairman and CEO Michael Dell has built a strong relationship with President Donald Trump during his second term.<\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108313825\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108313825\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000414393\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/108313828-17800648331780064831-46232837945-1080pnbcnews.jpg?v=1780064833&amp;w=750&amp;h=422&amp;vtcrop=y\" alt=\"Dell is still 'cheap', says Melius' Ben Reitz\"\/><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Government ethics filings revealed that the president bought $1 million to $5 million in Dell shares on February 10, a purchase that came after Michael and Susan Dell announced a $6.25 billion gift to help fund Trump accounts for 25 million American children. <\/p>\n<p>During a Mother&#8217;s Day event at the White House earlier this month, Trump thanked Dell for its participation in the Trump account and told Americans to &#8220;go out and buy a Dell.&#8221;<\/p>\n<p>On Wednesday, Dell won a $9.7 billion Pentagon contract to provide a suite of software to the US military.<\/p>\n<p><em>\u2014 CNBC&#8217;s Garrett Downs, Hayley Cuccinello and Jordan Novet contributed to this report.<\/em><\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>stock chart icons<\/title><desc>stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" class=\"Collapsible-dismissButton\" alt=\"hide content\"\/><\/div>\n<\/div>\n<p><iframe title=\"Dell year-to-date stock chart.\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=DELL&amp;range=YTD&amp;type=mountain&amp;embedded=true&amp;$DEVICE$=undefined\" height=\"460\" scrolling=\"no\" loading=\"lazy\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>Dell year-to-date stock chart.<\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your favorite source on Google and never miss a moment of the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>shares of Dell Technologies It closed 32.76% higher on Friday, its best day ever, after recording the company&#8217;s fastest pace for revenue growth in any period since returning to the public markets in 2018. The stock slightly surpassed its previous record set on March 1, 2024, when it rose 31.6%. Shares are now up 234%<\/p>\n","protected":false},"author":1,"featured_media":164036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[4672,150,24425,814,2762,16226],"class_list":["post-164031","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bible-news","tag-closes","tag-day","tag-dell","tag-earnings","tag-gains","tag-stellar"],"_links":{"self":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/164031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/comments?post=164031"}],"version-history":[{"count":1,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/164031\/revisions"}],"predecessor-version":[{"id":164037,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/164031\/revisions\/164037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media\/164036"}],"wp:attachment":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media?parent=164031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/categories?post=164031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/tags?post=164031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}