Dell Technologies AI Server Growth

American technology giant Dell Technologies has announced its expectation to double revenue from its AI-optimized server business by the fiscal year 2027. The rapid acceleration in AI data center construction, along with increased demand for servers and storage equipment, is considered the main driver of this growth. Dell states that AI server revenue could rise by 103% to nearly 50 billion dollars by fiscal 2027. This represents one of the largest growth projections in the company's history.

Following this announcement, Dell's stock price rose by 10%. The company also increased its dividend by 20% and announced an additional 10 billion dollar share buyback program. It is reported that major companies like Alphabet, Microsoft, Amazon, and Meta plan to collectively spend over 630 billion dollars on AI infrastructure this year. These investments benefit server manufacturers such as Dell and Super Micro Computer. Dell's AI server customer base exceeds 4,000, including AI startup xAI founded by Elon Musk and data center-related firms like CoreWeave. However, the growth in AI infrastructure has led to rising memory chip prices, increasing costs for server and PC production. Dell raised server prices in December 2025 and adjusted PC prices in January 2026. For 2027, Dell expects total revenue to reach between 138 and 142 billion dollars, exceeding market analysts' forecasts. In the fourth quarter, the company reported revenue of 33.4 billion dollars. As AI competition intensifies, analysts say this presents significant growth opportunities ahead for companies supplying servers and data center infrastructure.