Topline<\/p>\n
Michael Dell became the world\u2019s sixth-richest person on Friday, surpassing Meta CEO Mark Zuckerberg as shares of Dell\u2019s hardware firm paced their best day ever, following what some analysts called \u201cone of the most impressive quarters we\u2019ve seen in our time.\u201d <\/p>\n
Analysts called Dell\u2019s latest earnings \u201cone of the most impressive quarters we\u2019ve seen in our time covering hardware.\u201d<\/p>\n
2026 InvisionKey Facts<\/p>\n
Shares of Dell skyrocketed by 32.1% shortly after trading opened on Friday, surpassing the stock\u2019s record intraday gain of 31.6% set in March 2024.<\/p>\n
The stock surge added $35.8 billion to Dell\u2019s net worth, now valued at $245.9 billion, ranking him ahead of Zuckerberg ($215.6 billion) as the world\u2019s sixth-wealthiest person behind Oracle\u2019s Larry Ellison ($266.4 billion), whose fortune swelled by $13.5 billion on Friday, according to Forbes\u2019 Real-Time Billionaires list<\/a>.<\/p>\n Dell on Thursday reported first-quarter earnings of $4.86 per share and revenue of $43.8 billion, smashing expectations of $2.96 per share and $35.7 billion, respectively, according to FactSet, after Dell reported AI server revenue surged by 757% annually to $16.1 billion.<\/p>\n Dell also revised its expectations for full-year AI revenue to $60 billion, up from $50 billion in February and 144% above the previous year.<\/p>\n Morgan Stanley analysts wrote in a note on Friday that they were \u201ceating our humble pie\u201d after they \u201cgot this one wrong,\u201d adding, \u201cThis was\u2014across the board\u2014one of the most impressive quarters we\u2019ve seen in our time covering hardware, especially in the context of what is happening across the component universe.\u201d<\/p>\n Patrick Moorhead, chief analyst at Moor Insights & Strategy, called<\/a> Dell\u2019s earnings \u201can absolute blowout like I have never seen before.\u201d<\/p>\n Big Number<\/p>\n $9.7 billion. That\u2019s the size of Dell\u2019s five-year contract with the Pentagon announced on Wednesday, which will restructure and streamline the agency\u2019s software- and cloud-based communication and collaboration systems. The Pentagon said the deal could save the agency about $422 million annually. <\/p>\n Surprising Fact<\/p>\n