04:49 PM EDT, 05/29/2025 (MT Newswires) -- Dell Technologies ( DELL ) late Thursday reported stronger-than-expected fiscal first-quarter revenue, while the computer maker's earnings fell short of Wall Street's estimates.

Revenue increased 5% year-on-year to $23.38 billion, higher than the FactSet-polled consensus of $23.18 billion. Adjusted earnings rose to $1.55 a share for the quarter ended May 2 from $1.32 a year earlier, but missed the Street's $1.70 view.

Dell's shares were up 5.3% in after-hours trade.

Revenue in the infrastructure solutions group advanced 12% year-over-year to $10.32 billion, buoyed by a 16% jump in servers and networking to a first-quarter record of $6.32 billion, Dell said.

"We're experiencing unprecedented demand for our (artificial intelligence)-optimized servers," Chief Operating Officer Jeff Clarke said in a statement. "We generated $12.1 billion in AI orders this quarter alone, surpassing the entirety of shipments in all of (fiscal 2025) and leaving us with $14.4 billion in backlog."

Sales for the client solutions group, which includes personal computers, rose 5% to $12.51 billion, driven by a 9% increase in the commercial segment.

Dell expects its 2026 non-GAAP EPS to rise 15% at $9.40, up from its prior outlook of $9.30. The company reiterated its revenue guidance between $101 billion and $105 billion, up 8% year-over-year at the midpoint. The consensus is for adjusted EPS of $9.33 on sales of $103.11 billion.

For the current quarter, Dell forecasts adjusted EPS of $2.25 on revenue of $28.5 billion and $29.5 billion. Market expectations are for $2.08 and $25.33 billion, respectively.