Dell raised its full-year revenue forecast to $165 billion to $169 billion after reporting an 88% year-over-year increase in first-quarter revenue to $43.84 billion. Previously disclosed first-quarter profit was $3.44 billion, or $5.24 per share, with adjusted earnings per share of $4.86. The company also lifted its fiscal 2027 AI server revenue outlook to about $60 billion and said a Dell unit secured a five-year $9.7 billion U.S. Defense Department contract. According to Bitget market data, Dell shares rose nearly 40% in U.S. premarket trading on May 29, while another report said the stock was up about 39% after hours, reflecting a strong investor response to the earnings release and outlook.