Dell Technologies says nonlinear demand, associated shipments likely to persist

Says experienced unprecedented demand for AI-optimized servers. Says booked $12.1B in orders in the first quarter, surpassing the entirety of shipments in all of FY25. Says given the scale of these opportunities, variability in timing, and choices around technology, the inherent nonlinear nature of demand and associated shipments is likely to persist. Says made significant advancements to the Dell AI Factory, from industry-first AI PCs to the edge and data center enhancements. Says supply chain is a unique advantage in the dynamic environment. Says strong cash quarter was primarily driven by profitability and working capital improvement. Comments taken from Q1 earnings conference call.