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Sentiment · FY2027 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“our customer Dell took their supply chain and automated 20,000 users using Regrelo”
Dell automated 20,000 users in its supply chain using Regrello, cited by Salesforce as a customer that drew its attention to the Regrello acquisition.
“You see now systems that are being stood up by Dell and CoreWeave, I think you saw systems from Oracle stood up.”
Dell is among the first partners standing up Blackwell-based systems for customers.
“More than 170 5th Gen EPYC platforms are in market from HPE, Dell, Lenovo, Super Micro and others, our broadest portfolio to date with solutions optimized for virtually every enterprise workload.”
Dell ships 5th Gen EPYC server platforms, indicating ongoing AMD server-CPU adoption in Dell's enterprise lineup.
“With CoreWeave and Dell, we're the first to launch and deploy NVIDIA's GB300 NVL72.”
Vertiv partnered with Dell and CoreWeave to be first-to-market deploying NVIDIA's GB300 NVL72 platform.
“we were very excited to announce a new strategic collaboration with Dell that marks the first time they will offer a full portfolio of commercial PCs powered by Ryzen Pro processors.”
AMD announced a new strategic collaboration with Dell to offer a full portfolio of commercial PCs powered by Ryzen Pro processors, AMD's first such deal with Dell.
“Dell began offering MI300X as a part of their AI factory solution suite and is providing multiple ready-to-deploy containers via the Dell Enterprise Hub on hugging face.”
Dell added AMD's MI300X to its AI factory solution suite and offers ready-to-deploy containers via the Dell Enterprise Hub.
“we saw a change in the quarter towards GB 300. So in our backlog of $18.4 billion there's been a significant shift towards GB 300 as expected.”
Dell's AI-server backlog is shifting toward NVIDIA's newest GB300 platform, signaling strong demand for NVIDIA's latest Blackwell generation.
“some of the recent comments that have been coming from NVIDIA around the potential vertical integration that they're doing, getting a little bit more involved in in in the supply chain”
An analyst raises NVIDIA's move toward vertical integration deeper into the AI server supply chain, a potential competitive dynamic for Dell as a key NVIDIA GPU customer.
“We're 48 days away from the end of life period of Microsoft.”
Microsoft's Windows 10 end-of-life is a catalyst for Dell's PC refresh cycle, with roughly half the installed base not yet upgraded to Windows 11.
“NVIDIA last night talked about improvement -- sequential improvement in Hopper business for them.”
An analyst notes NVIDIA reported sequential improvement in its Hopper business; Dell links this to enterprises buying air-cooled Hopper and RTX systems for existing data centers.
“We were the first in the world to ship both the NVIDIA GB200 NVL72 solution last year and the GB300 NVL72 in July to CoreWeave”
Dell shipped the first NVIDIA GB300 NVL72 systems to cloud customer CoreWeave in July, an AI infrastructure win with a major neocloud buyer.
“We were the first in the world to ship both the NVIDIA GB200 NVL72 solution last year and the GB300 NVL72 in July to CoreWeave”
Dell was first to market shipping NVIDIA's GB200 and GB300 NVL72 systems, underscoring strong demand pull-through for NVIDIA's Blackwell AI platforms.
“we announced our partnership with the innovative Cohere to simplify the deployment of agentic technology on-prem.”
Dell partnered with AI startup Cohere to simplify on-premises deployment of agentic AI technology, expanding Dell's software partner ecosystem beyond hardware. (Note: this is the AI startup Cohere, unrelated to the publicly traded Coherent Corp / COHR.)
“We expanded our ecosystems of partners and announced our collaboration with Google to bring Gemini on-prem exclusively for Dell customers, an industry first.”
Dell and Google are partnering to bring Google's Gemini AI on-premises exclusively for Dell customers, an industry-first collaboration expanding Dell's AI software ecosystem.
“We announced new Dell Pro Max notebooks and desktops equipped with the NVIDIA RTX Pro Blackwell GPUs, Intel Core Ultra processors, AMD Rising, and Threadripper processors.”
Intel Core Ultra processors are used as components in Dell's new Pro Max AI-capable notebooks and desktops, alongside NVIDIA and AMD silicon.
“We announced new Dell Pro Max notebooks and desktops equipped with the NVIDIA RTX Pro Blackwell GPUs, Intel Core Ultra processors, AMD Rising, and Threadripper processors.”
AMD Ryzen and Threadripper processors are used as components in Dell's new Pro Max AI-capable notebooks and desktops, alongside NVIDIA and Intel silicon.
“Pushing the envelope, working with our partner NVIDIA, and specifically our customers to design a custom solution that meets the needs.”
Dell is co-designing custom AI server infrastructure with NVIDIA, including next-generation platforms Dell says will offer roughly 10x the performance of the current implementation, reinforcing NVIDIA's central role in Dell's AI server strategy.
“And in February, our partnership with XAI and other customers continued. We booked deals putting our AI backlog at roughly $9 billion as of today.”
xAI is called out by name as a continuing AI server customer contributing to Dell's roughly $9 billion AI backlog, signaling ongoing large-scale GPU infrastructure buildout spend by xAI.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Ben Reitzes | Melius Research | 7 (14%) |
| Erik Woodring | Morgan Stanley | 7 (0%) |
| Asiya Merchant | Citigroup | 7 (0%) |
| Amit Daryanani | Evercore ISI | 7 (14%) |
| Wamsi Mohan | Bank of America | 7 (14%) |
| Samik Chatterjee | JPMorgan | 7 (14%) |
| Dave Vogt | UBS | 7 (0%) |
| Simon Leopold | Raymond James | 6 (0%) |
| Aaron Rakers | Wells Fargo | 5 (0%) |
| Mike Ng | Goldman Sachs | 5 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bank of America | 1 | 7 (14%) |
| Citigroup | 1 | 7 (0%) |
| Evercore ISI | 1 | 7 (14%) |
| JPMorgan | 1 |
| 7 (14%) |
| Melius Research | 1 | 7 (14%) |
| Morgan Stanley | 1 | 7 (0%) |
| UBS | 1 | 7 (0%) |
| Goldman Sachs | 2 | 6 (0%) |
Dell capped a defining year with record Q4 revenue of $33.4 billion, up 40%, and EPS surging 57% as AI orders exploded to $34.1 billion in the quarter alone. FY2027 guidance was introduced at $138-142 billion revenue (up 23%) and EPS of $12.90 with a $50 billion AI revenue target. Traditional server demand outpaced supply, CSG gained share with 14% growth, and Dell IP storage returned to growth with margin expansion.
Cloud & AI | Demand | Margin | Revenue Growth | Competitive Dynamics | Supply Chain | Guidance Reliability | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2025Q3 | 11 | 9 | 3 | 3 | 4 | 3 | 2 | 1 |
| 2025Q4 | 6 | 6 | 4 | 4 | 2 | 2 | 2 | 1 |
| 2026Q1 | 9 | 4 | 3 | 3 | 4 | 3 | 1 | |
| 2026Q2 | 7 | 5 | 8 | 1 | 4 | 1 | 3 | 1 |
| 2026Q3 | 6 | 4 | 5 | 3 | 3 | 3 | 1 | 2 |
| 2026Q4 | 6 | 5 | 5 | 6 | 3 | 3 | 4 | |
| 2027Q1 | 1 | 3 | 3 | 4 | 1 | 3 | 4 | 2 |
| '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | '26Q4 | '27Q1 | |
|---|---|---|---|---|---|---|---|
| Cloud & AI | 11 | 6 | 9 | 7 | 6 | 6 | 1 |
| Demand | 9 | 6 | 4 | 5 | 4 | 5 | 3 |
| Margin | 3 | 4 | 3 | 8 | 5 | 5 | 3 |
| Revenue Growth | 3 | 4 | 3 | 1 | 3 | 6 | 4 |
| Competitive Dynamics | 4 | 2 | 4 | 4 | 3 | 3 | 1 |
| Supply Chain | 3 | 2 | 1 | 3 | 3 | 3 | |
| Guidance Reliability | 2 | 2 | 3 | 3 | 1 | 4 | |
| Pricing | 1 | 1 | 1 | 1 | 2 | 4 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
DELL Dell Technologies | 9 | +87.5% | |
| ANET Arista Networks | 9 | +35.1% | |
| HPQ HP Inc. | 6 | +9.0% | |
| NTAP NetApp | 9 | +12.5% | |
| SMCI Supermicro | 7 | +122.7% | |
| STX Seagate Technology Holdings | 10 | +44.1% | |
| WDC Western Digital | 9 | +45.5% |