Dell Technologies (DELL) reported first-quarter revenue and earnings that beat analysts' estimates on surging demand for 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) servers, though shares tumbled over 17% in extended trading Thursday as Dell's results failed to impress.

Dell reported revenue of $22.24 billion for the fiscal first quarter of 2025, up 6% from the year-ago period, and above analysts' expectations, according to estimates compiled by Visible Alpha.

Net income came in at $955 million or $1.32 per share, versus $578 million or 79 cents per share in the same period a year prior, also beating analysts' projections.

Despite revenue and earnings beating analysts' expectations, Dell reported a double-digit decline in 澳洲幸运5官方开奖结果体彩网:operating income. Operating income was $920 mill𓄧ion, ♐down 14% from the year-ago period.

Last quarter, AI momentum 澳洲幸运5官方开奖结果体彩网:sent Dell's stock price soaring in the w🐲ake of the company's earnings release. Dell Chief Operatin𝓀g Officer (COO) Jeff Clarke reassured investors about Dell's AI potential, saying "no company is better positioned than Dell to bring AI to the enterprise."

He added that "servers and networking hit record revenue in Q1, with our AI-optimized server orders increasing sequentially to $2.6 billion, shipments up more than 100% to $1.7 billion, and backlog growing more than 30% to $3.8 billion."

Dell shares were down 17.2% at $140.73 in extended trading as of 5 p.m. ET Thursday following the company's earnings release.