Dell Technologies is an integrated technology company selling servers, storage, PCs, and services to enterprises worldwide. Its Infrastructure Solutions Group, which includes servers and networking hardware, has become the primary growth engine of the business as enterprise and cloud demand for AI-capable compute infrastructure has increased. Dell functions as a system integrator and distribution channel for AI infrastructure, assembling Nvidia GPU-based servers and selling them to enterprises, cloud providers, and sovereign AI programs.

Dell's position as a trusted enterprise technology vendor gives it access to a large customer base adopting AI infrastructure for the first time. Many enterprises do not have the procurement relationships or technical staff required to build GPU clusters from components; Dell provides a turnkey path, offering pre-integrated AI servers, storage, and services under its AI Factory brand.

Dell delivered record full-year FY2026 revenue of $113.5 billion, up 19% year-over-year, with Q4 revenue of $33.4 billion, up 39% YoY. The Infrastructure Solutions Group posted full-year revenue of $60.8 billion, up 40% YoY, with Q4 AI-optimized server revenue alone hitting $9 billion, up 342% year-over-year. Dell closed more than $64 billion in AI-optimized server orders during the year, shipped more than $25 billion, and entered FY2027 with a record backlog of $43 billion.