TradingKey – Dell Technologies (NYSE: DELL) released Q1 fiscal 2027 earnings toward the end of May, and the numbers were better than analysts predicted on both sales and profit fronts: $23.8 billion in sales, a 12% year-over-year increase; $11.2 billion from the Infrastructure Solutions Group, 28% growth year-over-year; 45% year-over-year growth in server and networking sales; and adjusted EPS of $2.41, better than Wall Street expects. Dell said its backlog for artificial intelligence servers runs through late 2026, and delivery times have not yet improved. The company returned over $1.5 billion to shareholders in the quarter.

At $420.52, DELL has risen above the 1.272 Fibonacci extension on the four-hour chart with its relative strength…