Dell exceeded expectations, stock surges in after-hours trading

Earnings per share were $4.86, compared with the $2.94 analysts expected on average, according to research firm LSEG, CNBC reports.

Revenue for the three-month period ending May 1 was $43.84 billion, compared with an expected $35.43 billion.

Revenue was almost 88 percent higher than during the same period last year.

Dell is benefiting from demand for AI servers, traditional servers, and networking equipment.

When the report was released after the close of the New York stock market, the stock surged more than 17 percent in after-hours trading.

Since the beginning of the year, Dell's stock has risen 151.9 percent.