Dell Technologies Inc (NYSE:DELL) reported financial results for the first quarter after the market close on Thursday. Here’s a look at the key details from the print.

Dell Technologies shares are testing new highs. Why did DELL hit a new high?

Dell Q1 Earnings Highlights

Dell reported first-quarter revenue of $43.84 billion, beating the consensus estimate of $35.45 billion, according to Benzinga Pro. The company posted first-quarter adjusted earnings of $4.86 per share, beating estimates of $2.94 per share.

Total revenue was up 88% on a year-over-year basis. Here’s a breakdown of revenue by category.

Traditional Servers and Networking: $8.5 billion, up 92% year-over-year

AI-Optimized Servers: $16.1 billion, up 757% year-over-year

Storage: $4.3 billion, up 8% year-over-year

Commercial Client: $13 billion, up 18% year-over-year

Consumer: $1.6 billion, up 9% year-over-year

Cash flow from operations was $4.1 billion in the quarter. Dell ...