Our earnings materials are available on our IR website, and I encourage you to review these materials. Our team executed very well in a challenging environment, delivering record revenue and EPS. Revenue was $43.8 billion, up 88%, and earnings per share was $4.86, up 214%. Demand was stronger than we anticipated across all lines of businesses and geographies, with customers moving decisively to secure supply across a broad range of IT needs.
This drove meaningful scale, record cash generation, and continued strong capital returns for shareholders. Our strong performance reflects not only demand in the quarter but also the pace of innovation we continue to bring to market across the full stack of PCs, compute, and storage. The bottom line, Dell is expanding the AI Factory from the data center to the desk side across compute, storage, networking, software, and services. In AI, the opportunity remains exceptionally strong, underscored by durable, broad-based demand.
In Q1, we booked $24.4 billion in AI orders and recognized $16.1 billion of AI server revenue. We exited the quarter with a record $51.3 billion of AI backlog, and our pipeline continued to grow sequentially and remains multiples of our backlog, even after converting $24.4 billion into orders. Demand continues to exceed supply, with memory as the primary constraint, and we expect to exit the year with meaningful backlog. Our customer count surpassed 5,000, with growth across neocloud, sovereigns, and enterprise customers.