This paper concerns the delay margin achievable using proportional-integral-derivative (PID) controllers for linear time-invariant (LTI) systems subject to variable, unknown time delays. The basic issue under investigation addresses the question: What is the largest range of time delay so that there exists a single PID controller to stabilize the delay plants within the entire range? Delay margin is a fundamental measure of robust stabilization against uncertain time delays and poses a fundamental, longstanding problem that remains open except in simple, isolated cases. In this paper, we develop explicit expressions of the exact delay margin and its upper bounds achievable by a PID controller for low-order delay systems, notably the first-and second-order unstable systems with unknown constant and possibly time-varying delays. The effect of nonminimum phase zeros is also examined. PID controllers have been extensively used to control and regulate industrial processes that are typically modeled by first- and second-order dynamics. While furnishing the fundamental limits of delay within which a PID controller may robustly stabilize a delay process, our results should also provide useful guidelines in tuning PID parameters and in the analytical design of PID controllers.