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DELL·Dell Technologies Inc.

$507.32
-65.15 (-11.38%)
High
$575.26
Open
$547.00
Market Cap
364.96B
52W High
$599.00
Low
$502.32
P. Close
$507.32
P/E
32.08
52W Low
$110.22
Fwd P/E
19.13
DailyIQ Est.
$611.25
Inst. Ownership
19.0%
Short Interest
1.88%
Days to Cover
1.4
Div. Yield
0.40%
Next Ex-Div
~Oct 20
NewEarnings release, scored · filed Sep 1, 2026Guidance raised · tone +0.1 vs prior release · 30 lines scoredSee the breakdown
Technical Score (1D)
99
BULLISH
News Sentiment
70
BULLISH
On Oct 13, Dell Technologies reported a record $46.97 billion in revenue for its fiscal second quarter, up 57.75 % year‑over‑year, while free cash flow fell 47.22 % to $986 million, below analyst expectations. The company explained the cash shortfall as a result of significant financing receivables and lease‑related cash outlays, which were later adjusted to an $8.149 billion figure for adjusted free cash flow. On the same day, analysts noted that Dell’s valuation had aligned with broader tech peers after the company removed its long‑held discount, citing a $95 billion backlog of AI server orders awaiting shipment. The backlog reflects robust demand from cloud providers and large enterprises for Dell’s hardware and AI server racks, though analysts questioned how much of that volume Dell can convert into profit. Also on Oct 13, a Zacks analysis ranked Dell as a top “Strong Buy” momentum stock for October, projecting that the company’s earnings per share could nearly triple over the next two years due to AI initiatives and placing Dell among 14 of 16 industries expected to post year‑over‑year EPS expansion. The recommendation was reinforced by broader market optimism, with the S&P 500’s earnings outlook improving markedly in early October. These reports collectively highlighted Dell’s strong revenue growth, significant AI server demand, and analysts’ bullish earnings outlook.
LOW TARGET
$480 -5.4%
2 analysts
MEAN TARGET
$590 +16.3%
17 analysts
HIGH TARGET
$735 +44.9%
18 analysts
PRICE RANGE
$480.00 - $735.00
SB / B / H / S / SS
8/17/10/1/1
DAILYIQ EST.
$611.25 (+20.5%)
Sector
Technology
Industry
Computer Hardware
Exchange
NYQ
Country
United States
Website
dell.com
Symbol
DELL
Description
Dell Technologies Inc. is a global technology provider that delivers a wide array of integrated solutions, products, and services to diverse customer segments worldwide. The company's core business revolves around two primary segments: Infrastructure Solutions Group (ISG), which offers storage, server, and networking solutions, and Client Solutions Group (CSG), which provides notebooks, desktops, and related peripherals. Dell's ISG segment helps businesses modernize their infrastructure with advanced storage and networking technologies, while the CSG segment caters to individual and business computing needs. Furthermore, the company offers comprehensive services, including financing options and support services, solidifying its position as a comprehensive technology partner for its customers. Founded in 1984, Dell Technologies Inc. is headquartered in Round Rock, Texas.
Bought (1Y)
0 shares
$0
Sold (1Y)
4,866,529 shares
$2221.0M
SL SPV-2, L.P.-
Option Exercise68,576 shares2026-10-06
SL SPV-2, L.P.-
Sell511 shares2026-10-06
SL SPV-2, L.P.-
Sell674 shares2026-10-06
SL SPV-2, L.P.-
Sell2,813 shares2026-10-06
SL SPV-2, L.P.-
Sell4,122 shares2026-10-06
View full insider trading history →
65/ 100
Bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Gross Margin
20.0%
Net Margin
5.2%
Revenue CAGR
7.0%
Current Ratio
0.91x
Debt / Equity
-12.75x
Return on Equity
-240.3%
View full financials →
Earnings Summary
Dell Technologies Inc. is a global technology provider delivering integrated solutions across its Infrastructure Solutions Group and Client Solutions Group, positioning it as a key player in the computer hardware sector. The company’s focus on storage, servers, networking, and AI‑ready infrastructure places it at the intersection of enterprise IT modernization and emerging AI workloads. In Q4 2024, Dell reported EPS of $2.68 versus an estimate of $2.52, while revenue reached $23.93 billion, a modest decline from the prior quarter but still above the $24.0 billion trend. The following quarter, Q1 2025, saw EPS dip to $1.55 against an estimate of $1.69, with revenue falling to $23.38 billion, indicating a slight acceleration in revenue contraction and a continued EPS miss pattern. Q2 2025 reversed the trend, with EPS at $2.32 beating the $2.29 estimate and revenue surging to $29.78 billion, the highest in the series, reflecting a strong rebound in server and data‑center sales. Q3 2025 maintained upside momentum, with EPS of $2.59 beating the $2.48 estimate and revenue at $27.01 billion, slightly lower than Q2 but still above Q1 levels. Historically, Dell has shown a YoY revenue growth trajectory that peaks in Q2 2025, with consistent EPS beats in the last three quarters of the cycle, underscoring a pattern of robust server demand offsetting CSG headwinds. Recent news highlights Dell’s integration of the Axelera AI Europa 45‑Watt processor and a $95 billion AI backlog that drove a 122% YoY increase in server revenue, reinforcing the company’s AI infrastructure narrative.

EPS

EstBeatMiss
$1.05$2.13$3.22$4.30$5.39Q4'24Q1'25Q2'25Q3'25Q1'27
QtrEstActual+/−
Q1'27$4.88 - -
Q3'25$2.48$2.59+4.6%
Q2'25$2.29$2.32+1.2%
Q1'25$1.69$1.55-8.4%
Q4'24$2.52$2.68+6.4%

Revenue

EstBeatMiss
$20.2B$27.1B$34.1B$41.1B$48.1BQ4'24Q1'25Q2'25Q3'25Q1'27
QtrEstActual+/−
Q1'27$44.9B - -
Q3'25 - $27.0B -
Q2'25 - $29.8B -
Q1'25 - $23.4B -
Q4'24 - $23.9B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
→

Market Data

DELL Stock Snapshot

BULLISH99/100
$507.32−$65.15 (11.4%)
Market cap
364.96B
P/E ratio
32.1
Day range
$502.32 – $575.26
News sentiment
70/100 · Bullish
Analyst target
$589.96 (+16.3%)
Consensus
Buy · 37 analysts
52-week range+360.3% off low · -15.3% from high
$110.22$599.00
Price $507.32 DailyIQ Est. $611.25

Trend, momentum and range position line up bullish on DELL at the moment. A stock this widely held moves on consensus revisions more than on individual catalysts.

Reverse DCF

What growth is priced into DELL?

RICH

At today's price, Dell Technologies Inc. needs to grow free cash flow about 43.7% a year for the next 10 years to justify its valuation at a 12.73% cost of capital. Over its actual history it has compounded free cash flow at 5.6% a year, so the market is asking for 38.1 percentage points above its own delivered rate. On that basis DELL looks priced above what its own growth record supports.

Implied FCF growth
43.7%
Historical FCF CAGR
5.6%
Growth gap
+38.1 pts
Verdict
RICH
Discount rate (WACC)
12.73%
Beta
1.65

Behaviour On Record

What DELL's own history says about today's numbers

Realized volatility (21d)
44.1% 64th pct
Below its peak
-6.1%
vs 200-day average
+77.7%
Up days (1y)
55%

Dell Technologies Inc. is currently running 44.1% annualised volatility over the last 21 sessions. Measured against DELL's own 8 years of daily returns rather than a market-wide average, that is the 64th percentile — a little above its own norm, against a typical reading of 37.3%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

DELL is trading -6.1% below its running peak. Across 7 full years on file, its median worst-drawdown-in-a-year was -43.6%, and the deepest was -51.3% in 2024. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits +77.7% from its 200-day moving average. Against every other day in its history, that gap ranks at the 94th percentile — a wider gap than this stock usually carries. Over the past year DELL closed higher on 55% of sessions, and it is currently 3 sessions into a falling streak.

On October specifically: over 8 years of records, DELL finished the month higher 6 of 8 times, with a median return of +3.4% and an average of +2.8%. Its strongest month historically has been May at +19.5% on average, its weakest January at -2.0%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: DELL has opened more than 2% away from the prior close in 114 of 1,963 sessions (5.8% of the time), with the largest gaps running +9.8% and -9.6%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 1,964 daily closes between 2018-12-21 and 2026-10-14, split-adjusted, recomputed daily. Percentiles are against DELL's own 8-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of DELL's sector?

Dell Technologies Inc. sits in the Software sector, currently ranked 5th of 12 GICS sectors by relative-strength rotation score (weakening).

Sector rank
#5 of 12
Sector state
Weakening
Sector rotation score
73

Options Market

What is the options market pricing for DELL?

CallsPuts

For Dell Technologies Inc.'s nearest expiry (2026-10-16, 2 days out), open interest is roughly balanced between puts and calls (put/call ratio of 1.13), with at-the-money implied volatility around 62.3%. The options market is pricing roughly a ±5.0% move by that expiry — a range of about $482.57–$533.07.

Put/call ratio (2026-10-16)
1.13
ATM implied volatility
62.3%
Total open interest
88,373
Expected move by 2026-10-16
±5.0% ($482.57–$533.07)

Analyst Rating Changes

Are analysts turning bullish or bearish on DELL?

Mizuho most recently reiterated its rating on Dell Technologies Inc. to Outperform on Oct 6, 2026 with a price target of $650 (from $600). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
Mizuho — Outperform
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Oct 6, 2026MizuhoMaintainedOutperform$600 → $650
Sep 29, 2026TD CowenMaintainedHold$500 → $550
Sep 21, 2026Morgan StanleyMaintainedEqual-Weight$499 → $511
Sep 10, 2026RBC CapitalInitiatedOutperform$640
Sep 9, 2026Evercore ISI GroupMaintainedOutperform$575 → $650
Sep 2, 2026CitigroupMaintainedBuy$515 → $600
Sep 2, 2026JP MorganMaintainedOverweight$565 → $635
Sep 2, 2026Melius ResearchMaintainedBuy$650 → $735
Sep 2, 2026Goldman SachsMaintainedBuy$510 → $570
Sep 2, 2026Piper SandlerReiteratedOverweight$497 → $558
Sep 2, 2026Truist SecuritiesMaintainedHold$360 → $505
Sep 2, 2026Evercore ISI GroupMaintainedOutperform$550 → $575

Earnings Release, Scored

What did Dell Technologies Inc.'s latest earnings release say?

Filed Sep 1, 2026 · SEC Form 8-K, Exhibit 99

Guidance raised
Tone92.5/ 100+0.1 vs prior release
Hedging words0.00per 100 words-0.27 vs prior release
Tone, last 2 releasesScale 50–98

Most important lines

  1. 1

    With AI momentum accelerating and our opportunity expanding across the portfolio, we’re raising our full-year FY27 revenue outlook by $25 billion to $192 billion, up nearly 70% year over year.”

    Guidance raisedNew this quarter
  2. 2

    Full-year FY27 EPS guidance of $24.37 and non-GAAP EPS guidance of $25.50, up 181% and 148% year over year, respectively

    New this quarter
  3. 3

    “That’s clearest in our AI server business where we booked a record $60.9 billion in orders, recognized a record $16.4 billion in revenue and exited the quarter with a record $95 billion backlog.

    New this quarter

Scores describe the release's wording. They are not a forecast.

Read all 30 scored lines →

Peers & ETF holders

DELL peers & ETF holders

Computer HardwareMarket cap · today

Top ETF holdersWeight

News Sentiment Analysis

Sentiment gathered from recent headlines

70/100
Strong NegativeNeutralStrong Positive
BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Investors highlighted DELL as a top Zacks Rank #1 (Strong Buy) momentum stock for October, citing significant AI-driven growth prospects. Analysts projected the company’s earnings per share could nearly triple over the next two years, positioning it as a leading performer in the upcoming Q3 earnings season. The recommendation was reinforced by broader market optimism, with the S&P 500’s earnings outlook improving markedly in early October. DELL’s inclusion among 14 of 16 Zacks industries expected to post year‑over‑year EPS expansion underscored its strong earnings revision trajectory. The article framed DELL as a standout opportunity amid macro headwinds, encouraging investors to add the stock to their portfolios ahead of earnings reports.
What did this article say?
Dell Technologies eliminated its long‑standing discount as investors recognized a $95 billion backlog of AI server orders awaiting shipment. The company’s valuation has risen to match broader tech peers, reflecting confidence in its growing data‑center hardware business. The backlog underscores Dell’s role in supplying the infrastructure that fuels cloud and enterprise AI deployments. This development signals a shift from a legacy PC focus to a high‑growth server and AI platform provider. The market now views Dell as a more competitive player in the data‑center space.
What did this article say?
Dell Technologies posted a record $46.97 billion revenue in its fiscal second quarter, marking a 57.75% increase year‑over‑year. However, free cash flow fell 47.22% to $986 million, well below analyst expectations. The company attributed the cash shortfall to significant financing receivables and lease‑related cash outlays, which were later adjusted to an $8.149 billion adjusted free cash flow figure. The revenue growth reflects strong demand for Dell’s hardware and services, while the cash flow dip signals higher working‑capital requirements amid inventory and financing expansion.
What did this article say?
Dell and Hewlett-Packard reported a 16% drop in total PC units sold last quarter, with consumer units falling 19% and commercial units down 14%. The decline reflects consumer and business reluctance to upgrade amid rising prices and supply chain cost pressures. Both companies noted that older hardware, such as the author’s 2020 HP All-in-One, struggles to meet modern performance demands, contributing to the slowdown. The sales slump signals a broader headwind for the PC market, potentially impacting Dell’s revenue trajectory.
What did this article say?
Dell Technologies reported a record‑breaking second quarter for fiscal 2027, with revenue rising 58% year‑over‑year to $47 billion. AI‑optimized server sales doubled to $16.4 billion, driving the bulk of the top‑line growth. The company’s stock has outperformed the S&P 500 by a wide margin, gaining more than 225% over the past six months, reflecting strong demand for its AI infrastructure solutions.
What did this article say?
Dell Technologies reported robust year‑to‑date growth, driven by heightened demand for AI infrastructure and enterprise IT upgrades. Management reiterated expectations of continued earnings expansion and solid demand across key product lines. The company’s financial performance and guidance suggest further upside, positioning the stock near its $735 target. These developments indicate a positive outlook for Dell, supported by confirmed market demand.
What did this article say?
Dell Technologies’ recent AI‑focused product launches and its involvement in large AI data‑center projects have prompted investors to reassess whether the current share price aligns with the company’s cash‑flow generation. The firm’s five‑year total return of roughly 10.8× has been impressive, yet analysts are evaluating whether future cash flows will sustain the implied valuation. The discussion centers on the speed and durability of revenue growth from AI initiatives and the broader market sentiment surrounding Dell’s technology offerings.
What did this article say?
On the day of reporting, Dell Technologies closed at US$587.40, up 2.24%, outperforming the S&P 500’s 0.6% gain and the Nasdaq’s 0.64% rise. Over the past month, Dell’s shares had risen 13.41%, surpassing the broader Computer and Technology sector’s 4.03% increase. Analysts projected a 155.98% year‑over‑year earnings growth to $6.63 per share for the upcoming quarter, with full‑year estimates of $26.09 per share and $195.68 billion in revenue. The positive market reaction reflects optimism about Dell’s earnings trajectory, though no new material developments were disclosed.

Technical Analysis

Real-time indicators across multiple timeframes

99
BULLISH
Momentum rank against about 1,000 stocks and ETFs for this timeframe.
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Institutional & Hedge Fund Ownership
25 tracked managers · $43.43B combined position · 12 adding, 13 trimming, 0 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
BlackRock, Inc.▼ Sell24,094,1193.68%$10.40B2026-08-07
Bank of America Corp▼ Sell10,842,1481.65%$4.68B2026-08-14
JPMorgan Chase & Co▲ Buy10,437,4581.59%$4.33B2026-08-12
Vanguard Group Inc▲ Buy31,441,4514.80%$3.96B2026-01-29
Geode Capital Management, LLC▼ Sell7,651,8581.17%$3.30B2026-08-12
Morgan Stanley▲ Buy7,074,4501.08%$3.05B2026-08-13
FMR LLC (Fidelity)▲ Buy5,654,5760.86%$2.44B2026-08-13
Goldman Sachs Group Inc▼ Sell5,498,4570.84%$2.37B2026-08-14
Norges Bank▼ Sell4,312,5430.66%$1.86B2026-08-12
Invesco Ltd.▼ Sell3,055,4130.47%$1.32B2026-08-14
Northern Trust Corp▼ Sell2,765,0760.42%$1.19B2026-08-13
Wellington Management Group LLP▲ Buy2,526,9870.39%$1.09B2026-08-14
Wells Fargo & Company▲ Buy1,759,4000.27%$759.11M2026-08-14
D. E. Shaw & Co., Inc.▲ Buy973,7110.15%$420.12M2026-08-14
AQR Capital Management LLC▼ Sell879,4770.13%$374.54M2026-08-14
Citigroup Inc▲ Buy815,1640.12%$351.71M2026-08-03
Two Sigma Investments, LP▼ Sell655,2990.10%$282.74M2026-08-14
Renaissance Technologies LLC▼ Sell646,6770.10%$279.02M2026-08-13
Susquehanna International Group, LLP▲ Buy475,7470.07%$205.27M2026-08-14
Citadel Advisors LLC▼ Sell435,1210.07%$187.74M2026-09-02
Neuberger Berman Group LLC▲ Buy357,7950.05%$154.37M2026-08-13
Gotham Asset Management, LLC▼ Sell307,0700.05%$132.49M2026-08-14
AllianceBernstein L.P.▲ Buy637,4000.10%$104.62M2026-08-14
Adage Capital Partners GP, L.L.C.▲ Buy232,8000.04%$100.44M2026-08-14
Janus Henderson Group plc▼ Sell528,8400.08%$86.80M2026-05-18
Q2 2026 flow:12.46M sh bought ($5.17B)15.68M sh sold ($6.77B)net -3.22M sh (−$1.60B)
View full institutional holdings history →
Congressional Trading Activity
12 disclosed trades · ~$96.0K est. traded value · 7 buys, 5 sells
MemberChamberStateTypeAmountTradedFiled
John McGuireHouseVA05▼ Sell$1K - $15K2026-06-042026-06-10
Alan ArmstrongSenateOK▲ Buy$1K - $15K2026-03-272026-07-21
Lisa McClainHouseMI09▼ Sell$1K - $15K2025-10-312025-11-21
Lisa McClainHouseMI09▲ Buy$1K - $15K2025-10-302025-11-21
Lisa McClainHouseMI09▼ Sell$1K - $15K2025-10-302025-11-21
Jared MoskowitzHouseFL23▲ Buy$1K - $15K2025-10-102025-11-22
Lisa McClainHouseMI09▼ Sell$1K - $15K2025-06-102025-08-13
Marjorie Taylor GreeneHouseGA14▲ Buy$1K - $15K2025-05-052025-05-06
Rob BresnahanHousePA08▲ Buy$1K - $15K2025-04-082025-05-08
Marjorie Taylor GreeneHouseGA14▲ Buy$1K - $15K2025-04-042025-04-07
Julie JohnsonHouseTX32▼ Sell$1K - $15K2025-01-282025-02-12
Lisa McClainHouseMI09▲ Buy$1K - $15K2025-01-152025-08-13
View full congressional trading history →

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