Dell Technologies Inc. (DELL) - Stock Analysis

Last updated: Sep 6, 2026

Research Idea

Research content for general circulation. Not individualized advice. Methodology & Disclosures

Gained 18% over 21 sessions and broke above the prior $494.51 high after record fiscal Q2 revenue of $47 billion, up 58%, and raised full-year guidance. Record AI orders, $9.4 billion of planned Q4 AI-server shipments, and September 9-10 investor conferences provide near-term catalysts.

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Idea window: 9/3/2026 – 9/10/2026Sector: Technology

AI Analyst Overview

Last Price
$567.29
Market Cap
$376.72B
1D Return
+11.98%
YTD Return
+354.81%

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Valuation Metrics

P/E
32.4
P/B
-256.4
P/S
2.5
EV/EBITDA
22.4
Div Yield
0.41%

Fundamental Analysis

6.0

Key Financial Insights: • Strong Cash Flow • Thin Liquidity • Negative Equity DELL delivered strong revenue, earnings, and cash flow, but thin liquidity, negative equity, rising inventory, and elevated valuation warrant caution.

CashFlow
Liquidity

Price Behavior

6.0

Key Price Behavior Insights: • Strong rebound • Breakout test • Elevated volatility Support Level: $424–$433 (secondary: $451–$458) Resistance Level: $524 DELL's last-month surge to $524 is bullish but volatile; hold above $524 for breakout confirmation, with $424–$433 as key downside support.

Bullish
Volatile

Sentiment & News

8.0

Key News Insights: • Record AI demand • Raised FY27 outlook • Execution risks Dell's AI-driven revenue surge and raised guidance strengthen growth prospects, but valuation, margin, and execution risks warrant caution.

AIInfrastructure
ValuationRisk
AI

AI Summary

7.0
Positive

Dell has become an AI-infrastructure growth play rather than a mature hardware vendor, but investors should only add exposure if AI backlog converts into shipments without sustained gross-margin compression or inventory-led cash-flow strain, as its rerated valuation leaves little room for execution misses.

AIInfrastructure
MarginRisk
BacklogConversion
AI summary updated 5 days ago

Description

Dell Technologies Inc. is a global provider of information technology products and services, organized into Infrastructure Solutions Group, Client Solutions Group, and VMware. Its infrastructure business supplies storage, servers and networking along with deployment, support and warranty services, while the client segment offers personal computing devices and related peripherals and services. Through VMware and its cloud and security offerings, the company supports hybrid and multi-cloud environments and enterprise application management; it was founded in 1984 and is based in Round Rock, Texas.

Idea History

DateCloseTickerCompanySummaryStatusP/L
Sep 3Sep 10DELLDell Technologies Inc.
Gained 18% over 21 sessions and broke above the prior $494.51 high after record fiscal Q2 revenue of $47 billion, up 58%, and raised full-year guidance. Record AI orders, $9.4 billion of planned Q4 AI-server shipments, and September 9-10 investor conferences provide near-term catalysts.
Closed-1.6%
Aug 13Aug 20DELLDell Technologies Inc.
Strong short-term AI-infrastructure setup with record fiscal Q1 revenue of $43.8B, record EPS of $5.24, record AI server orders/backlog, new AI/storage products, and a concrete Texas A&M enterprise infrastructure win.
Closed-12.1%
Jul 14Jul 21DELLDell Technologies Inc.
Credible AI infrastructure momentum trade: stock is up about 15.9% over 21 trading days and hit a fresh 21-day high on 2026-07-14. Management highlighted record revenue/EPS, record AI backlog, strong AI server visibility, and recent PowerStore/PowerEdge AI product momentum.
Closed-11.5%
Jun 24Jul 1DELLDell Technologies Inc.
AI infrastructure momentum remains strong: Dell posted record fiscal Q1 results with $43.8B revenue, record EPS of $5.24, and $4.1B operating cash flow; management raised AI server shipment guidance to $20B and cited $11.7B of AI backlog, while shares remain up about 38% over 21 trading days despite consolidation.
Closed-2.0%
May 29Jun 5DELLDell Technologies Inc.
Fresh 2026-05-28 earnings catalyst showed record Q1 revenue of $43.8B and record EPS, with guidance provided. AI infrastructure evidence is strong, including $64B AI server orders, $43B backlog, raised AI server shipment guidance to $20B, and raised full-year revenue/EPS guidance; stock rose about 97% over 21 trading days.
Closed-6.3%
Apr 17Apr 24DELLDell Technologies Inc.
AI server demand remains the key catalyst, with a large backlog, strong enterprise AI orders, and FY2027 AI server revenue guidance around $50B. The stock is up about 25% over 21 days and recently made a new 52-week high, supported by record FY2026 revenue and EPS plus active AI/infrastructure product announcements.
Closed+10.3%
Apr 1Apr 8DELLDell Technologies Inc.
Record FY revenue ($113.5B, +19% YoY) and EPS (+36%), very strong AI server backlog (~$11.7B) and FCF (~$8.6B), and the stock is trading above its 21-day SMA after a powerful YTD run. AI infrastructure demand plus fresh FY results create scope for a continuation move toward prior highs if resistance near $175–184 is cleared.
Closed+9.5%
Mar 24Mar 31DELLDell Technologies Inc.
DELL has surged ~45% in 21 days on record FY results and a powerful AI-server narrative (large AI order flow, NVIDIA partnership, new AI data platform), with strong FCF and a fresh dividend supporting a momentum trade despite balance-sheet risk.
Closed-7.2%
Jun 18Jun 25DELLDell Technologies Inc.
Dell’s $9B+ AI server backlog, partnership with Nvidia, and stabilizing PC market underpin a constructive technical setup approaching $115–$116 resistance, with potential to clear that level on positive earnings commentary.
Closed+3.3%
Research content for educational purposes only. Not investment advice. All decisions are your responsibility.