Dell Technologies Inc.
- Open
- 404.49
- Day high
- 413.83
- Day low
- 391.16
- Prev close
- 412.32
- Volume
- 5.8M
- Mkt cap
- $252.7B
- P/E (TTM)
- 30.6
- EPS (TTM)
- $12.80
- P/B
- -180.0
- P/S
- 1.9
- Yield
- 0.56%
- Per share
- $2.21
- ▼Insiders net selling -$159.2M over the last 3 months (0 open-market buys, 185 sales)
- 🏛Institutions accumulating (13F)
Dell Technologies Inc. (DELL) is a Technology company listed on NYSE. The stock is up 234% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 185 sales (SEC Form 4). Drillr has 18 published research articles covering DELL.
Dell Technologies Inc. (DELL) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 14 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DELL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 28, 2026 | $2.96 | $4.86 | +64.2% | $43.8B | +22.7% |
| Nov 25, 2025 | $2.47 | $2.59 | +4.9% | $27.0B | -0.6% |
| Aug 28, 2025 | $2.29 | $2.32 | +1.3% | $29.8B | +2.6% |
| May 29, 2025 | $1.70 | $1.55 | -8.8% | $23.4B | +0.9% |
| Feb 27, 2025 | $2.52 | $2.68 | +6.3% | $23.9B | -2.6% |
| Nov 26, 2024 | $2.04 | $2.15 | +5.4% | $24.4B | -1.2% |
| Aug 29, 2024 | $1.70 | $1.89 | +11.2% | $25.0B | +3.7% |
| May 30, 2024 | $1.26 | $1.27 | +0.8% | $22.2B | +2.7% |
| Feb 29, 2024 | $1.73 | $2.20 | +27.2% | $22.3B | +0.7% |
| Nov 30, 2023 | $1.47 | $1.88 | +27.9% | $22.3B | -3.3% |
| Aug 31, 2023 | $1.13 | $1.74 | +54.0% | $22.9B | +9.9% |
| Jun 1, 2023 | $0.87 | $1.31 | +50.6% | $20.9B | +3.2% |
DELL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 8, 2026 | Silver Lake Technology Investors IV, L.P.director, 10 percent owner: | Sell | 39 | $418.49 |
| Jul 8, 2026 | Silver Lake Partners V DE (AIV), L.P.director, 10 percent owner: | Sell | 2,886 | $407.59 |
| Jul 8, 2026 | Silver Lake Technology Investors IV, L.P.director, 10 percent owner: | Sell | 272 | $410.68 |
| Jul 8, 2026 | Silver Lake Technology Investors IV, L.P.director, 10 percent owner: | Sell | 204 | $409.49 |
| Jul 8, 2026 | Silver Lake Partners V DE (AIV), L.P.director, 10 percent owner: | Sell | 661 | $417.78 |
| Jul 8, 2026 | Silver Lake Technology Investors V, L.P.director, 10 percent owner: | Sell | 1 | $413.30 |
| Jul 8, 2026 | Silver Lake Partners V DE (AIV), L.P.director, 10 percent owner: | Sell | 22 | $413.30 |
| Jul 8, 2026 | Silver Lake Technology Investors IV, L.P.director, 10 percent owner: | Sell | 31 | $412.51 |
| Jul 8, 2026 | Silver Lake Technology Investors V, L.P.director, 10 percent owner: | Sell | 92 | $409.49 |
| Jul 8, 2026 | Silver Lake Technology Investors IV, L.P.director, 10 percent owner: | Sell | 79 | $405.36 |
| Jul 8, 2026 | Silver Lake Partners V DE (AIV), L.P.director, 10 percent owner: | Sell | 808 | $412.51 |
| Jul 8, 2026 | Silver Lake Partners V DE (AIV), L.P.director, 10 percent owner: | Sell | 2,049 | $416.34 |
| Jul 8, 2026 | Silver Lake Partners V DE (AIV), L.P.director, 10 percent owner: | Sell | 1,027 | $418.49 |
| Jul 8, 2026 | Silver Lake Partners IV, L.P.director, 10 percent owner: | Option | 95,851 | $0.01 |
| Jul 8, 2026 | Silver Lake Partners IV, L.P.director, 10 percent owner: | Sell | 44 | $413.30 |
Source: DELL SEC Form 4 filings, latest Jul 8, 2026. For informational purposes only — not investment advice.
See the full DELL insider & 13F page →DELL research & analysis
DELL Stock: AI Server Cohort After SMCI Crash
Dell Q1 FY27 revenue $43.8B with $3.1B FCF. Capital-discipline advantage versus SMCI $7B financing crisis. Enterprise vs hyperscaler split.
SMCIHPESMCI Stock: Why $7B Financing Hit Shares
SMCI -25% on $7B financing plan reveals AI server capital stress. Q3 FY26 FCF -$6.7B confirms growth needs huge working capital cushion.
SMCIHPEHPE Q2 FY26 Beat: $16.4B AI Bookings Re-Rate the Server Set
Hewlett Packard Enterprise reported $16.4B cumulative AI bookings against $5.9B backlog. The Server segment grew 33% YoY and FY26 EPS guidance lifted.
HPESMCINVDASouth Korea's 12% Semiconductor Export Jump Outpaces Dell's 18% YTD
South Korea's Q1 GDP data, driven by a 12% jump in semiconductor exports, confirms the memory chip upcycle is accelerating two quarters ahead of consensus. This creates a differential trade: memory producers (SSNGY, HXSCL, MU, WDC) benefit from price increases, while consumer electronics assemblers (DELL, HPQ, LNVGY) face unmodeled margin compression. A long memory/short assembler pair targets 7-10% outperformance over six months, falsified if Q2 export growth falls below 8% YoY by July 31.
SSNGYHXSCLMUAI Chip Shortage: SMCI, DELL, and AVGO Winning Biggest Beyond Nvidia
Amid robust AI chip demand and supply constraints per Investopedia, infrastructure firms like SMCI, DELL, and AVGO lead with massive backlogs and growth. Ranked conviction favors direct AI server exposure at attractive valuations.
SMCIAVGOAMDARM-IBM Server Deal: Why ARM and NVDA Win While INTC and AMD Lose
IBM's partnership with Arm accelerates Arm architecture into enterprise servers, benefiting licensors like ARM and NVDA while challenging x86 leaders INTC and AMD. Dell and IBM gain as enablers. Ranked: ARM > NVDA > IBM > DELL > INTC > AMD.
ARMNVDAIBMARM vs. INTC: IBM Partnership Picks a Side in the Enterprise AI Chip War
IBM's April 2 partnership with Arm accelerates Arm's enterprise computing expansion, favoring ARM, NVDA, IBM, and DELL while challenging INTC and AMD. The article analyzes financials and exposure for six key players, ranking ARM as top pick. Watch Arm ecosystem share gains amid AI inference boom.
ARMIBMNVDAIran Retaliates After Lebanon Escalation — XOM, LMT, USO Set for Another Leg Up
Cato Institute's push for US AI infrastructure investment underscores the buildout boom, positioning NVIDIA, Dell, Applied Materials, Equinix, Amazon, and Microsoft as prime beneficiaries. These firms show explosive growth in AI-related revenue, with NVDA leading conviction. Watch capex guidance and policy for confirmation.
NVDAMSFTAMZNCoreWeave's $8.5B AI Deal: NVDA Leads 6 Stocks Ranked by Infrastructure Upside
CoreWeave's $8.5B financing highlights surging AI infrastructure demand, benefiting Nvidia, Broadcom, Dell, Equinix, Super Micro, and AMD. We analyze each's exposure with fresh financials and rank conviction from strongest (Nvidia) to solid (AMD). The buildout persists, but capex risks loom.
NVDAAVGOEQIXAI Capex Super-Cycle: Ranking the Top 10 Infrastructure Beneficiaries by Order Book Strength
The AI infrastructure capex super-cycle is channeling $200B+ in hyperscaler spending into data centers, power, networking, and cooling. Arista Networks and Vertiv lead the ranking with the strongest order book visibility, while Amphenol offers the best growth-to-valuation ratio and Dell provides deep value at 12.8x forward earnings.
ANETVRTAPHHyperscaler Capex Arms Race: Four Cloud Platforms Battling for AI Workload Dominance
The four major cloud platforms — Amazon, Microsoft, Alphabet, and Oracle — are collectively committing over $600 billion in 2026 capital expenditure to build AI infrastructure, with Dell as a picks-and-shovels beneficiary. Microsoft offers the best risk-adjusted return with the highest margins and broadest AI monetization, while Alphabet's self-funded 48% cloud growth and Oracle's cheapest valuation but highest execution risk round out the competitive landscape.
AMZNMSFTGOOGLDell vs Supermicro: Head-to-Head on AI Server Revenue, Margins, and Backlog
Dell dominates Supermicro on profitability (19.8% vs 6.3% gross margin) and cash generation ($4B quarterly FCF vs cash burn), while SMCI leads on growth velocity at +123% YoY revenue. Dell's record $43 billion AI server backlog provides superior revenue visibility, making it the higher-conviction AI infrastructure play at 12.8x forward P/E.
SMCIAI Capex Value Chain: Comparing Margin Profiles Across Cloud, Server, and Component Layers
A comparison of ORCL, DELL, SMCI, and VRT reveals a 10x gross margin gap across the AI capex value chain — from Oracle's 66.5% software margins to SMCI's 6.3% hardware assembly margins. Vertiv emerges as the margin sweet spot with 37.8% gross margins and minimal capex needs, while Oracle's historic $21B capex bet has pushed its FCF negative.
ORCLSMCIVRTWhere do returns on AI capex accrue — cloud operators, server OEMs, or component suppliers?
Oracle absorbs the heaviest capex burden in the AI infrastructure buildout, spending 75% of revenue on data center construction with negative free cash flow. Vertiv captures the best risk-adjusted returns — 25% ROIC, 19% FCF margins, and minimal capex — while server OEMs Dell and SMCI act as high-volume, low-margin pass-throughs.
ORCLSMCIVRTHow do capex payback periods compare between cloud infrastructure and equipment layers?
Cloud infrastructure capex payback periods are dramatically longer than equipment layers. Oracle's PP&E/EBITDA ratio of 1.8x (and rising toward 3x) with negative free cash flow contrasts sharply with Dell, Vertiv, and SMCI, which all recover capex in under a year. Vertiv offers the best risk-adjusted exposure with 19% FCF margins and 25% ROIC on minimal capex, while Oracle's thesis rests on future cloud revenue materializing to justify unprecedented capital spending.
ORCLVRTSMCIWhich AI server OEM has more durable customer lock-in: Dell's enterprise stack or SMCI's customization?
Dell Technologies demonstrates significantly stronger customer lock-in than Supermicro, evidenced by $13.3B in deferred revenue (15x SMCI's $897M), gross margins nearly triple SMCI's (19.8% vs 6.3%), and a multi-layered ecosystem spanning hardware, software, services, and financing. While SMCI's customization model drives faster growth (34.8% vs 19%), its transactional relationships and thin margins create vulnerability to customer defection.
SMCINVDACan Supermicro close the margin gap with Dell as AI server volumes scale?
The gross margin gap between Dell and Supermicro has widened to 13.5 percentage points (19.8% vs 6.3%) as AI server volumes scale, contrary to expectations that Supermicro would achieve margin convergence through volume leverage. Dell's structural advantages in services attach, diversification, and procurement scale make it the better risk-adjusted AI infrastructure play at a lower forward P/E.
SMCIWhere does the $200B+ AI infrastructure spend concentrate: chips, networking, power, or cooling?
The $200B+ AI infrastructure buildout concentrates most heavily in compute (NVIDIA), with networking (Arista), power/cooling (Vertiv), servers (Dell), and optical interconnects (Coherent) capturing progressively smaller but fast-growing shares. NVIDIA and Arista offer the highest-conviction exposure, Dell the best value, and Vertiv and Coherent the most explosive but riskiest upside.
NVDAANETVRT
Dell Technologies Inc. company profile
Overview
Dell Technologies Inc. (NASDAQ:DELL) is a multinational technology corporation founded in 1984 by Michael Dell, originally as PC's Limited. The company went public in 1988, was taken private in 2013 through a leveraged buyout, and returned to public markets in 2016 following its acquisition of data storage company EMC Corporation. Today, Dell is one of the world's largest technology infrastructure companies, headquartered in Round Rock, Texas, serving customers across enterprise, government, and consumer markets globally.
Business
Dell Technologies operates as a comprehensive technology solutions provider across three primary business segments. The Infrastructure Solutions Group (ISG) represents approximately 48% of total revenue and focuses on enterprise IT infrastructure, including servers, storage systems, and networking equipment. This segment provides the foundational hardware that powers data centers, cloud computing environments, and enterprise applications. Servers are essentially powerful computers designed to handle multiple users and complex workloads simultaneously, while storage systems manage and protect vast amounts of digital data for organizations. The Client Solutions Group (CSG) accounts for roughly 50% of revenue and encompasses personal computers, workstations, and related peripherals. This includes desktop computers, laptops, high-performance workstations for specialized applications, monitors, and various accessories. The segment serves both commercial customers (businesses, governments, educational institutions) and individual consumers. A smaller segment includes VMware and other software solutions, representing approximately 2% of revenue. VMware specializes in virtualization software that allows organizations to run multiple operating systems and applications on a single physical server, improving efficiency and reducing costs. Dell also provides various IT services including deployment, configuration, support, and financing through Dell Financial Services.
Revenue model
Dell generates revenue primarily through direct product sales across its hardware portfolio, complemented by services and financing offerings. The ISG segment sells servers, storage arrays, and networking equipment directly to enterprise customers, system integrators, and channel partners. Revenue comes from both the initial hardware sale and ongoing support services, with higher-margin opportunities in specialized configurations and Dell-proprietary storage solutions. The CSG segment operates on a similar model, selling PCs and workstations through direct sales channels, retail partnerships, and online platforms. Commercial PC sales typically carry higher margins than consumer products due to volume pricing, extended warranties, and support services. Dell Financial Services provides leasing and financing options, generating additional revenue through interest and fees. Several factors influence Dell's profitability margins. Component costs significantly impact margins, particularly for memory, processors, and storage components, which can fluctuate based on supply-demand dynamics and semiconductor cycles. Product mix affects profitability, with AI-optimized servers, high-end workstations, and proprietary storage solutions commanding higher margins than commodity products. Services attachment rates improve overall margins, as support, deployment, and extended warranty services carry higher profit margins than hardware. Competition from companies like HPE, Lenovo, and cloud service providers can pressure pricing, while currency fluctuations affect international operations and economic cycles influence enterprise IT spending patterns.
Competitive moat
Dell's competitive moat is moderate and primarily built on operational excellence rather than insurmountable barriers. The company benefits from scale advantages in procurement and manufacturing, allowing competitive pricing through volume purchasing of components and efficient global supply chain management. Dell's direct-to-customer model provides better margins than traditional retail channels and enables customization capabilities that competitors using intermediaries cannot easily match. The company has developed strong customer relationships in enterprise markets through comprehensive service capabilities, global support infrastructure, and financing solutions that create switching costs for large organizations. Dell's engineering expertise in system integration and custom configurations provides some differentiation, particularly in complex enterprise deployments and emerging areas like AI infrastructure. However, Dell's moat faces significant challenges. The core hardware products are largely commoditized, with limited proprietary technology beyond system design and integration. Cloud computing trends threaten traditional on-premises infrastructure demand, while hyperscale cloud providers increasingly design their own servers and purchase directly from original design manufacturers (ODMs), potentially bypassing traditional vendors like Dell. Component suppliers like Intel, AMD, and NVIDIA hold more pricing power in the value chain. The PC market faces structural headwinds from mobile device adoption and longer replacement cycles. Overall, Dell operates in a competitive industry with moderate barriers to entry and faces ongoing disruption from cloud computing and direct customer-to-ODM relationships.
Risks & safety
Dell's margin of safety appears moderate with some concerning aspects. The company operates with negative shareholders' equity due to high debt levels from past acquisitions and share buybacks. **Liquidity and Solvency:** - Cash and short-term investments: $3.6 billion against $46.5 billion in current liabilities - Current ratio of 0.78 indicates potential liquidity pressure - Negative free cash flow of $150 million in Q4 2025, though full-year FCF was positive at $1.9 billion - Total debt significantly exceeds market capitalization **Valuation Metrics:** - P/E ratio of 10.9 appears reasonable for current earnings - EV/EBITDA of 7.2 suggests moderate valuation - Price-to-book ratio is negative due to negative book value **Other Considerations:** - Strong market position in growing AI infrastructure market provides upside potential - Cyclical nature of IT spending creates earnings volatility - High leverage limits financial flexibility during downturns
Recent development
Over the past few years, Dell has undergone significant strategic transformation focused on artificial intelligence infrastructure and operational efficiency. The company has positioned itself as a leading provider of AI-optimized servers, with AI server orders growing from minimal levels to a $9 billion backlog by Q4 2025. Dell launched five AI-optimized platforms and expects at least $15 billion in AI server shipments for FY2026, representing a major growth driver. The company has simplified its product portfolio and branding, particularly in the PC segment, while expanding silicon partnerships beyond Intel to include AMD and Qualcomm processors. Dell introduced Copilot+ PCs and AI-enabled architectures to capture the anticipated PC refresh cycle driven by Windows 10 end-of-life and enterprise modernization needs. Operationally, Dell has focused on cost optimization through workforce reductions, automation initiatives, and improved working capital management. The company has modernized its internal operations using AI and implemented efficiency programs to maintain competitiveness. Dell has also expanded its services capabilities and financing solutions to improve margins and customer stickiness, while investing in engineering talent to support custom AI infrastructure deployments. The strategic pivot toward AI infrastructure represents Dell's most significant transformation, leveraging its traditional strengths in enterprise hardware to capture emerging opportunities in artificial intelligence computing infrastructure.
DELL company profile · for informational purposes only — not investment advice.
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