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What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.8% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

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To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Dell Technologies (DELL - Free Report) Dell Technologies is a leading provider of servers, storage and PCs. It offers secure, integrated solutions that extend from the edge to the core to the cloud. Dell’s IT solutions support customers both in traditional infrastructure and multi-cloud environments.

DELL is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Computer and Technology stock. DELL has a Momentum Style Score of A, and shares are up 21.1% over the past four weeks.

For fiscal 2027, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $6.57 to $25.34 per share. DELL boasts an average earnings surprise of +29%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, DELL should be on investors' short list.

Dell Technologies shares DELL climbed 4.3% in morning trading on Wednesday, reaching $556.85 and a new 52-week high of $562.99, as investors positioned ahead of CEO Michael Dell’s appearance at the Goldman Sachs Communacopia + Technology Conference.

The presentation comes after Dell reported record fiscal second-quarter results and raised its full-year outlook, reinforcing investor focus on its growing artificial intelligence infrastructure business.

Dell reported fiscal 2027 second-quarter revenue of $46.97 billion, representing a 58% increase from a year earlier.

The company also reported $60.9 billion in AI-related orders during the quarter, alongside $16.4 billion in AI revenue and an AI backlog of $95 billion.

The strength of the AI pipeline prompted Dell to raise its full-year guidance.

The company now expects sales growth of 69% and adjusted earnings per share growth of 148%, with adjusted EPS projected at $25.50.

The results triggered a series of analyst upgrades and price-target increases from firms including Morgan Stanley, Goldman Sachs and Citigroup.

Dell’s AI server business has also expanded significantly.

Cumulative AI server revenue has approached $74 billion, roughly three times the level of the previous year.

Meanwhile, Dell’s commercial business continued to grow, with commercial revenue increasing 22% and marking its eighth consecutive quarter of growth.

Evercore raised its price target for Dell to $650 from $575 and maintained the stock as a top pick despite its recent gains.

Analyst Amit Daryanani said Dell could benefit from the emergence of neocloud deployments, increasing enterprise AI adoption and ongoing supply-chain challenges.

He also pointed to potential margin expansion and the company’s capital allocation as additional factors supporting the outlook.

Daryanani said investors may be underestimating the potential impact of changes in the IT hardware market.

He described the sector as approaching a period of de-commoditization that could benefit Dell through both revenue and earnings growth.

Evercore sees potential upside to the current fiscal 2027 consensus earnings estimate of about $25.88 per share.

Its bullish scenario puts earnings above $30, while further AI server growth, higher AI adoption, storage-margin expansion, operating leverage, and additional capital returns could potentially push fiscal 2028 EPS above $40.

Daryanani also outlined a longer-term scenario in which Dell shares could reach $1,000, based on a 25-times earnings multiple and $40 of EPS.

Dell’s AI infrastructure expansion comes as the company continues its transition from a traditional personal-computer maker into a major supplier of computing infrastructure.

The stock has reached multiple 52-week highs as investors have responded to the company’s AI pipeline and backlog. Dell is also scheduled to join the S&P 100 on September 21.

Its inclusion could increase demand from funds and other investment vehicles that track the index, potentially adding another source of investor interest.

The company’s upcoming conference appearance gives investors another opportunity to assess the development of its AI infrastructure pipeline following its strong quarterly results.

With a substantial AI backlog, rising orders and growing server revenue, Dell remains increasingly exposed to the continued expansion of AI computing infrastructure, while analysts continue to debate how much of that growth is already reflected in its valuation.

Ahead of Michael Dell's appearance at the Goldman conference, the stock is likely to remain a closely watched name among traders using trading platforms.

Baird Financial Group Inc. trimmed its position in Dell Technologies Inc. (NYSE:DELL – Free Report) by 14.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,210 shares of the technology company’s stock after selling 40,655 shares during the quarter. Baird Financial Group Inc.’s holdings in Dell Technologies were worth $100,621,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Commonwealth Retirement Investments LLC bought a new position in shares of Dell Technologies in the fourth quarter worth $25,000. Rossby Financial LCC boosted its stake in Dell Technologies by 968.4% during the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after buying an additional 184 shares during the period. Cornerstone Financial Management LLC grew its position in Dell Technologies by 56.1% during the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock worth $28,000 after buying an additional 23 shares in the last quarter. Navalign LLC bought a new position in Dell Technologies in the 4th quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in Dell Technologies in the 4th quarter worth about $29,000. 76.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades DELL has been the subject of a number of research analyst reports. Susquehanna set a $289.00 price target on Dell Technologies and gave the company a “neutral” rating in a research report on Friday, May 29th. Jefferies Financial Group cut shares of Dell Technologies to a “hold” rating in a research report on Monday, June 1st. William Blair initiated coverage on shares of Dell Technologies in a research note on Monday, June 1st. They issued a “neutral” rating on the stock. UBS Group reissued an “outperform” rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. Finally, Citic Securities increased their price target on shares of Dell Technologies from $160.00 to $505.00 and gave the stock a “buy” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $553.79.

Read Our Latest Research Report on Dell Technologies Insider Activity In other news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total value of $47,176,751.94. Following the transaction, the director owned 64,209 shares in the company, valued at approximately $33,217,884.06. This trade represents a 58.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Spv-2 L.P. Sl sold 83,006 shares of Dell Technologies stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total transaction of $42,942,324.04. Following the completion of the transaction, the director directly owned 73,185 shares in the company, valued at approximately $37,861,527.90. The trade was a 53.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,248,199 shares of company stock worth $558,352,352. Company insiders own 41.50% of the company’s stock.

Dell Technologies Price Performance Shares of DELL opened at $533.27 on Wednesday. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $538.47. The stock has a 50 day simple moving average of $443.55 and a two-hundred day simple moving average of $316.11. The firm has a market cap of $345.62 billion, a P/E ratio of 30.95, a P/E/G ratio of 0.54 and a beta of 1.34.

Dell Technologies (NYSE:DELL – Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, topping analysts’ consensus estimates of $4.91 by $2.13. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The firm had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. During the same period in the previous year, the business posted $1.70 EPS. The business’s quarterly revenue was up 57.7% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. On average, equities analysts anticipate that Dell Technologies Inc. will post 25.14 earnings per share for the current year.

Dell Technologies Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies’s dividend payout ratio (DPR) is 14.63%.

Trending Headlines about Dell Technologies Here are the key news stories impacting Dell Technologies this week:

Positive Sentiment: Record AI server orders of $60.9 billion helped drive quarterly revenue to $46.97 billion, while earnings of $7.04 per share exceeded the $4.91 consensus estimate. The results reinforce expectations for rapid growth in AI-related infrastructure. Dell Q2 2027 Earnings Call Transcript Positive Sentiment: Coverage emphasizes that Dell is benefiting from an “on-premise” AI buildout, as enterprises install servers and AI systems internally rather than relying exclusively on public cloud providers. This broadens the potential demand opportunity beyond hyperscale data centers. Dell’s latest reinvention and on-premise AI Positive Sentiment: Analysts and financial commentators continue to raise Dell’s profile as a leading AI infrastructure investment, citing surging earnings, strong demand and the company’s roughly $95 billion AI backlog. Wall Street optimism has supported the stock’s recent momentum. Wall Street raises Dell targets after earnings Neutral Sentiment: Dell’s consumer PC business is also expanding with the lower-priced Dell 14S laptop, supported by improving PC demand. However, competition from HP and Apple limits the significance of this opportunity relative to the much larger AI server business. Dell expands consumer PC reach Negative Sentiment: At roughly $524 per share after a gain of more than 300% over the past year, valuation and execution risk are becoming more important. Investors are questioning how much of the AI backlog will convert into revenue and profitable margins, while the stock’s proximity to its high leaves less room for disappointment. Is Dell Making Money Where You Think It Is? Dell Technologies Company Profile (Free Report)

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, displays, peripherals and related accessories marketed primarily under the Dell brand.

The company also provides enterprise infrastructure solutions, including servers, storage systems, networking equipment, data protection, cybersecurity and cloud-related technologies. Dell Technologies supports organizations with consulting, deployment, managed and support services designed to help them operate data centers, hybrid cloud environments and modern workplace technology.

Michael Dell founded the company in 1984 and serves as its chairman and chief executive officer.

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AI: The Largest Industrial Buildout Since the RailroadAs a percentage of GDP, the current artificial intelligence buildout is the largest industrial buildout since the American railroad buildout of the 19th century.

Image Source: EpochAI

However, for many investors, the pain and the memory of the late-1990s internet boom and the subsequent bust 2000 bust are still fresh in their minds. Which begs the question for investors: “What part of the AI cycle are we in currently?” In today’s commentary, I will be contrasting the AI boom to the internet boom of the 1990s, providing evidence and data that underscored my belief that we are merely in the third inning of nine in the AI boom.

AI: There is No “Dark Fiber” During the dot-com bubble of the late 1990s, telecom companies invested more than $500 billion (financed through cheap corporate debt) to dig trenches across land and under oceans, believing that internet traffic would create permanent demand for bandwidth. However, these telecom companies overestimated the need for fiber and overinvested. By the time the internet bubble popped, more than 90% of transcontinental and transatlantic fiber sat “dark” and unused, leading to plunging stock prices and widespread bankruptcies.

Today, a key part of the bear argument is that history is repeating itself, except this time, the overinvesting is occurring in NVIDIA ((NVDA - Free Report) ) GPUs. However, the evidence contradicts such a sentiment. The NVIDIA H1000 is a three-year-old training chip. Its rental price is up a staggering 22% month-over-month to $3.28 an hour. Instead of these outdated chips sitting “dark,” hyperscalers are paying a premium for them.

Image Source:TradingView

AI Companies are More Profitable than Internet CompaniesIn 1999, a massive wave of internet initial public offerings hit. Of these new issues, roughly 75% operated at a net loss. Today, tech IPOs have a GAAP profitability rate of ~50% due to because private markets have stricter expectations. Today’s top AI companies like Alphabet ((GOOGL - Free Report) ), Advanced Micro Devices ((AMD - Free Report) ), and Micron ((MU - Free Report) ) are highly profitable. For instance, last quarter, Micron generated $28.86 billion in net income.

Image Source: Zacks Investment Research

AI Valuations are ReasonableAt the peak of the internet bubble, the average price-to-earnings ratio was over 200x. Conversely, leading AI names have extremely reasonable P/E ratios, as valuations have been held down recently by geopolitical concerns. For example, Dell ((DELL - Free Report) ) has a P/E ratio of 28.52x. On the other hand, Cisco ((CSCO - Free Report) ), one of the leading internet-related names of the time, peaked with a 200x P/E.

Image Source: Zacks Investment Research

Bottom Line

While the sheer scale of the AI buildout naturally draws comparisons to the internet bubble of the late-90s, equating the two overlooks key economic realities. Backed by immediate hardware utilization, robust profitability, and low valuations, the AI boom rests on a far stronger foundation than the internet boom.

Shares of Dell (DELL +1.50%) rose nearly 15% this past week after the tech giant reported blistering sales and profit growth.

Image source: Getty Images.

AI-fueled gains Dell's revenue surged 58% year over year to $47 billion in its fiscal 2027 second quarter, which ended on July 31.

The computer maker has emerged as a major beneficiary of the seemingly insatiable demand for artificial intelligence (AI) infrastructure. Sales of Dell's AI-optimized servers doubled to $16.4 billion.

As AI computing requirements shift from model training to agentic workloads, it's also boosting demand for central processor unit (CPU)-related infrastructure. Dell benefits here, too. Revenue in its traditional server and networking division rocketed 122% higher to $10.5 billion.

"IT environments have shifted from cost centers to value drivers that fuel growth and competitive advantage, and customers are investing accordingly -- creating opportunity across our portfolio," chief operating officer Jeff Clarke said.

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Better still, Dell is becoming vastly more profitable as it expands its revenue base. Its adjusted operating and net income soared 160% and 189%, respectively, to $5.9 billion and $4.6 billion.

All told, Dell's adjusted earnings per share, boosted by stock buybacks, increased 203% to $7.04.

Management sees more gains ahead These incredible results and encouraging ongoing sales trends prompted Dell to lift its full-year financial guidance. The AI leader now expects its revenue to rise by 69% to $192 billion and its adjusted earnings to jump 148% to $25.50 per share in fiscal 2027.

With its shares currently trading for about 20 times its projected profits, Dell's stock remains an attractive buy today.

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Dell Technologies (DELL - Free Report) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Dell Technologies currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if DELL is a promising momentum pick, let's examine some Momentum Style elements to see if this computer and technology services provider holds up.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For DELL, shares are up 14.88% over the past week while the Zacks Computer - Micro Computers industry is up 6.95% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 15.51% compares favorably with the industry's 8.62% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Dell Technologies have increased 32.5% over the past quarter, and have gained 319.88% in the last year. On the other hand, the S&P 500 has only moved 1.98% and 19.92%, respectively.

Investors should also take note of DELL's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now DELL is averaging 8,320,478 shares for the last 20 days..

Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with DELL.

Over the past two months, 8 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost DELL's consensus estimate, increasing from $18.77 to $25.34 in the past 60 days. Looking at the next fiscal year, 7 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineGiven these factors, it shouldn't be surprising that DELL is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Dell Technologies on your short list.

Dell Technologies (DELL - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this computer and technology services provider have returned +15.5%, compared to the Zacks S&P 500 composite's -0.1% change. During this period, the Zacks Computer - Micro Computers industry, which Dell Technologies falls in, has gained 4%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Dell Technologies is expected to post earnings of $6.64 per share for the current quarter, representing a year-over-year change of +156.4%. Over the last 30 days, the Zacks Consensus Estimate has changed +57%.

The consensus earnings estimate of $25.34 for the current fiscal year indicates a year-over-year change of +146%. This estimate has changed +41.5% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $29.46 indicates a change of +16.3% from what Dell Technologies is expected to report a year ago. Over the past month, the estimate has changed +29.4%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Dell Technologies is rated Zacks Rank #1 (Strong Buy).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Dell Technologies, the consensus sales estimate of $50.89 billion for the current quarter points to a year-over-year change of +88.4%. The $196.03 billion and $226.83 billion estimates for the current and next fiscal years indicate changes of +72.7% and +15.7%, respectively.

Last Reported Results and Surprise HistoryDell Technologies reported revenues of $46.97 billion in the last reported quarter, representing a year-over-year change of +57.7%. EPS of $7.04 for the same period compares with $2.32 a year ago.

Compared to the Zacks Consensus Estimate of $45.34 billion, the reported revenues represent a surprise of +3.6%. The EPS surprise was +41.65%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Dell Technologies is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Dell Technologies. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.

AlphaGrep UK Ltd acquired a new stake in Dell Technologies Inc. (NYSE:DELL – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,055 shares of the technology company’s stock, valued at approximately $887,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management raised its stake in Dell Technologies by 2.3% during the 2nd quarter. Triumph Capital Management now owns 1,405 shares of the technology company’s stock worth $606,000 after acquiring an additional 32 shares in the last quarter. Accel Wealth Management grew its holdings in Dell Technologies by 2.8% in the second quarter. Accel Wealth Management now owns 1,421 shares of the technology company’s stock valued at $613,000 after purchasing an additional 39 shares during the last quarter. Ariadne Wealth Management LP lifted its holdings in shares of Dell Technologies by 1.6% in the first quarter. Ariadne Wealth Management LP now owns 3,092 shares of the technology company’s stock valued at $508,000 after purchasing an additional 49 shares in the last quarter. Bell Investment Advisors Inc grew its holdings in Dell Technologies by 19.3% during the 1st quarter. Bell Investment Advisors Inc now owns 322 shares of the technology company’s stock valued at $53,000 after buying an additional 52 shares during the last quarter. Finally, Vectors Research Management LLC raised its stake in Dell Technologies by 0.4% in the 1st quarter. Vectors Research Management LLC now owns 14,645 shares of the technology company’s stock valued at $2,404,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies News Roundup Here are the key news stories impacting Dell Technologies this week:

Positive Sentiment: AI demand remains the primary catalyst. Dell reported record AI-server orders and a roughly $95 billion backlog, supporting expectations for sustained data-center growth. Broad enterprise IT-refresh demand is providing an additional tailwind. DELL Stock Hits 52-Week High: Does it Have More Room to Run? Positive Sentiment: The latest earnings beat reset expectations higher. Dell posted quarterly revenue of $46.97 billion, up 57.7% year over year and above the $44.89 billion consensus. Adjusted earnings of $7.04 per share exceeded estimates by $2.13, while management raised its fiscal outlook. Dell Technologies Raises the Bar Again as AI Demand Fuels Another Strong Quarter Positive Sentiment: Analyst support strengthened. Goldman Sachs increased its price target by $60, while JPMorgan raised its target to $635. Other firms, including UBS, Morgan Stanley and TD Cowen, also expressed constructive views, reinforcing bullish sentiment around Dell’s AI-server opportunity. Goldman Sachs resets Dell stock price target by $60 Positive Sentiment: Dell is increasingly viewed as a potential major AI beneficiary because its growth is being supported by reported customer orders and revenue rather than expectations alone. Its performance has also helped validate the broader AI infrastructure trade. Bank of America sees upside in surging AI stock Neutral Sentiment: Valuation and execution are becoming more important. After a sharp 2026 rally and a move near its 52-week high, investors are debating whether the backlog can translate into profitable growth at current expectations. Negative Sentiment: Some commentary cautions that Dell’s margins, supply availability and ability to convert the backlog into cash flow could limit further upside. The stock’s substantial gains also increase the risk of profit-taking or consolidation if future results merely meet, rather than exceed, elevated expectations. Dell Just Jumped 16% and One Strategist Says That Is the Whole Tech Argument Right Now Analyst Ratings Changes A number of research firms recently issued reports on DELL. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $565.00 to $635.00 and gave the company an “overweight” rating in a report on Wednesday. Citigroup raised their price objective on shares of Dell Technologies from $515.00 to $600.00 and gave the stock a “buy” rating in a report on Wednesday. Piper Sandler reissued an “overweight” rating and issued a $558.00 price target (up from $497.00) on shares of Dell Technologies in a report on Wednesday. Bank of America raised their price objective on shares of Dell Technologies from $505.00 to $600.00 and gave the company a “buy” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft started coverage on Dell Technologies in a research report on Thursday. They set a “hold” rating and a $480.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $553.79. View Our Latest Analysis on Dell Technologies

Dell Technologies Stock Up 1.8% Shares of Dell Technologies stock opened at $525.66 on Friday. The firm’s 50-day moving average price is $439.28 and its two-hundred day moving average price is $308.94. The company has a market capitalization of $340.69 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 0.73 and a beta of 1.34. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $534.99.

Dell Technologies (NYSE:DELL – Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating the consensus estimate of $4.91 by $2.13. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The business had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. During the same quarter in the prior year, the firm earned $1.70 EPS. The firm’s revenue was up 57.7% compared to the same quarter last year. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. On average, sell-side analysts expect that Dell Technologies Inc. will post 21.28 earnings per share for the current year.

Dell Technologies Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, October 20th. Dell Technologies’s payout ratio is presently 14.63%.

Insider Activity In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 138,885 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $398.13, for a total transaction of $55,294,285.05. Following the transaction, the director directly owned 8,585 shares in the company, valued at approximately $3,417,946.05. This trade represents a 94.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Spv-2 L.P. Sl sold 131,040 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $398.13, for a total value of $52,170,955.20. Following the completion of the sale, the director owned 12,619 shares in the company, valued at $5,024,002.47. This represents a 91.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,527,629 shares of company stock worth $619,325,485. 41.50% of the stock is owned by insiders.

(Free Report)

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

Further Reading Five stocks we like better than Dell Technologies Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELL – Free Report).

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Dell Technologies' superb earnings report is still reverberating across the stock market, as the stock climbed to a new high Friday.

An updated edition of the July 20, 2026, article.

Founders often leave a lasting imprint on the companies they create, influencing strategy, culture and long-term priorities. Their conviction and personal commitment can make them more willing to take calculated risks, operate through uncertainty and pursue opportunities that professional managers might dismiss. As these businesses frequently reflect the founder’s values and vision, they can develop an identity that supports sustained growth. Today, roughly 11% of large-cap U.S. companies are founder-led.

Although founder-led businesses represent less than 5% of the S&P 500, their economic influence is far greater. Entrepreneurs such as Elon Musk, Warren Buffett, Steve Jobs, Jeff Bezos, Mark Zuckerberg and Bill Gates have transformed industries and created some of the world’s most valuable companies. NVIDIA (NVDA - Free Report) , Amazon (AMZN - Free Report) , Meta Platforms, Tesla, Berkshire Hathaway, Alphabet and Netflix highlight the perseverance of founder-driven leadership. Collectively, these companies make up nearly 15% of the S&P 500’s market capitalization, with technology businesses forming the largest share.

Many founder-led enterprises begin with innovative ideas tied to technological advancement and market demand. In their early years, founders often face skepticism from investors and rely on personal savings or bootstrapping before attracting outside capital. Even as their companies grow, many maintain meaningful ownership positions, helping align their interests and strategic decisions closely with those of long-term shareholders.

Founder-led companies are not without risks. Founders may resist delegating authority and assume several roles to retain control over their original vision. Although such involvement can maintain strategic focus, it may hinder expansion and prevent companies from fully benefiting from specialized talent. Even so, founder-led businesses have often delivered stronger returns than their peers. According to a Motley Fool report, publicly traded companies still run by their founders generated average annual returns of 25% over the past decade versus 14% for the S&P 500.

Our Founder-Run Companies Screen makes it easy to identify high-potential stocks. Currently, stocks like NVIDIA, Amazon, Palantir Technologies (PLTR - Free Report) , Dell Technologies (DELL - Free Report) and Fortinet, Inc. (FTNT - Free Report) look appealing.

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NVIDIA, with a market capitalization of approximately $5.5 trillion, is a global leader in visual computing and the pioneer of the graphics processing unit (GPU). NVIDIA, once best known for its dominance in PC graphics, has successfully expanded into artificial intelligence-driven technologies powering high-performance computing, gaming, and immersive virtual environments.

CEO Jensen Huang emphasizes that accelerated computing and generative AI are reshaping not only the tech sector but industries across the globe. The company has leveraged this transformation to build multiple billion-dollar businesses in areas such as gaming, healthcare, automotive and robotics. NVIDIA continues to benefit from broad demand for accelerated computing as customers build AI factories across hyperscalers, AI clouds, enterprises and sovereign buyers. Blackwell Ultra is supporting growth while Vera Rubin broadens the platform across GPUs, CPUs, networking and software.

A key driver of NVIDIA’s growth is its data center segment. As enterprises increasingly adopt cloud-based infrastructure, demand for data centers continues to surge worldwide. Major cloud providers like Amazon, Microsoft, and Alphabet are rapidly expanding their capacity, fueling strong and sustained demand for NVIDIA’s cutting-edge GPU technologies.

NVDA currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Amazon, with a market capitalization of approximately $2.8 trillion, is one of the largest e-commerce providers, with sprawling operations in North America, now spreading across the globe. Its online retail business revolves around the Prime program, well-supported by the company's massive distribution network. Jeff Bezos, the founder, serves as the executive chairman.

Continued investments in AI, logistics automation and cloud infrastructure position Amazon to capitalize on secular growth across industries. Its vast ecosystem strengthens customer retention and network effects, creating significant competitive barriers.

Expansion into emerging international markets offers additional e-commerce growth opportunities, while diversification across AWS, advertising and streaming broadens revenue sources and reduces dependence on retail. For the third quarter of 2026, Amazon expects net sales between $197 billion and $202 billion, indicating growth of 9% to 12% compared with the third quarter of 2025. Improving operating efficiency and a growing contribution from higher-margin businesses should support margin expansion, earnings growth and attractive long-term shareholder returns. It carries a Zacks Rank #2 (Buy).

Palantir Technologies, currently valued at roughly $438.6 billion, develops advanced software platforms for intelligence, defense, and enterprise operations. Founded in 2003 by Alex Karp, Peter Thiel, Stephen Cohen and Joe Lonsdale, the company has become a key technology partner for the U.S. intelligence and defense communities. Karp currently serves as executive chairman.

Palantir’s AI strategy is built around its core platforms, Foundry and Gotham, which support mission-critical operations and advanced analytics. Unlike many AI competitors still operating in pilot phases, Palantir has focused on delivering scalable, production-ready solutions. Its emphasis on practical AI deployment—including autonomous agents and integrated operational systems—has helped establish a strong competitive edge in both government and commercial markets.

The company has also strengthened its standing through close alignment with U.S. defense priorities, reinforcing its reputation as a trusted national security partner. Its modular sales model allows customers to adopt individual platform components before committing fully, reducing implementation barriers and supporting growth in the U.S. commercial sector. Additionally, this Zacks Rank #2 company promotes enterprise AI adoption through AIP boot camps that provide hands-on demonstrations and training for prospective clients. For 2026, Palantir projects revenues between $8.15 billion and $8.158 billion.

Dell Technologies, with a market capitalization of approximately $333.7 billion, is a global leader in servers, storage systems, and personal computers. Founded by Michael Dell, the company is well-positioned to benefit from renewed demand tied to the ongoing PC refresh cycle.

Dell serves enterprise customers across on-premise, cloud, and edge environments with a broad portfolio of infrastructure solutions. Its advanced storage offerings, including PowerProtect Data Domain and PowerScale, incorporate AI-driven ransomware detection capabilities that enhance cybersecurity and operational resilience. The company has also emerged as a major supplier of AI-optimized servers and data center infrastructure, supported by rising enterprise demand for AI training and inference workloads.

This Zacks Rank #1 company continues to benefit from sustained AI infrastructure demand as customers secure capacity and modernize data centers. Its broad portfolio across AI servers, traditional compute, storage and commercial PCs supports share gains and gives Dell several avenues for growth. Its expanding lineup of AI-focused servers, combined with strategic partnerships with NVIDIA and AMD, further strengthens its position in the AI infrastructure market. Strong cash generation and disciplined capital allocation also reflect the company’s healthy financial profile.

Management raised fiscal 2027 revenue outlook by $25 billion to $192 billion, plus or minus $2 billion, and lifted non-GAAP earnings guidance to $25.50 per share, plus or minus 25 cents.

Fortinet, with a market capitalization of approximately $114.7 billion, is a leader in cybersecurity, driving the convergence of networking and security. Ken Xie is the co-founder, chairman, and chief executive officer of Fortinet, which he established alongside Michael Xie.

Fortinet’s strong product roadmap, built on FortiOS 8.0, AI-driven security, next-generation SASE, quantum-safe capabilities and new FortiGate 3500G/400G firewalls, positions the company to capitalize on escalating cybersecurity demands throughout 2026.  The network security market is experiencing structural expansion as enterprises prioritize AI, OT, edge security, SASE, cloud protection and vendor consolidation, creating substantial growth runway for Fortinet in 2026.

Organizations replacing point solutions with consolidated security frameworks generate larger deal sizes and recurring revenue opportunities. The shift toward subscription-based security consumption models aligns with Fortinet's business transformation. Fortinet's ongoing investments in sales capacity, cloud infrastructure, and proprietary ASIC development are translating into meaningful operating leverage. It sports a Zacks Rank #1.

Fortinet raised its full-year 2026 revenue guidance to $8.02-$8.18 billion, implying about 19% growth, and its non-GAAP EPS outlook to $3.41-$3.47. This Zacks Rank #1 company is well-poised for long-term balanced growth with strong cash generation, recurring revenues and a shareholder-focused long-term growth capital allocation strategy, banking on the combination of AI-driven security demand, an integrated and accelerated SASE Firewall platform solution and a strong operating model position.

Memory-chip stocks moved higher on Friday as investors returned to semiconductor names following a recent pullback.

Micron Technology MU gained about 4%, while SK hynix (SKHY) also advanced around 3%. SanDisk SNDK rose more than 5%, extending a rebound across the memory sector.

The move follows pressure created by Broadcom's latest outlook. Broadcom (AVGO) reported third-quarter AI semiconductor revenue of $16.7 billion, up 221% from a year earlier, but its $34.8 billion fourth-quarter revenue forecast came in below some market expectations.

Demand indicators remain supportive for memory suppliers. Dell Technologies (DELL) reported a $95 billion AI-server backlog, while industry data point to continued strength in DRAM and NAND demand.

The rebound also comes as Treasury yields ease, improving the backdrop for technology shares. Still, memory stocks remain sensitive to pricing trends, supply conditions and changes in AI infrastructure spending.

The recovery suggests investors remain focused on AI-driven memory demand despite recent semiconductor volatility.

Semiconductors are ripping while the broader tape barely moves, and that gap is splitting three major AI server stocks in completely different directions at midday Friday.

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The three biggest AI server names are separating along a new fault line at midday Friday. Semiconductors are ripping while broader technology barely budges, and the bid is concentrating in silicon and the hardware sitting right on top of it. Yesterday’s story was component shortages hitting Hewlett Packard Enterprise; today’s is rotation reshuffling the group entirely.

In a leadership position among major market sectors today is the iShares Semiconductor ETF (NASDAQ:SOXX), which is up 3% to $517.31. At the same time, the iShares U.S. Technology ETF (NYSEARCA:IYW) is up 0.2% to $252.97, essentially unchanged. That gap explains much of what’s happening across the three server stocks.

Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) stock is up 7% to $40.57, the highest-beta expression of AI server demand in the group. Meanwhile, Hewlett Packard Enterprise (NYSE:HPE) stock is down 3% to $52.68, extending a post-earnings pullback that sector strength can’t paper over. Dell Technologies (NYSE:DELL) stock is up 2% to $526.39, riding the same rotation with a broader business absorbing the impact.

Semiconductor Rotation Sets the Tone Sector rotation is doing the work today. The Bureau of Labor Statistics reported August nonfarm payrolls rose 162,000, well above forecasts, and short-term Treasury yields jumped as traders repositioned around the Federal Reserve’s policy meeting later this month. Semiconductors rallied anyway, and Super Micro Computer, with its narrower business and smaller market value than either peer, gets pulled hardest by that current in both directions.

Hewlett Packard Enterprise’s setup is different. Its Q3 FY2026 report two days ago was strong on the numbers, with non-GAAP EPS of $1.11 beating estimates and revenue of $12.21 billion up 32.7% year over year. However, CEO Antonio Neri flagged on the call that “supply constraints continue to affect our ability to fulfill the increased customer demand,” and today’s tape is punishing the demand the company can’t yet ship.

Why Super Micro Leads and Dell Rides Along Super Micro Computer’s Q4 FY2026 report on Aug. 11 established the setup for a session like this one. The company disclosed more than $60 billion in new orders during fiscal 2026, a record backlog entering fiscal 2027, and FY2027 revenue guidance of $65 billion to $72 billion. CEO Charles Liang put the demand backdrop plainly, stating “The demand for our AI IT solutions is even stronger than ever before.”

Dell is riding the same theme with a broader base underneath it. Its Q2 FY2027 report on Sept. 1 showed $60.9 billion in AI server orders, a $95 billion AI server backlog, and FY2027 revenue guidance raised to $192 billion. Dell’s larger size cushions single-day rotations, so Dell stock moves less violently than Super Micro Computer even when the same catalyst is driving both.

Hewlett Packard Enterprise’s own AI infrastructure numbers were loud too, with networking revenue of $2.89 billion, up 74.9% year over year, and server revenue lifted by AI demand. Yet, the same call flagged supply constraints across DDR5, NAND, and wafer capacity, with Neri noting that networking “orders are growing three and a half times faster than the revenue.” That gap between orders and shipments is what today’s sellers are pricing, and it points at the same power, cooling, and networking bottleneck we mapped in a free report on the non-chipmakers powering the AI boom.

Session Move Versus the Year The one-day picture flatters Super Micro Computer, but the year-to-date scoreboard flips it. Hewlett Packard Enterprise stock is up 121% in 2026 even after today’s slide, easily topping the SOXX semiconductor ETF’s 72% gain across the same stretch and dwarfing the returns of either peer on this list.

Super Micro Computer stock is up 39% year to date and 28% over the past month, so Friday extends a run rather than beginning one. That matters for sizing: momentum is on the trade heading in, and the past-month gain already discounts a fair amount of the semiconductor rally into the position.

What to Watch Next The macro backdrop makes today’s move more interesting rather than less. A hot payrolls print pushing yields higher is ordinarily hostile to long-duration growth equities, and the AI hardware bid is overriding that signal today. That balance can flip quickly, especially in the highest-beta ticker in the group.

No verified company announcement from Super Micro Computer accounts for the surge, so the mechanism looks like sector rotation and momentum concentrating in the most levered name. Investors can watch for signs that the semiconductor bid holds into the closing hour, along with any afternoon analyst notes tied to Hewlett Packard Enterprise’s post-earnings reaction or Dell’s raised outlook. Sizing one’s exposure to Super Micro Computer smaller than to Dell or Hewlett Packard Enterprise makes sense given how quickly rotation-driven moves can unwind on this kind of tape.

Contact [email protected] for any questions or corrections.

Ancora Advisors LLC reduced its holdings in Dell Technologies Inc. (NYSE:DELL – Free Report) by 64.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,002 shares of the technology company’s stock after selling 1,809 shares during the period. Ancora Advisors LLC’s holdings in Dell Technologies were worth $432,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Byrne Asset Management LLC acquired a new stake in Dell Technologies in the second quarter valued at $38,000. Atwood & Palmer Inc. raised its holdings in shares of Dell Technologies by 860.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 96 shares of the technology company’s stock valued at $41,000 after purchasing an additional 86 shares during the period. Allied Private Wealth LLC acquired a new stake in Dell Technologies in the 2nd quarter valued at about $63,000. Elevation Wealth Partners LLC grew its holdings in Dell Technologies by 5,900.0% during the second quarter. Elevation Wealth Partners LLC now owns 180 shares of the technology company’s stock worth $78,000 after purchasing an additional 177 shares during the period. Finally, Commonwealth Retirement Investments LLC bought a new position in Dell Technologies during the fourth quarter worth about $25,000. 76.37% of the stock is owned by institutional investors.

Key Headlines Impacting Dell Technologies Here are the key news stories impacting Dell Technologies this week:

Positive Sentiment: Dell reported record quarterly revenue of approximately $46.97 billion, up nearly 58% year over year, while adjusted EPS of $7.04 exceeded the $4.91 consensus estimate. Dell shares gain after strong AI server demand boosts annual forecast Positive Sentiment: AI server orders reached a record $60.9 billion, helping expand Dell’s AI-related backlog to roughly $95 billion. The backlog provides significant revenue visibility and reinforces the view that AI capital spending is translating into hardware sales. Dell AI Server Momentum Accelerates With Record AI Orders Positive Sentiment: Management raised fiscal 2027 revenue guidance to approximately $192 billion from $167 billion and increased adjusted EPS guidance to $25.50 from $17.90. The higher outlook, Dell’s fifth consecutive revenue-guidance beat, prompted several analysts to lift price targets; JPMorgan raised its target to $635 while maintaining an Overweight rating. Dell shares rise as demand jumps for AI servers Positive Sentiment: Investors are increasingly viewing Dell as a key “picks-and-shovels” beneficiary of AI, particularly as enterprises consider on-premises infrastructure to control cloud-computing and AI token costs. Strong results from Broadcom and Hewlett Packard Enterprise have further supported the broader AI infrastructure trade. AI Infrastructure Demand Remains Red-Hot Wall Street Analysts Forecast Growth DELL has been the topic of several research analyst reports. Royal Bank Of Canada initiated coverage on Dell Technologies in a research note on Friday, May 29th. They issued an “outperform” rating on the stock. Loop Capital lifted their target price on Dell Technologies from $150.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Melius Research increased their price target on Dell Technologies from $650.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday. The Goldman Sachs Group raised their price target on Dell Technologies from $510.00 to $570.00 and gave the company a “buy” rating in a report on Wednesday. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Dell Technologies in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $553.79. Read Our Latest Stock Analysis on Dell Technologies

Insider Buying and Selling In related news, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $453.54, for a total value of $31,160,919.24. Following the transaction, the director owned 67,990 shares in the company, valued at approximately $30,836,184.60. This trade represents a 50.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Silver Lake Partners V. De (Aiv sold 34,869 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $453.54, for a total transaction of $15,814,486.26. Following the sale, the director directly owned 43,961 shares of the company’s stock, valued at $19,938,071.94. This represents a 44.23% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,527,629 shares of company stock valued at $619,325,485. 41.50% of the stock is currently owned by corporate insiders.

Dell Technologies Trading Up 4.2% NYSE:DELL opened at $512.66 on Friday. The stock has a 50 day simple moving average of $436.67 and a 200 day simple moving average of $307.41. The stock has a market cap of $332.26 billion, a P/E ratio of 29.75, a PEG ratio of 0.89 and a beta of 1.34. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $530.78.

Dell Technologies (NYSE:DELL – Get Free Report) last announced its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. The company had revenue of $46.97 billion during the quarter, compared to analysts’ expectations of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. Dell Technologies’s quarterly revenue was up 57.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.70 earnings per share. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 18.22 EPS for the current year.

Dell Technologies Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, October 20th. Dell Technologies’s payout ratio is presently 14.63%.

Dell Technologies Company Profile (Free Report)

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

Featured Stories Five stocks we like better than Dell Technologies The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELL – Free Report).

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Shares of Dell Technologies Inc. (NYSE:DELL – Get Free Report) reached a new 52-week high during mid-day trading on Thursday after Fox Advisors upgraded the stock from an equal weight rating to an overweight rating. Fox Advisors now has a $625.00 price target on the stock. Dell Technologies traded as high as $516.54 and last traded at $513.8310, with a volume of 8238410 shares traded. The stock had previously closed at $492.20.

A number of other equities analysts have also recently weighed in on the company. Mizuho increased their price target on Dell Technologies from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday. Sanford C. Bernstein boosted their target price on Dell Technologies from $500.00 to $650.00 and gave the company an “outperform” rating in a research report on Wednesday. Citic Securities boosted their price objective on Dell Technologies from $160.00 to $505.00 and gave the company a “buy” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Dell Technologies in a research note on Monday. They set a “hold” rating and a $480.00 target price on the stock. Finally, Jefferies Financial Group cut Dell Technologies to a “hold” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $553.79.

Check Out Our Latest Research Report on Dell Technologies

Insider Buying and Selling at Dell Technologies In related news, Director Silver Lake Partners Iv, L.P. sold 138,885 shares of Dell Technologies stock in a transaction on Monday, June 8th. The stock was sold at an average price of $398.13, for a total value of $55,294,285.05. Following the completion of the transaction, the director directly owned 8,585 shares in the company, valued at approximately $3,417,946.05. This trade represents a 94.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Spv-2 L.P. Sl sold 131,040 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $398.13, for a total value of $52,170,955.20. Following the transaction, the director directly owned 12,619 shares of the company’s stock, valued at $5,024,002.47. The trade was a 91.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,527,629 shares of company stock valued at $619,325,485. Insiders own 41.50% of the company’s stock. More Dell Technologies News Here are the key news stories impacting Dell Technologies this week:

Positive Sentiment: Dell reported record quarterly revenue of approximately $46.97 billion, up nearly 58% year over year, while adjusted EPS of $7.04 exceeded the $4.91 consensus estimate. Dell shares gain after strong AI server demand boosts annual forecast Positive Sentiment: AI server orders reached a record $60.9 billion, helping expand Dell’s AI-related backlog to roughly $95 billion. The backlog provides significant revenue visibility and reinforces the view that AI capital spending is translating into hardware sales. Dell AI Server Momentum Accelerates With Record AI Orders Positive Sentiment: Management raised fiscal 2027 revenue guidance to approximately $192 billion from $167 billion and increased adjusted EPS guidance to $25.50 from $17.90. The higher outlook, Dell’s fifth consecutive revenue-guidance beat, prompted several analysts to lift price targets; JPMorgan raised its target to $635 while maintaining an Overweight rating. Dell shares rise as demand jumps for AI servers Positive Sentiment: Investors are increasingly viewing Dell as a key “picks-and-shovels” beneficiary of AI, particularly as enterprises consider on-premises infrastructure to control cloud-computing and AI token costs. Strong results from Broadcom and Hewlett Packard Enterprise have further supported the broader AI infrastructure trade. AI Infrastructure Demand Remains Red-Hot Institutional Trading of Dell Technologies Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC acquired a new position in Dell Technologies during the 4th quarter worth approximately $25,000. Rossby Financial LCC lifted its position in shares of Dell Technologies by 968.4% during the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after purchasing an additional 184 shares during the last quarter. Cornerstone Financial Management LLC grew its stake in shares of Dell Technologies by 56.1% during the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock worth $28,000 after purchasing an additional 23 shares in the last quarter. Navalign LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Dell Technologies during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Trading Up 4.2% The firm has a market cap of $332.26 billion, a PE ratio of 29.75, a P/E/G ratio of 0.89 and a beta of 1.34. The business has a fifty day moving average price of $436.67 and a 200 day moving average price of $307.41.

Dell Technologies (NYSE:DELL – Get Free Report) last posted its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, topping the consensus estimate of $4.91 by $2.13. The firm had revenue of $46.97 billion during the quarter, compared to analysts’ expectations of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%.The firm’s revenue was up 57.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 earnings per share. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. On average, research analysts expect that Dell Technologies Inc. will post 18.22 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be given a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a yield of 0.5%. Dell Technologies’s payout ratio is 14.63%.

Dell Technologies Company Profile (Get Free Report)

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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Shares of Dell Technologies (NYSE:DELL) are trading higher Thursday and hit new all-time highs thanks to strong second-quarter financial results. The higher share price is good news for Dell CEO Michael Dell, who continues to climb the billionaires leaderboard in 2026.

Michael Dell’s Growing Net WorthDell, the billionaire and not the company, has been one of the top gainers for wealth in 2026. The gains come thanks to a roughly 40% ownership of his namesake company and a large stake in Broadcom Inc (NASDAQ:AVGO) shares.

Going into Thursday, Dell ranked fifth on the Bloomberg Billionaire Index with a wealth of $241 billion. That came after a $19.1 billion gain on Wednesday from Dell shares trading higher on earnings day.

Dell stock is now up another 4.7% on Thursday, adding to Dell’s wealth gains that will be realized later tonight. The only bad news is Broadcom stock is currently trading lower Thursday.

Dell has added $101 billion to his wealth in 2026 according to Bloomberg. This gain ranks second year-to-date, trailing only the world’s richest man Elon Musk, who is up an estimated $249 billion this year.

Heading into Thursday, Dell’s net worth of $241 billion was near his all-time high calculated by Bloomberg. The media outlet estimates Dell worth $244 billion in June and $249 billion in August.

Rising Dell shares could soon propel CEO Michael Dell’s wealth to an all-time peak.

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What’s Next for Dell (The Company)Dell beat second-quarter revenue and earnings per share estimates from analysts Wednesday. The company posted record quarterly revenue for its Infrastructure Solutions Group, record AI-optimized servers revenue, record traditional servers and networking revenue and record commercial client revenue.

The company said its AI server business booked a record $60.9 billion in orders in the second quarter. Dell ended the second quarter with a record $95 billion backlog.

Guidance for third quarter revenue and earnings per share came in ahead of analyst expectations.

Dell stock is up over 300% year-to-date in 2026. Based on the recent quarterly results and guidance, the stock doesn’t show any signs of slowing down until the company stops setting records, beating analyst estimates and raising guidance.

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Key Takeaways Dell's ISG revenues jumped 89% to $31.8B, led by 100% growth in AI-optimized servers. DELL raised FY2027 revenue guidance to $192B and AI-server revenues to $74B amid record orders.DELL lifted FY2027 non-GAAP EPS guidance to $25.50, while its forward P/E remains below its industry's. Dell Technologies Inc.’s (DELL - Free Report) shares have soared 291% year to date, driven by a rapid increase in artificial intelligence (AI) spending and strong demand across its server and infrastructure portfolio. The company’s latest strong quarterly results have further strengthened its position in the AI ecosystem, raising a potent question for investors: Is Dell the next big AI investment this year? Let’s find out –  

Dell’s AI Momentum Drives Record Growth and Higher Guidance Dell’s Infrastructure Solutions Group (ISG) posted record revenues of $31.8 billion in the fiscal second quarter of 2027, up 89% year over year, as mentioned in the company’s Sept. 1 press release. Within that, AI-optimized servers, Traditional Servers & Networking, and Storage reported encouraging numbers indicating that Dell isn’t dependent on just one AI product for growth; instead, it is seeing rising demand across its broader infrastructure portfolio. 

The standout figure was AI-optimized server revenue, which reached $16.4 billion in the fiscal second quarter, a 100% year-over-year increase. Dell also booked a record $60.9 billion in AI-server orders and ended the quarter with a staggering $95 billion backlog. All this indicates that demand for Dell’s AI infrastructure remains strong and highlights its strong position in meeting the growing server needs to run AI workloads. 

Even more importantly, Dell has raised its full-year guidance. For the fiscal year 2027, Dell increased its revenue outlook from $167 billion to $192 billion, representing a $25 billion increase. The AI-optimized server revenue outlook was raised from $60 billion to $74 billion, representing 200% year-over-year growth.  

Additionally, Dell raised its non-GAAP earnings per share (EPS) guidance for fiscal 2027 from $17.90 to $25.50, up 148% year over year. The company also reported non-GAAP EPS of $7.04 in the fiscal second quarter, up 203% year over year. These results show that Dell isn’t just experiencing strong sales growth, but is also converting that growth into higher profits (read more: DELL Q2 Earnings Beat Estimates, Strong AI Demand Aids Revenue Growth). 

Dell’s AI Growth, Valuation & Earnings Make DELL a Buy Dell’s fiscal second-quarter 2027 results and full-year guidance indicate that it has emerged as a strong AI infrastructure play, supported by robust demand for AI servers and a growing backlog.  

Now, with AI infrastructure spending continuing to increase, Dell appears well-poised to capitalize on this long-term trend. Accelerating revenues and earnings growth make DELL stock an attractive buy for investors willing to make the most of the long-term AI growth story. 

From a valuation perspective, Dell’s forward price-to-earnings (P/E) ratio of 25.51 is below the Computer - Micro Computers industry’s 34.87, indicating that investors will be burning a smaller hole in their pockets to acquire a growing business.

 

Image Source: Zacks Investment Research

For now, the company has a Zacks Rank #1 (Strong Buy), and its expected earnings growth rate for the current year is 87.4%. The Zacks Consensus Estimate of $19.21 for DELL’s EPS is up 73.5% year over year. You can see the complete list of today’s Zacks Rank #1 stocks here.

 

Image Source: Zacks Investment Research

On multiple occasions this year, President Donald Trump has publicly shown his support for Dell Technologies NYSE: DELL, telling Americans to “go out and buy a Dell computer” as recently as July 6.

In doing so, he has shone a light on one of the best-performing stocks over the past year.

Get Dell Technologies alerts:

Since its multi-year low on April 4, 2025, in the wake of the market’s tariff tantrum, shares have gained more than 490%.

Dell Technologies Inc. (DELL) Price Chart for Thursday, September, 3, 2026

Founder and CEO Michael Dell and his wife Susan are also vocal supporters of the president. They have personally pledged $6.25 billion to help fund Trump Accounts—the administration’s tax-advantaged investment plans for children under 18 that provide $1,000 in government funding for babies born between 2025 and 2028.

But Trump isn’t just a fan of the stock. According to his 927-page financial disclosure filed with the U.S. Office of Government Ethics on June 30, he is a shareholder as well. That position has panned out well for the president and investors broadly, punctuated most recently by Dell’s blowout Q2 2027 earnings, which it reported on Sept. 1 after the close.

Dell Reports a Big, Beautiful Q2 Earnings BlowoutDell Technologies Today

DELL

Dell Technologies

$514.90 +22.70 (+4.61%)

As of 01:54 PM Eastern

This is a fair market value price provided by Massive. Learn more.

$110.22▼

$530.780.49%

29.91

$555.46

The 42-year-old company is perhaps best known for its laptop and desktop computers, which were popularized by a series of highly successful commercials in the early 2000s.

But as a multinational tech conglomerate, Dell also designs, manufactures, and sells a broad range of IT products and services, including enterprise software, cloud infrastructure, and managed financial solutions.

Dell is also a government contractor. Trump’s stake, which reportedly grew to $1 million to $5 million in February and March, preceded the company being awarded a five-year, $9.7 billion contract on May 28 to provide software consolidation and cloud services across the military, intelligence community, and the Coast Guard.

Q2 2027 revenue came in at a record $46.97 billion, surpassing the consensus estimate of $44.89 billion, good for a 58% year-over-year (YOY) increase. But earnings per share (EPS) was the headline-grabber. An EPS of $7.04, up more than 200% YOY, easily surpassed analyst expectations for $4.91. The earnings beat marked the company’s 10th in the past 11 quarters.

Additional highlights included:

AI server revenue of $16.4 billion and a growing backlog of $95 billion

Full-year guidance for AI server revenue of $74 billion

Traditional server and networking revenue growth of 122%

Storage growth  of 26% YOY with record demand growth in Dell-IP

$2.2 billion in cash flow from operations and a record $4.3 billion shareholder return through dividends and stock buybacks

As a result, Dell raised its full-year revenue guidance by $25 billion to a range of $192 billion to $2 billion, and raised EPS guidance to $25.50 at the midpoint.

In his earnings call comments, COO Jeff Clarke said Dell’s broad portfolio, global reach, and customer relationships are helping drive demand across compute, networking, storage, and PCs as the company’s addressable market expands.

Post-Earnings Price Target Hikes Reinforce Wall Street’s Bullish ViewDell Technologies Stock Forecast Today12-Month Stock Price Forecast:
$555.46
6.37% Upside

Moderate Buy
Based on 36 Analyst Ratings

Current Price$522.22High Forecast$735.00Average Forecast$555.46Low Forecast$289.00Dell Technologies Stock Forecast Details

Analysts largely anticipated the company’s strong showing in its Q2 2027.

On May 30, Wall Street Zen raised Dell from a Buy rating to a Strong Buy rating, and on June 1, Goldman Sachs analysts boosted their target price on Dell from $230 to $500 while giving the stock a Buy rating. More recently, Bank of America raised its price target on Dell from $505 to $600 on Aug. 31 while maintaining a Buy rating.

Following Dell’s Sept. 1 earnings report release, JPMorgan raised its target from $565 to $635 and maintained an Overweight rating, while UBS, TD Cowen, and Morgan Stanley lifted their targets to $500, $500, and $499, respectively.

Overall, Dell carries a Moderate Buy rating. Based on 34 analysts covering the stock, its average 12-month price target suggests over 11% additional upside from current prices.

Institutional Buying Supports Analysts’ Bull ThesisIn addition to bullish price targets and strong ratings from Wall Street, institutional owners are backing up the investment case. Over the past year, 1,031 institutional buyers have injected $92.48 billion into Dell, easily trumping the 602 sellers’ outflows, which totaled just over $3 billion.

Meanwhile, short interest has recently tapered off. Currently, just 3.7% of the float—or $6.89 billion worth of shares—is sold short, marking a notable improvement over the multi-year high of nearly $8 billion shorted on May 29.

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Dell's 16% single-day surge gave one market strategist the proof he needed that AI spending is grounded in fundamentals, not hype. But a closer look at the margins hiding beneath that record backlog tells a more complicated story about who…

Wednesday was a strange session to watch. Yields drifted higher, oil pressed against traders’ risk budgets, and mega-cap technology mostly held its ground while one name in particular did something outsized. Dell Technologies (NYSE:DELL | DELL Price Prediction) closed up 15.81% at $492.20 after reporting fiscal second-quarter results the prior evening, and the move gave Nur al-Din al-Hamawi, chief market strategist at Equity Group, the specific evidence he wanted when he told Bloomberg that tech is “still leading with fundamentals. It’s not just leading on hopes.”

His argument, if you take him at his word, is that a year ago the group looked expensive on multiples and today those multiples are being met by delivered earnings rather than promises. Dell is his exhibit. The question worth asking is whether Dell actually proves the case, or whether it proves something narrower and more complicated about who within the AI supply chain gets to keep the money customers spend. The answer matters because the stock is now up 294.64% year to date, and the margin of error is smaller than it appears.

What Dell Actually Delivered Revenue came in at $46.971 billion, up 57.75% year over year, and adjusted EPS was $7.04 against a $4.8994 consensus. AI-optimized server revenue was $16.401 billion, orders during the quarter reached a record $60.9 billion, and the ending backlog stood at $95 billion. Dell raised its fiscal 2027 revenue outlook by $25 billion to $192 billion, with non-GAAP EPS guided to $25.50, according to Dell Technologies. You can read the 8-K exhibit directly.

Jeff Clarke framed the quarter in terms of a broader spending shift, saying, “IT environments have shifted from cost centers to value drivers that fuel growth and competitive advantage.” Traditional servers and networking rose 122%, and storage rose 26%, which is the part investors underweighted.

Why the Backlog Is the Real Number A $95 billion backlog is meaningful because it translates skepticism about the AI capex cycle into a delivery schedule. It is also a lagging indicator of what Dell already sold and priced. It tells you customers want AI servers, and it tells you comparatively little about how much of each dollar Dell keeps (the suppliers of power, cooling, and networking gear behind those racks are a separate trade, and we profiled seven of them in a free report here).

Management said on the call that “demand outstrips supply,” which is the kind of statement that reads well but also reveals that pricing power is being set by upstream component availability rather than by Dell’s own scarcity.

Margin Pressure Underneath the Backlog This is where al-Hamawi’s thesis needs a qualifier. Gross margin was 21.1%, and free cash flow fell to $986 million, down 47.22% year over year, despite a record revenue quarter. NVIDIA (NASDAQ:NVDA), meanwhile, reported a non-GAAP gross margin of 75.0% and warned that memory pricing has “exceeded our prior expectations and are headed even higher into next year.”

Memory inflation is the specific mechanism that squeezes an assembler in the same environment that generates its biggest orders. Revenue growth and gross margin can move in opposite directions in this business, and this quarter they did.

Al-Hamawi’s second point, that “Nvidia was expensive a year ago… but now the situation is totally different,” is fair as far as it goes. Earnings arriving can rehabilitate a multiple. What that reasoning does not do is protect a buyer when the multiple expands to meet the earnings anyway, which is roughly what Dell’s chart has done.

Is Dell Stock a Buy? Compared with peers, each name buys a different piece of the same trade. HPE (NYSE:HPE) trades near $51.83 with $1.11 non-GAAP EPS and a networking-led story built on Juniper and Oracle. Super Micro (NASDAQ:SMCI) at $37 offers the same AI server exposure with thinner margins, working-capital strain, and an unresolved board review. NVIDIA, at a 75% gross margin, owns the component layer that reflects the economics Dell has to pay for.

The setup argues for patience. The demand is real, the guidance raise is credible, and the operating leverage in traditional servers is underappreciated. The stock has already priced most of that. Free cash flow deterioration alongside a doubling of AI revenue is the tell, and until memory costs stabilize, the assembler’s share of the pie stays under pressure even as the pie keeps growing.

Contact [email protected] for any questions or corrections.

Dell Technologies Inc. (NYSE:DELL – Get Free Report)’s share price traded up 15.8% during mid-day trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $497.99 and last traded at $492.00. Approximately 36,368,551 shares were traded during trading, an increase of 339% from the average session volume of 8,283,419 shares. The stock had previously closed at $425.00.

The technology company reported $7.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. Dell Technologies had a net margin of 7.53% and a negative return on equity of 529.54%. The business had revenue of $46.97 billion for the quarter, compared to analyst estimates of $44.89 billion. During the same quarter in the prior year, the business posted $1.70 EPS. The company’s revenue for the quarter was up 57.7% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS.

Dell Technologies Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies’s dividend payout ratio (DPR) is currently 14.63%.

Key Stories Impacting Dell Technologies Here are the key news stories impacting Dell Technologies this week: Positive Sentiment: Fiscal Q2 revenue reached approximately $47 billion, up 58% year over year and above expectations, while adjusted EPS of $7.04 significantly exceeded the roughly $4.91 consensus estimate. Dell again lifts forecasts as AI demand powers record results Positive Sentiment: AI-optimized server revenue doubled to $16.4 billion, and quarterly AI-server orders reached a record $60.9 billion. Dell’s AI backlog now stands at about $95 billion, offering investors visibility into future growth and order conversion. Dell Surges on Soaring AI Backlog Positive Sentiment: Management raised fiscal 2027 revenue guidance to $192 billion from $167 billion and lifted adjusted EPS guidance to $25.50 from $17.90. Third-quarter guidance also exceeds Wall Street estimates, marking another consecutive outlook increase. Dell analysts see more room to run Positive Sentiment: Several analysts raised price targets, including JPMorgan’s increase to $635 with an overweight rating. The results also lifted sentiment across AI hardware peers and helped broader equity indexes recover. Neutral Sentiment: Dell declared a quarterly dividend of $0.63 per share and returned approximately $4.3 billion to shareholders through dividends and repurchases, supporting shareholder returns but remaining a small component of the investment case. Negative Sentiment: Investors remain concerned about elevated valuation, execution and margin sustainability. Component shortages are limiting shipments, while higher memory and other input costs could reduce profitability even as sales accelerate. Dell earnings call and supply constraints Negative Sentiment: Some analysts maintained Hold or reduced ratings after the rally, arguing that much of the AI opportunity is already reflected in the stock. Reported insider selling and elevated bond yields add further caution for investors. Wall Street Analysts Forecast Growth DELL has been the topic of several research analyst reports. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “outperform” rating in a research note on Wednesday. Melius Research raised their price target on shares of Dell Technologies from $650.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp reaffirmed a “sector weight” rating on shares of Dell Technologies in a report on Wednesday. Susquehanna set a $289.00 price objective on shares of Dell Technologies and gave the company a “neutral” rating in a research report on Friday, May 29th. Finally, Wolfe Research lowered shares of Dell Technologies from a “peer perform” rating to a “peer perform” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $550.70.

Check Out Our Latest Research Report on DELL

Insider Buying and Selling at Dell Technologies In other news, Director Spv-2 L.P. Sl sold 131,040 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $398.13, for a total value of $52,170,955.20. Following the completion of the transaction, the director owned 12,619 shares of the company’s stock, valued at approximately $5,024,002.47. This represents a 91.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Silver Lake Partners Iv, L.P. sold 138,885 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $398.13, for a total transaction of $55,294,285.05. Following the completion of the sale, the director directly owned 8,585 shares of the company’s stock, valued at $3,417,946.05. The trade was a 94.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,738,596 shares of company stock valued at $704,346,083. Corporate insiders own 41.50% of the company’s stock.

Institutional Trading of Dell Technologies Institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC lifted its holdings in shares of Dell Technologies by 10.5% during the 4th quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company’s stock valued at $10,157,000 after buying an additional 7,642 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $23,332,000. Plato Investment Management Ltd acquired a new position in Dell Technologies in the second quarter worth approximately $5,913,000. Gabelli Funds LLC raised its position in Dell Technologies by 49.0% during the first quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company’s stock valued at $7,565,000 after acquiring an additional 15,150 shares in the last quarter. Finally, MUFG Securities EMEA plc raised its position in Dell Technologies by 112.9% during the fourth quarter. MUFG Securities EMEA plc now owns 12,356 shares of the technology company’s stock valued at $1,555,000 after acquiring an additional 6,553 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance The stock has a market capitalization of $318.87 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 0.88 and a beta of 1.34. The stock’s 50 day simple moving average is $434.61 and its 200-day simple moving average is $304.63.

Dell Technologies Company Profile (Get Free Report)

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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Dell Technologies NYSE:DELL delivered one of its strongest quarters on record, but one financial line moved sharply in the opposite direction.

Revenue jumped 58% to $47 billion and net income rose 255% to $4.13 billion. AI server revenue doubled to $16.4 billion, orders reached $60.9 billion and backlog climbed to $95 billion. Dell also raised full-year revenue guidance by $25 billion to $192 billion.

Yet conventional free cash flow fell 47% to $986 million from $1.87 billion a year earlier.

Operating cash flow declined 13% to $2.23 billion, creating a striking gap between record earnings and cash generation.

Nearly every headline metric moved higher.

Infrastructure Solutions Group revenue rose 89% to $31.8 billion, while segment operating income more than tripled. Adjusted earnings reached $7.04 a share, up 203% from a year earlier.

Citi’s Asiya Merchant remained bullish after the results, lifting her Dell price target to $600 from $515 while keeping a Buy rating.

Her response shows that Wall Street is still focused on the strength of the AI growth cycle, even as the quarter’s weaker conventional cash conversion gives investors another metric to watch.

The cash flow statement was less spectacular.

Dell generated $2.23 billion of operating cash flow during the quarter. After $1.24 billion of capital expenditure and capitalised software development costs, free cash flow came to $986 million, less than one quarter of reported net income.

That does not mean Dell has a cash problem, but shows that extraordinary AI growth is requiring large amounts of cash elsewhere in the business before those sales fully convert into collections.

The balance sheet shows where much of that pressure is coming from.

Inventory reached $21.29 billion at the end of July, more than double the $10.44 billion reported in January. Accounts receivable climbed to $22.92 billion from $17.59 billion, while short and long term financing receivables increased to about $20.43 billion from $14.28 billion.

Dell has linked that financing growth directly to AI expansion.

On the earnings call, finance chief David Kennedy said the increase in financing receivables was driven by growth in the overall business and was “anchored” in AI.

That helps explain Dell’s adjusted free cash flow figure of $8.15 billion.

To reach that measure, Dell added back $6.67 billion tied to financing receivables and another $496 million related to equipment under operating leases.

The distinction matters, as Dell increasingly helps customers finance hardware purchases, which can support sales and strengthen relationships, but it also means cash can arrive later than the associated revenue and profit.

Wall Street largely focused on the strength of Dell’s AI franchise after the report.

Morgan Stanley raised its target to $499 from $434 while keeping an Equal Weight rating.

The firm said “blowout” quarters could continue while supply remains tight and execution stays strong, though it questioned how durable Dell’s Infrastructure Solutions Group pricing and margin capture will prove.

That caution fits the cash flow debate for now.

If record orders convert into shipments and financing receivables are collected normally, today’s working capital build could eventually produce much stronger cash generation.

Dell also ended the quarter with $11.57 billion of cash and equivalents, reinforcing that this is not a liquidity warning.

But investors now have another metric to watch alongside AI bookings and backlog.

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Moneyball Superscore

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Today's Change

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Dell Technologies (DELL +15.81%), a PCs, servers, storage, and enterprise AI infrastructure provider, closed at $492.00, up 15.76%. The company's stronger-than-expected quarter and raised outlook, backed by record AI server orders, drove the move, and investors are now watching AI server demand and margin trends. Trading volume reached 35.0M shares, coming in about 353% above its three-month average of 7.7M shares. Dell Technologies IPO'd in 2016 and has grown 3,976% since going public.

How the markets moved todayS&P 500 (^GSPC +0.46%) rose 0.47% to 7,667, while the Nasdaq Composite (^IXIC +0.45%) gained 0.45% to 26,218. In computer hardware and IT infrastructure, sector rivals HP (HPQ +2.14%) closed at $32.00, up 2.16%, and Hewlett Packard Enterprise (HPE +1.89%) finished at $51.85, up 1.94%, as investors tracked Dell Technologies' AI order momentum and the broader PC margin backdrop.

What this means for investorsDell Technologies' Q2 earnings were a perfect encapsulation of how far the company has come since its "dude, you're getting a Dell" days. Revenue and adjusted EPS spiked 58% and 203% during the quarter, rocketing past Wall Street's expectations. The core driver of Dell's success in Q2 came from its AI-Optimized Server revenue of $16.4 billion, which doubled from last year.

As promising as this revenue growth alone is in its AI unit, its record $60.9 billion of orders and exiting backlog of $95 billion highlight that the best is yet to come and that Q2's excellent results may just be the tip of the iceberg. Powered by the visibility of this backlog, management raised its full-year guidance to 69% sales growth and a 148% rise in adjusted EPS, to $25.50. This leaves DELL stock trading at 19 times forward earnings, which isn't particularly outrageous given the company's AI potential and its steady servers, networking, and PC businesses.

Josh Kohn-Lindquist has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends HP and Hewlett Packard Enterprise. The Motley Fool has a disclosure policy.

The Dow Jones Industrial Average (^DJI +0.56%) gained 0.56% to 53,062, the S&P 500 (^GSPC +0.46%) rose 0.47% to 7,667, and the Nasdaq Composite (^IXIC +0.45%) added 0.45% to 26,218, as the major indexes snapped multi-day losing streaks despite persistent geopolitical tensions.

Today's biggest movesDell Technologies (DELL +15.81%) shares surged after the hardware giant lifted its annual revenue forecast, while Nvidia (NVDA +3.21%) helped lead the technology recovery.

Investors also monitored Snowflake (SNOW -4.37%) and Broadcom (AVGO -0.66%) as the technology firms prepared to report quarterly results after hours, following a significant year-to-date rally.

What this means for investorsPerhaps the biggest news item today in the stock market came from Dell Technologies, which rose 16% after reporting blowout earnings. Sales and adjusted EPS rose 58% and 203% in the quarter, while its AI-Optimized Server business doubled its revenue. Most importantly, the AI unit recorded $61 billion in orders, bringing its backlog to over $95 billion and underscoring the company's growing importance in the AI space.

On the other hand, cybersecurity juggernaut Palo Alto Networks (PANW -9.28%) dropped 9% today after reporting fine (but not perfect) earnings. This decline is likely nothing for interested or current shareholders to worry about, as PANW stock was trading close to perfection after more than doubling over the last six months.

Elsewhere, a federal judge ruled that Alphabet's (GOOG +0.53%) (GOOGL +0.63%) Google does not need to break up its dominant adtech business, as the Department of Justice had suggested. The judge did, however, stop certain practices where Google could decide how publishers use its ad technology.

Lastly, Snowflake and Broadcom are currently reporting earnings after hours. As of 5 p.m. ET, Snowflake is up 22% after soaring past estimates, while Broadcom has slid 4% after guidance disappointed.

Josh Kohn-Lindquist has positions in Alphabet, Nvidia, and Snowflake. The Motley Fool has positions in and recommends Alphabet, Broadcom, Nvidia, and Snowflake. The Motley Fool recommends Palo Alto Networks. The Motley Fool has a disclosure policy.

Dell raised its outlook for a fifth straight quarter as demand for AI and traditional servers continues to surge. Portia Capital Management President Michelle Connell explains why she sees more upside for Dell, where the next winners could emerge across the AI hardware stack, and how supply constraints are reshaping the semiconductor race.

Shares of Dell Technologies Inc (NASDAQ:DELL) climbed more than 10% Wednesday after the company posted broad-based earnings strength and raised its full-year guidance well above expectations, driven by surging demand for AI servers.

Fiscal second-quarter revenue was $47 billion, up 58% year over year, beating the $46 billion consensus estimate. The company guided full-year revenue to $192 billion, up from a prior outlook of $167 billion.

Bank of America reiterated its Buy rating and raised its price objective to $600 from $505, citing Dell's position as a beneficiary of agentic AI adoption across NeoClouds, sovereign, enterprise and edge computing.

BofA said demand continues to outpace supply by roughly 30% in fiscal 2027, with an even larger gap expected in fiscal 2028, creating a favorable pricing environment.

Dell's AI server business was a standout, with revenue, orders and backlog all coming in well above BofA's estimates. AI server revenue reached $16.4 billion, orders totaled $60.9 billion and backlog nearly doubled quarter over quarter to $95 billion. Dell raised its fiscal 2027 AI server revenue guidance by $14 billion to $74 billion.

Infrastructure Solutions Group operating margin grew 620 basis points year over year to 15.0%. In the Client Solutions Group, revenue grew 20% year over year, with commercial revenue up 22% for an eighth consecutive quarter of growth.

BofA raised its fiscal 2027 revenue and EPS estimates to $197 billion and $26.35, respectively, from $178 billion and $19.56.

UBS also raised its price target, to $500 from $455, but maintained a Neutral rating, citing limited visibility into whether growth can be sustained into fiscal 2028 and 2029. The firm noted shares were trading at 17.5 times the midpoint of Dell's fiscal 2027 EPS guidance of $25.50, reflecting investor concern that AI-driven compute and storage growth could slow in coming years.

UBS raised its fiscal 2027 and 2028 EPS estimates to $26 and $29.86, from $19.41 and $21.90, applying a lower multiple of 16 times, down from 20 times, citing durability concerns tied to steep industrywide price increases.

Traditional server and networking revenue reached $10.53 billion, up 122% year over year, which UBS attributed to enterprise data center modernization and growing demand for compute capacity to support agentic AI workloads.

Dell Technologies Inc (NYSE:DELL) experienced a significant Power Inflow alert, a key bullish indicator that is closely tracked by traders who value order flow analytics, specifically institutional and retail order flow data.

At 10:26 AM EST on September 2, DELL triggered a Power Inflow signal at a price of $441.06. DELL had seen a decrease in the stock price leading up to the Power Inflow alert, dropping by as much as 8% in the opening hour of trading. Following the alert, both the retail and institutional trading interest in DELL shifted towards the buy side, leading to an immediate and steady rise in the stock price, eventually reaching a post alert high of $484.85 as of 2:30PM EST. This Power Inflow signal is aimed to be a bullish indication of institutional and retail interest, spotlighting where traders may be entering the market for the stock.

Understanding the Power Inflow Signal

The Power Inflow alert is a proprietary signal developed and provided by TradePulse. The alert is issued within the first two hours of the trading day, it highlights when there is a significant shift in order flow, specifically indicating that there’s been a strong trend towards buying activity. This suggests a high probability of bullish price movement for the rest of the day, making it a potentially strategic and opportune entry point for active traders.

Order flow analytics analyze real-time buying and selling trends by examining the volume, timing, and order size across both retail and institutional traders. These insights offer a more detailed understanding of price behavior and market sentiment for a stock, allowing the trader or institution to make the most informed decision possible.

DELL Intraday Performance

At the time of the Power Inflow, DELL was priced at $441.06. Following the signal:
• Intraday High As Of 2:30PM EST: $484.85 (+9.93%)

Today’s Power Inflow alert on DELL is a great example of how real-time order flow analytics can reveal bullish momentum, especially during a period where the stock price is in decline. A trader who bought shares of DELL shortly after the Power Inflow signal could have realized a substantial intraday gain, demonstrating the effectiveness of TradePulse’s Power Inflow signal and the advantage of monitoring order flow data. These strong short-term gains that followed the Power Inflow alert on DELL highlight the value of order flow analytics in identifying bullish intraday activity along with a possible stock price reversal, offering traders a potentially advantageous buying opportunity.

This article is for informational purposes only and does not constitute financial advice, investment recommendations, or a solicitation to buy or sell securities. The analysis is based on stock order flow data, but accuracy is not guaranteed. Investing involves risk, including possible loss of principal, and past performance is not indicative of future results. Please consult a licensed financial advisor before making any investment decisions.

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.

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