Dell Technologies (DELL)
NYSEInformation TechnologyComputer HardwareSnapshot 2026-09-04
$524.14+1.50%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologyComputer HardwareSnapshot 2026-09-04
Broken: Primary pillar broken — Increase non-GAAP EPS to about $17.31 in FY27: FY27 EPS guidance $17.31 vs target $17.31.
Dell is growing revenue fast, driven by AI-optimized servers. Revenue rose from $23.4B in 2025-Q1 to $43.8B in 2026-Q2. EPS jumped from $1.37 to $5.24 in the same period. The company is on track to meet its $167B revenue and $17.31 EPS guidance for FY27.
Dell faces risks from rising debt and volatile management. Increased debt may pressure growth. If AI demand slows, revenue growth could stall.
The market prices in about 25% revenue growth and values Dell near our fair value of $416. We see upside as Dell’s growth and EPS targets remain on track, above Street median estimates.
Breaks if: AI server demand declines significantly next year
Dell aims to achieve significant revenue growth, with a focus on AI-optimized servers and infrastructure solutions.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on technology growth, particularly in AI. The current thesis state is intact, as recent financial results have been strong and management is prioritizing revenue growth.
The market appears to have priced in a neutral valuation, with expectations slightly below peers. DELL's valuation is considered cheap compared to its industry, suggesting there may be room for improvement if performance continues.
Fundamentals are likely to remain strong, given the management's focus on revenue growth and profitability. Recent results show significant increases in earnings per share and revenue, indicating a positive trajectory.
The thesis hinges on management's ability to maintain strong growth in AI-optimized servers and the impact of external factors like Federal Reserve rate cuts. Additionally, performance of sector leaders could influence DELL's momentum.
The most important moves since the prior daily snapshot.
Valuation rose by 18.1 points (from 37.7 to 55.8).
Yes, our read has strengthened. The latest earnings beat supports this view. Dell's revenue growth is driven by strong demand for AI-optimized servers. Goldman Sachs raised its estimate for Dell to $570 from $510. This reflects expectations for higher future earnings potential.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Debt levels rise sharply or capital allocation harms growth
Breaks if: EPS falls below $12.9 in FY27
Breaks if: revenue falls below $140B in FY27
Dell aims to achieve significant revenue growth, with a focus on AI-optimized servers and infrastructure solutions.
Overall, DELL's position looks stable for the next 1 to 3 years, driven by strong management execution and favorable market conditions. Not investment advice.