Dell Technologies (DELL)
NYSEInformation TechnologyComputer HardwareSnapshot 2026-11-04
$371.41-9.06%
Close 2026-11-04 · 1-day change
NYSEInformation TechnologyComputer HardwareSnapshot 2026-11-04
QuarterlyIQ Insights · DELL
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -20.5% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 43.1% |
Growth built into the price is above our model estimate.
The price assumes 63.6 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 5 industry peers
DELL — General Counsel transition
Dated 2026-10-21
General Counsel — Richard Rothberg: The Executive Vice President and General Counsel is retiring with a named internal successor, representing an orderly succession rather than a sudden loss of leadership.
Why it matters: Q2 revenue and earnings set records, but cash from operations fell 13% year over year. Further decline would widen that gap.
Worry ifQuarterly cash from operations is below $2.2 billion, the Q2 FY27 level.
Less concerning ifQuarterly cash from operations is $2.2 billion or more.
Why it matters: Dell raised its AI server goal from $60 billion to $74 billion. More growth would support its main growth priority.
Supportive ifFY27 AI server revenue reaches or exceeds $74 billion.
Worry ifFY27 AI-optimized server revenue falls below $74 billion, or Dell cuts its goal.
Why it matters: Dell guided for $49 billion in Q3 revenue after raising its full-year goal. A miss would weaken the growth case.
Worry ifQ3 FY27 revenue is below $49 billion, the midpoint of Dell's guide.
Less concerning ifQ3 FY27 revenue reaches or exceeds $49 billion.
Why it matters: Dell returned a record $4.3 billion in Q2 and named capital return as a priority. A lower pace would mark a change.
Watch forDell returns at least $4.3 billion through buybacks and dividends in a quarter.
Also watch forDell returns less than $4.3 billion in a quarter and does not raise its next dividend.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$352 on $10,000 · ±3.5% | How much price usually moves either way. |
| Bad day | $694 loss on $10,000 · 6.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,688 loss on $10,000 · 36.9% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Dell's next earnings report is set for November 24. It will show whether revenue met the $49 billion guide.
Watch forOn November 24, Dell reports Q3 revenue of at least $49 billion.
Also watch forOn November 24, Dell reports Q3 revenue below $49 billion.
Why it matters: ISG's margin rose to 15% as server sales surged. A drop would show weaker profit per dollar of sales.
Worry ifISG operating margin falls below 15% in the next reported quarter.
Less concerning ifISG operating margin stays at or above 15%.