DELL

Dell TechnologiesNYSE · Technology Hardware, Storage & Peripherals · Information Technology

Previous close

424.30

Change

−51.21 / −10.77%

FinDog View

Bullish

52-Week Range ?

110.22 – 595.51

P/E (TTM) ?

26.5

Forward P/E ?

19.1

Based on consensus earnings for the next 12 months

Market Cap

$265B

−21.13%

S&P 500 −0.91% over same period

Volume / Avg Volume

10.5M / 5.4M

1.95× average

Latest earnings analysisFY2027 Q2Reported 2026-09-01

Dell FY27 Q2: revenue up 58.0% to $47.0 billion, EPS $6.34

Dell's fiscal 2027 second quarter was a blowout: revenue of $46.97 billion, net income of $4.13 billion and GAAP EPS of $6.34, with full-year revenue guidance raised to $192.0 billion. The catch is that the next-quarter revenue guide of $49.0 billion sits just below the $50.15 billion consensus estimate, and free cash flow fell 47.0%. Read the growth as real, but watch the working-capital build that funded it.

Read the full analysis →

Revenue$46.97BYoY +57.70%

EPS (non-GAAP)$7.04

Next-quarter revenue guidance$49.00BBelow estimatesest. $50.15B

Next-day move+15.81%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 21.81M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2027 Q2 Quarter ended 2026-07	2026-09-01	$47.0B	7.04 / —	+15.81%	Read analysis →
FY2027 Q1 Quarter ended 2026-05	2026-05-28	$43.8B	4.86 / —	+32.76%	Read analysis →
FY2026 Q4 Quarter ended 2026-01	2026-02-26	$114B	3.89 / —	+21.93%	Pending
FY2026 Q3 Quarter ended 2025-10	2025-11-25	$27.0B	2.59 / —	+5.83%	Pending
FY2026 Q2 Quarter ended 2025-08	2025-08-28	$29.8B	2.32 / —	−8.88%	Pending
FY2026 Q1 Quarter ended 2025-05	2025-05-29	$23.4B	1.55 / —	−2.08%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2026-11-23

in 22 days · time TBD

Consensus EPS

$6.68

Last quarter EPS $7.04

Avg. next-day move over the last 6 reports

±14.5%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 73 of its 5-year rangeExpensive

5-year range 15.3 – 35.2 · Median 21.8

Last 4 quarters: $8.5B in buybacks + $1.6B in dividends, 3.80% of market cap combined

P/E (TTM)

26.5

P/B

33.7

P/S

2.0

Dividend Yield

1.99%

Earnings Reaction

Over the last 6 reports, the stock moved ±14.5% on average on the first trading day after, rising 4 times

Most recent +15.81%

Guidance Credibility

Of the last 4 next-quarter revenue guides, 4 were met; actual results averaged 8.2% above guidance

Volatility & Correlation

1-year beta 2.51 · Correlation with S&P 500 0.42High beta

Annualized volatility 77% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 4 · $55.1MNet selling $55.1M

10-22Radakovich Lynn VojvodichDirectorSell$0.93M2,022 shares · Avg price 460.00
10-09Silver Lake Technology Investors IV, L.P.DirectorSell$0.58M996 shares · 17 trades · Avg price 582.30
10-09Silver Lake Partners IV, L.P.DirectorSell$29.4M50,454 shares · 18 trades · Avg price 582.45
10-09SL SPV-2, L.P.DirectorSell$24.2M41,535 shares · 15 trades · Avg price 582.92

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2027 Q2	46.97	+57.7%	20.9%	5.39	4.13	0.99	6.34
FY2027 Q1	43.84	+87.5%	17.8%	3.66	3.44	3.12	5.24
FY2026 Q4	33.38	+39.5%	20.2%	3.09	2.26	3.95	3.33
FY2026 Q3	27.01	+10.8%	20.7%	2.12	1.55	0.50	2.28
FY2026 Q2	29.78	+19.0%	18.3%	1.77	1.16	1.87	1.70
FY2026 Q1	23.38	+5.1%	21.1%	1.17	0.97	2.23	1.37
FY2025 Q4	23.93	+7.2%	—	2.16	1.53	-0.15	2.15
FY2025 Q3	24.37	+9.5%	22.0%	1.72	1.18	0.91	1.64
FY2025 Q2	25.03	+9.1%	21.4%	1.39	0.89	0.66	1.23
FY2025 Q1	22.24	+6.3%	21.8%	0.97	1.00	0.45	1.37
FY2024 Q4	22.32	−10.9%	24.1%	1.55	1.21	0.81	1.66
FY2024 Q3	22.25	−10.0%	23.4%	1.54	1.05	1.45	1.42

Peers

Largest by market cap in the sector · Latest quarterView Information Technology sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
DELL	Dell Technologies	$265B	26.5	+57.7%	20.9%	−21.13%	Bullish
NVDA	Nvidia	$4.90T	25.8	+105.9%	75.0%	−10.39%	Bullish	Compare
AAPL	Apple Inc.	$5.05T	39.3	+16.4%	50.1%	+3.49%	Bullish	Compare
MSFT	Microsoft	$3.87T	27.2	+18.8%	67.8%	+1.76%	Bullish	Compare
AVGO	Broadcom	$1.55T	40.4	+85.5%	69.1%	−7.15%	Bullish	Compare
MU	Micron Technology	$989B	11.8	+379.3%	86.8%	−16.93%	Bullish	Compare
AMD	Advanced Micro Devices	$817B	143.0	+50.1%	53.8%	−17.48%	Bullish	Compare
INTC	Intel	$339B	—	+20.9%	43.0%	−45.30%	Bullish	Compare
PLTR	Palantir Technologies	$444B	156.5	+92.8%	84.7%	−1.57%	Bullish	Compare

The View in One Line

Q2 revenue up 57.7% to $46.97B record, full-year guidance raised sharply, orders $60.9B, backlog $95B, filing bullish; but free cash flow fell 47% and inventory surged.

Updated 2026-10-30

View History

09-18Neutral → Bullish
Q2 record revenue $46.97B +57.7%, guidance raised sharply, orders $60.9B and backlog $95B, filing analysis bullish; but FCF -47% and inventory surge need cash conversion watch.

Notable Institutional Holders

Renaissance Technologies$279MReduced −10%
Citadel Advisors · Ken Griffin$188MReduced −70%
Bridgewater Associates · Ray Dalio$5.3MReduced −95%

As of 2026-06-30

ETFs holding it

XLK Technology Select Sector SPDR Fund0.79%
MTUM iShares MSCI USA Momentum Factor ETF0.62%
VYM Vanguard High Dividend Yield ETF0.51%
VTV Vanguard Value ETF0.44%
RSP Invesco S&P 500 Equal Weight ETF0.22%
SPY SPDR S&P 500 ETF Trust0.20%
VOO Vanguard S&P 500 ETF0.19%
IVV iShares Core S&P 500 ETF0.19%

Weights estimated at latest prices

Key Events

10-21Management Change
Dell General Counsel Rothberg to Retire; Garcia Succeeds
Richard Rothberg will retire effective Feb 1, 2027; Christopher Garcia succeeds him as chief legal officer, with Rothberg staying through April 30, 2027.Source ↗
09-15Capital Actions
Dell Subsidiaries Issue $5 Billion in Senior Notes
On September 15, 2026, Dell subsidiaries Dell International and EMC completed a public offering of $5 billion in senior notes in four tranches, with interest rates of 5.100% to 5.900%.Source ↗
09-10Capital Actions
Dell Issues $5 Billion of Senior Notes
Dell International and EMC agreed on September 9, 2026 to issue $5 billion of senior notes in four tranches maturing 2029 to 2037, with settlement expected September 15.Source ↗
07-06Governance
Dell amends bylaws, sets shareholder proposal ownership threshold
Dell's board adopted bylaw amendments on July 2, 2026 requiring shareholder proposals to be backed by at least $1 million in market value or 3% of voting power, held continuously for six months.Source ↗
07-01Governance
Dell Shareholders Approve Texas Reincorporation and Director Elections
At Dell's June 25, 2026 shareholder meeting, shareholders voted to approve the reincorporation from Delaware to Texas and elected directors including Michael Dell.Source ↗
06-17Capital Actions
Dell Converts Class B Shares to Class C, Issuing 3.438 Million Shares
Between June 1 and 12, Dell converted 3,438,364 Class B common shares held by Silver Lake affiliates into Class C common shares on a 1:1 basis.Source ↗
06-16Capital Actions
Dell Subsidiaries Issue $3 Billion of Senior Notes
Dell subsidiaries Dell International and EMC completed a $3 billion senior notes offering on June 16, 2026, in three tranches maturing in 2031, 2034 and 2037.Source ↗
06-12Capital Actions
Dell Issues $3 Billion in Senior Notes
Dell International and EMC agreed on June 11, 2026 to issue three tranches of senior notes totaling $1 billion, $750 million, and $1.25 billion, with settlement expected on June 16.Source ↗

Key Financial Trends

Quarterly Revenue ($B)47.0

Gross Margin20.9%

Free Cash Flow ($B)1.0