Lumida
/DELL
⌘K
Dell Technologies Inc

Dell Technologies Inc

DELL
$567.29USD↑+11.98%+60.67 today

MARKET CAP

360.7B

P/E (TTM)

65.3x

FWD P/E

—

DAY RANGE

$518 – $568

52W RANGE

$110
$568

AI Summary

Stalk
TrimMedium

Despite DELL’s long-term uptrend, the active Blow-Off Top marks a terminal buying climax and extreme overbought conditions. Medium-term bias is bearish, and short-term price remains extended above rising EMAs with only a shallow pullback. Optimal short-side engagement is deferred—look to trim on rallies into the recent high resistance zone around 560–570. Confirmation via rejection at resistance will improve risk/reward for the expected multi-session pullback.

  • ↑AI server revenue surged 757% YoY to $16.1B; backlog stands at $51.3B
  • ↑Q1 FY27 revenue of $43.84B (+88% YoY) and adj EPS of $4.86 topped forecasts
  • ↓Negative earnings yield and high P/E raise overvaluation risks
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Dell Technologies (NYSE: DELL) is a leading player in the technology sector, focusing on computer hardware, software, and digital transformation services. The company's robust portfolio includes personal computers, servers, storage devices, and IT services, positioning it competitively within the ongoing surge in AI and cloud infrastructure. With a strong emphasis on AI server growth and significant backlog, Dell is strategically placed to capitalize on the increasing demand for advanced technology solutions in various industries.

Bull says

  • ↑AI server revenue surged 757% YoY to $16.1B; backlog stands at $51.3B
  • ↑Q1 FY27 revenue of $43.84B (+88% YoY) and adj EPS of $4.86 topped forecasts
  • ↑Q2 estimates: EPS $4.95 and revenue $45.34B signal sustained momentum
  • ↑Management raised FY27 revenue guidance, emphasizing profitable AI services
  • ↑Analysts see ~15% upside to targets with a Moderate Buy consensus
  • ↑Macro tailwinds from AI and digital transformation underpin growth momentum

Bear says

  • ↓Negative earnings yield and high P/E raise overvaluation risks
  • ↓Lower-margin AI server mix could compress overall profit margins
  • ↓High volatility and low liquidity may hinder smooth trading execution
  • ↓Risk remains in converting the $51.3B AI backlog into profitable revenue
  • ↓Broader tech downturn or sentiment shifts could cap upside
  • ↓Low book-to-price multiple underscores valuation concerns

Investment themes with DELL

High Dividend Yield↓ -0.51%

Companies paying above-average dividends

AVGO · JPM · XOM
High Beta↓ -0.84%

Stocks with high volatility relative to market

AMD · DELL · MPWR

Earnings Call · Q2 2026 · Mgmt. Guidance

Updated 09-02-2026neutral

Transcript signals

Bull points

  • we will be driving that growth that we've outlined with the profitability that we've outlined based on numerous drivers there, of which, you know, mix and efficiencies are leading the way.
  • the AI server component was nearly half of the ISG revenue, and we expect a recovery in North America servers, which are profitable, leading to improved margin performance in our storage business.
  • we did add $6.5 billion of revenue quarter over quarter and nearly $500 million of operating income quarter over quarter with that significant shipment that we had in AI.

Bear points

  • I expect that to flatten over to the second half of the year in both Q3 and Q4.
  • The challenge we have is we didn't grow in the storage segment, which was unacceptable, and we see that we're working to remedy that.
  • Storage revenue was down 3% to $3.9 billion as demand was softer than anticipated.
Read full transcript analysis ›