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Dell Technologies Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $343.1B | |
|---|---|---|
| Revenue (ttm) | 151.2B | |
| Net income (ttm) | 11.4B | |
| EPS (ttm) | $17.1 | |
| Shares out | 635.8M | |
| P/E (trailing) | 28.9x | |
| P/E (forward) | 21.3x | |
| Dividend | $2.52 (0.51%) | |
| Volume | 3,554,507 | |
| Beta | 1.44 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2022-01-28 | 2023-02-03 | 2024-02-02 | 2025-01-31 | 2026-01-30 | Trend |
| Revenue | $101.20B | $102.30B | $88.43B | $95.57B | $113.54B | +2.9% |
| Gross profit | $21.89B | $22.69B | $21.07B | $21.25B | $22.71B | +0.9% |
| Operating income | $4.66B | $5.77B | $5.41B | $6.24B | $8.15B | +15.0% |
| Net income | $5.56B | $2.44B | $3.39B | $4.59B | $5.94B | +1.6% |
| EPS (diluted) | $8.46 | $3.24 | $4.60 | $6.38 | $8.68 | +0.6% |
| EBITDA | $12.02B | $8.93B | $8.89B | $9.59B | $11.85B | -0.3% |
| R&D | $2.58B | $2.78B | $2.80B | $3.06B | $3.14B | +5.1% |
| SG&A | $14.66B | $14.14B | $12.86B | $11.95B | $11.42B | -6.1% |
Recent company headlines from major financial publishers.
The modal base path incorporates rapid scaling in ISG toward guided $192B revenue in FY2027 and $224.00B in FY2028, with AI servers contributing $74B in FY2027. Reinvestment requirements (25% net reinvestment rate in FY2027) absorb working capital during peak server fulfillment. Long-term terminal valuation normalizes to a 14.0x terminal P/E multiple, in line with cyclical tech hardware peers, reflecting mature growth and CSG exposure ($50.98B revenue in FY2026).
In the upside scenario, enterprise AI data center adoption accelerates beyond expectations, with tier-2 CSP and sovereign cloud demand expanding ISG revenue past $100B. Supply bottlenecks ease faster than anticipated, allowing Dell to improve delivery velocity, expand gross margins, and realize corporate operating margins exceeding 8.0%. A synchronized enterprise PC upgrade cycle boosts CSG profitability, pushing diluted non-GAAP EPS above $28.00 and driving robust free cash flow conversion that supports aggressive share repurchases.
| Ke ↓ / g → | 1.0% | 1.5% | 2.0% | 2.5% | 3.0% |
|---|---|---|---|---|---|
| 9.1% | $292 | $300 | $308 | $318 | $330 |
| 9.6% | $282 | $288 | $296 | $304 | $314 |
| 10.1% | $272 | $278 | $285 | $292 | $300 |
| 10.6% | $264 | $269 | $274 | $281 | $288 |
| 11.1% | $256 | $260 | $265 | $271 | $277 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
