Dell Technologies Inc. (DELL) AI Stock Analysis

Dell Technologies Inc. is a global provider of integrated hardware, software, and services. The company operates through two primary segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). ISG offers traditional and next-generation storage solutions, rack, blade, tower, and hyperscale servers, alongside networking products, attached software, peripherals, and deployment services. CSG delivers desktops, workstations, notebooks, displays, docking stations, third-party software, and warranty offerings. Beyond hardware, Dell Technologies provides cybersecurity solutions, cloud software, and infrastructure-as-a-service to help clients deploy, manage, and secure critical applications across cloud IT environments.

Dell's annual revenue rose from $101.20B in FY2022 to $113.54B in FY2026, marking an 18.8% rebound in FY2026 following a 13.6% contraction to $88.42B in FY2024. Over the five years ending FY2026, Dell generated a revenue CAGR of 5.5%. Operating margin expanded from 4.6% in FY2022 to 7.4% in FY2026, while net income climbed to $5.94B, producing diluted EPS of $10.07. Performance accelerated over the trailing twelve months, reaching $151.20B in revenue and an operating margin of 12.0%. In the latest quarter ended July 31, 2026, quarterly revenue grew 57.7% year-over-year, while quarterly earnings surged 272.9%.

As of July 31, 2026, Dell held $11.57B in cash and short-term investments against $34.47B in total debt, resulting in net debt of $22.90B. The company closed the quarter with negative shareholders' equity of -$1.43B and a current ratio of 0.96. In FY2026, operating cash flow reached $11.19B and free cash flow stood at $8.55B. Capital expenditures were $2.63B, while capital returns included $6.01B in share buybacks and $1.46B in dividends paid, contributing to a 17.3% decline in share count over 5 years.

DELL trades at a trailing P/E of 26.3x and a forward P/E of 21.3x. By comparison, the median of its S&P 500 Technology peers stands at 31.5x trailing and 20.3x forward earnings. Its price-to-sales multiple is 1.9x versus the peer median of 6.3x, and EV/EBITDA is 20.7x compared to the peer median of 19.5x. Over the past year, DELL delivered a return of 202.3%, outpacing the S&P 500 ETF (SPY) return of 16.8%. Over 5 years, the stock returned 811.2% versus 83.0% for SPY.

Dell pays a quarterly dividend totaling an annualized $2.52 per share, offering a dividend yield of 0.56%. The dividend is backed by a modest payout ratio of 13.7% and has been paid for 5 consecutive years. The company's last ex-dividend date occurred on October 20, 2026.

Wall Street sentiment shows 14 Strong Buy, 5 Buy, and 10 Hold ratings, with zero Sell or Strong Sell recommendations. The mean price target of $593.00 represents 31.3% upside above the last close of $451.71. Dell beat EPS estimates in all of the last 4 quarters. For the fiscal year ending January 31, 2027, analysts project revenue of $193.44B and EPS of $25.90, reflecting 151.4% earnings growth. The next earnings date is November 24, 2026.

This page is an AI-written research summary of Dell Technologies Inc. (DELL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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