Dell Technologies (NYSE:DELL) Issues Earnings Results, Beats Expectations By $0.36 EPS

Dell Technologies (NYSE:DELL) announced its quarterly earnings results on Thursday. The technology company reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.36, FiscalAI reports. The firm had revenue of $33.38 billion during the quarter, compared to the consensus estimate of $31.60 billion. Dell Technologies had a negative return on equity of 234.84% and a net margin of 5.01%.The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.68 EPS. Dell Technologies updated its Q1 2027 guidance to 2.900-2.900 EPS and its FY 2027 guidance to 12.900-12.900 EPS.

Here are the key takeaways from Dell Technologies’ conference call:

• Dell reported a record FY26 with $113.5B revenue, $10.30 EPS, and industry-leading cash generation (over $11B), driving strong shareholder returns and share repurchases.
• AI demand is accelerating materially — Dell booked $34.1B of AI orders in Q4, shipped $25.2B in AI this year, exited with a $43B AI backlog and says its AI customer base tops 4,000.
• Management guided FY27 to another strong year: revenue of $138B–$142B (midpoint +23%) and non‑GAAP EPS of about $12.90, driven by ~100% AI revenue growth to ~$50B.
• The company warns of severe supply tightness and rising memory/NAND costs that are causing frequent pricing resets and shorter quote windows, creating execution and margin risk — especially near‑term in the high‑volume CSG channel where repricing lags.
• Dell increased shareholder returns and confidence in cash flow with a 20% dividend hike to $2.52 per share and a $10B expansion of its buyback authorization, signaling strong balance‑sheet flexibility.

Dell Technologies Price Performance

NYSE:DELL traded down $1.96 during mid-day trading on Thursday, reaching $121.52. The stock had a trading volume of 14,177,681 shares, compared to its average volume of 7,339,420. The stock’s 50 day simple moving average is $120.74 and its two-hundred day simple moving average is $131.92. Dell Technologies has a 1-year low of $66.25 and a 1-year high of $168.08. The company has a market capitalization of $80.53 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 0.80 and a beta of 1.03.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 20th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, January 20th. Dell Technologies’s dividend payout ratio (DPR) is 28.00%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DELL. Raymond James Financial raised their target price on Dell Technologies from $161.00 to $166.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Bank of America boosted their target price on shares of Dell Technologies from $160.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Barclays raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $148.00 price target for the company in a report on Thursday, January 15th. Dbs Bank raised shares of Dell Technologies to a “moderate buy” rating in a research report on Monday, January 5th. Finally, Mizuho lifted their target price on Dell Technologies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $158.53.

Insider Activity at Dell Technologies

In other news, Director Egon Durban sold 71,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $138.12, for a total value of $9,806,520.00. Following the completion of the sale, the director directly owned 1,172,428 shares in the company, valued at approximately $161,935,755.36. The trade was a 5.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds have recently added to or reduced their stakes in DELL. Rossby Financial LCC lifted its position in shares of Dell Technologies by 968.4% in the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after buying an additional 184 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Dell Technologies during the fourth quarter worth about $29,000. WealthCollab LLC lifted its holdings in Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after acquiring an additional 114 shares during the last quarter. State of Wyoming acquired a new position in Dell Technologies in the second quarter valued at approximately $33,000. Finally, Elkhorn Partners Limited Partnership grew its holdings in shares of Dell Technologies by 50.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 300 shares of the technology company’s stock valued at $38,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Trending Headlines about Dell Technologies

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: Record Q4 results — Dell delivered better‑than‑expected Q4 revenue and EPS, driven largely by strong AI server sales, which investors view as confirmation the company is capturing AI infrastructure demand. Dell forecasts fiscal 2027 revenue above estimates
• Positive Sentiment: Upgraded outlook — Dell issued FY‑2027 and Q1 guidance above Wall Street expectations (management set fiscal EPS guidance materially higher than consensus), signaling continued top‑line strength into the new year. Dell Delivers Strong Q4 CY2025 Numbers
• Positive Sentiment: Shareholder return — Dell announced a 20% dividend increase, which supports income investors and can reduce downside volatility. Dell’s stock soars, as record earnings signal the company is managing memory shortages well
• Neutral Sentiment: Product momentum — New server introductions (e.g., XR9700) and a reported record AI server backlog underpin the revenue narrative but are medium‑term catalysts rather than immediate cash drivers. Inside Dell’s Backpack‑Sized XR9700
• Neutral Sentiment: Investor materials available — Conference call transcript and slide deck provide more detail on margins, backlog and capital allocation; these will shape analyst revisions over the coming days. Dell Q4 earnings materials
• Negative Sentiment: Macro/market pressure — Broader intraday tech weakness (Nvidia‑led swings) capped gains and contributed to short‑term pullbacks despite the strong print. Traders sensitive to AI‑hardware news can amplify volatility. Equity Markets Mostly Fall Intraday as Nvidia Drags Tech Lower
• Negative Sentiment: Analyst adjustments — Some analysts trimmed price targets (e.g., Wells Fargo lowered its PT while keeping a buy rating), which can temper the immediate upside even though the long‑term thesis remains intact. Wells Fargo Lowers PT on Dell

Dell Technologies Company Profile

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.