Dell Technologies (NYSE:DELL) Announces Quarterly Earnings Results

Posted by Brenda Bartman on Sep 1st, 2026

Dell Technologies logo Dell Technologies (NYSE:DELL – Get Free Report) issued its quarterly earnings data on Tuesday. The technology company reported $7.04 EPS for the quarter, beating the consensus estimate of $4.91 by $2.13, FiscalAI reports. The firm had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.

Dell Technologies Stock Performance

NYSE DELL traded down $33.47 during mid-day trading on Tuesday, reaching $422.54. 10,917,584 shares of the stock were exchanged, compared to its average volume of 8,075,418. The company has a market capitalization of $273.85 billion, a P/E ratio of 33.56, a P/E/G ratio of 0.95 and a beta of 1.33. The business’s 50 day moving average is $433.55 and its 200-day moving average is $299.86. Dell Technologies has a 1 year low of $110.22 and a 1 year high of $514.00.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, July 21st. Dell Technologies’s payout ratio is currently 20.02%.

Insider Transactions at Dell Technologies

In other news, Director Spv-2 L.P. Sl sold 131,040 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $398.13, for a total transaction of $52,170,955.20. Following the transaction, the director owned 12,619 shares in the company, valued at $5,024,002.47. This trade represents a 91.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 138,885 shares of Dell Technologies stock in a transaction on Monday, June 8th. The shares were sold at an average price of $398.13, for a total transaction of $55,294,285.05. Following the completion of the sale, the director directly owned 8,585 shares in the company, valued at $3,417,946.05. This represents a 94.18% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,332,712 shares of company stock valued at $954,404,039. Insiders own 41.50% of the company’s stock.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after purchasing an additional 901 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Dell Technologies during the 2nd quarter worth approximately $328,000. Marshall Wace LLP acquired a new position in shares of Dell Technologies during the second quarter valued at approximately $809,000. Gamco Investors INC. ET AL raised its holdings in shares of Dell Technologies by 30.2% during the second quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company’s stock valued at $819,000 after acquiring an additional 1,550 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Dell Technologies by 147.2% in the second quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company’s stock valued at $7,112,000 after acquiring an additional 34,538 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of several research analyst reports. Susquehanna set a $289.00 price objective on shares of Dell Technologies and gave the company a “neutral” rating in a research report on Friday, May 29th. Argus raised their price objective on Dell Technologies from $200.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. The Goldman Sachs Group upped their target price on Dell Technologies from $230.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Sanford C. Bernstein raised their price target on shares of Dell Technologies from $280.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a research note on Monday. They set a “hold” rating and a $480.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $485.23.

View Our Latest Research Report on DELL

Dell Technologies News Roundup

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

Positive Sentiment: Analysts expect strong fiscal Q2 results, including approximately 49% year-over-year revenue growth to $44.48 billion, with some Wall Street firms anticipating an earnings beat and a higher full-year outlook. Dell Poised for Strong Fiscal Q2 Beat, Outlook Raise, BofA Says
Positive Sentiment: Dell’s AI server business remains the central growth driver. The company reportedly delivered $16.1 billion of AI servers last quarter and has a substantial backlog, while observers believe its full ownership of the AI server operation could help it benefit from continued data-center investment. DELL Earnings Justifying Stock Rally? AI Growth & Backlog Delivery Critical
Neutral Sentiment: The earnings release is a major near-term catalyst. Options markets imply an approximately 11% post-earnings move, highlighting unusually high volatility and the potential for a sharp reaction in either direction. DELL Stock – Options Traders Brace for 11.4% Move after Q2 Results
Negative Sentiment: The stock’s steep rally has raised the bar for results. Investors are focused not only on AI revenue growth and backlog conversion, but also on whether supply constraints, rising memory costs and server margins could weaken profitability. Dell Reports Tuesday, and Its Server Margin Is Where the AI Memory Bill Finally Reaches the Stock
Negative Sentiment: Broader risk-off trading is adding pressure: higher oil prices, inflation concerns and rising Treasury yields are weighing on technology stocks and making Dell’s premium valuation more difficult to justify. Dell stock falls before earnings: strong AI demand will not alone sustain 250% rally

Dell Technologies Company Profile

(Get Free Report)

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.