Dell Technologies Inc.'s Stock Analysis

Dell Technologies Reports Record Revenue and Earnings for Q1 FY27

Dell Technologies announced its financial results for the first quarter of fiscal year 2027, reporting record revenue of $43.8 billion, an increase of 88% year over year. The company also achieved record diluted earnings per share (EPS) of $5.24, up 282% from the previous year, and a record cash flow from operations of $4.1 billion. The Infrastructure Solutions Group (ISG) saw significant growth, with revenue reaching $29.0 billion, up 181% year over year, while the Client Solutions Group (CSG) reported revenue of $14.6 billion, up 17% year over year. Notably, AI server revenue contributed significantly, with $16.1 billion recognized during the quarter and $24.4 billion in AI orders booked.

Looking ahead, Dell expects second-quarter FY27 revenue to be between $44.0 billion and $45.0 billion, representing a 49% increase year over year. The company has raised its full-year revenue outlook to a range of $165.0 billion to $169.0 billion, marking an anticipated growth of 47% year over year. Dell also projects full-year GAAP diluted EPS to be approximately $17.31, up 99% year over year, and non-GAAP diluted EPS to be around $17.90, up 74%. The company returned $2.1 billion to shareholders in the first quarter through share repurchases and dividends.

May 28, 2026 16:15:39

Dell Technologies Issues Over 4 Million Class C Shares

Dell Technologies has converted 4,237,699 shares of Class B common stock into Class C common stock between March 2 and April 16, 2026. As of April 17, 2026, the company has 325,654,621 shares of Class C common stock and 47,789,758 shares of Class B common stock outstanding.

The conversions were conducted on a one-to-one basis as permitted by the company's certificate of incorporation. The issuance of the Class C common stock was executed without registration under the Securities Act of 1933, utilizing an exemption, and no commissions were paid for the exchange of securities.

Apr 20, 2026 16:20:27

Dell Technologies Reports Record Revenue and Earnings for FY2026

Dell Technologies announced its financial results for the fiscal year ending January 30, 2026, achieving record revenue of $113.5 billion, a 19% increase from the previous year. The company reported diluted earnings per share (EPS) of $8.68, up 36% year over year, alongside a record cash flow from operations of $11.2 billion. In the fourth quarter alone, Dell generated $33.4 billion in revenue, a 39% year-over-year increase, and a diluted EPS of $3.37, reflecting a 57% rise compared to the same quarter last year.

Additionally, Dell announced a 20% increase in its cash dividend and a $10 billion increase in its share repurchase authorization. For fiscal year 2027, the company expects revenue growth of 23% at the midpoint, projecting full-year revenue between $138 billion and $142 billion, with anticipated diluted EPS growth of 33%. Dell's Infrastructure Solutions Group reported significant growth, particularly in AI-optimized servers, which saw a 342% increase in revenue in the fourth quarter.

Feb 26, 2026 16:08:45

Dell Technologies Reports Record Revenue and Earnings for Q3 2026

Dell Technologies announced its financial results for the third quarter of fiscal 2026, reporting record revenue of $27.0 billion, an 11% increase year-over-year. The company achieved diluted earnings per share (EPS) of $2.28, up 39% from the previous year, and a non-GAAP diluted EPS of $2.59, reflecting a 17% increase. Additionally, cash flow from operations was reported at $1.2 billion, and the company returned $1.6 billion to shareholders during the quarter through share repurchases and dividends.

The Infrastructure Solutions Group (ISG) generated record revenue of $14.1 billion, a 24% increase year-over-year, while the Client Solutions Group (CSG) reported revenue of $12.5 billion, up 3%. Dell also provided guidance for the full fiscal year 2026, expecting revenue between $111.2 billion and $112.2 billion, a 17% increase year-over-year. The company anticipates AI server shipments to reach approximately $25 billion, a growth of over 150%. The appointment of David Kennedy as the permanent chief financial officer was also announced.

Nov 25, 2025 16:10:47

Dell Technologies Plans Analyst Presentation on Financial Framework

Dell Technologies will present to securities analysts and the public on October 7, 2025, at 8:30 a.m. Central Time. The presentation will cover the company's long-term financial framework, including increased targets for financial results and shareholder returns. A live webcast of the presentation will be available, along with a replay for one year on the company's investor relations website. Additionally, Dell reaffirmed its guidance for the third quarter of fiscal 2026 through a press release issued on the same day.

During the presentation, management will discuss the company's strategy and operating model, particularly in relation to artificial intelligence and data center modernization. Dell emphasized its commitment to driving shareholder returns, with a strong track record of earnings and cash flow generation. The company aims to leverage its capabilities in AI to enhance its offerings and meet growing customer demands in the evolving tech landscape.

Oct 07, 2025 08:41:19

Dell Technologies Completes $4.25 Billion Senior Notes Offering

Dell Technologies Inc. completed a public offering on October 6, 2025, totaling $4.25 billion in senior notes. This offering includes four series of notes: $750 million of 4.150% notes due 2029, $1.25 billion of 4.500% notes due 2031, $1.25 billion of 4.750% notes due 2032, and $1.25 billion of 5.100% notes due 2036. The notes are senior unsecured obligations and are guaranteed by the company and its subsidiaries, ranking equally with existing senior debt and ahead of subordinated debt. Interest on the notes will be paid semi-annually starting in 2026, with varying maturity dates for each series of notes.

The indenture governing the notes includes covenants that limit the company's ability to create liens, merge, or dispose of significant assets, and it outlines customary events of default. Additionally, holders of the notes may require the company to repurchase their notes at a premium in the event of a change of control. The offering is part of Dell's ongoing financing strategy and is intended to support its operational and strategic initiatives.

Oct 06, 2025 16:15:57

Dell Technologies Grants Stock Options to COO Jeffrey Clarke

On September 30, 2025, Dell Technologies' Compensation Committee approved a one-time performance-based stock option award for Chief Operating Officer Jeffrey Clarke. The award allows him to purchase 2,500,000 shares of Class C common stock at an exercise price of $141.77 per share, reflecting the closing price on that date. The total grant date fair value is approximately $132.4 million and is intended to incentivize Clarke's ongoing contributions to the company's strategic objectives and long-term shareholder value.

The award is contingent upon meeting specific performance criteria related to market capitalization and free cash flow, with a performance period ending on January 31, 2031. Clarke must remain employed with the company until March 15, 2031, for the options to vest, unless terminated due to death or disability. If he resigns or retires before vesting, the entire award will be forfeited. Additionally, there are provisions for forfeiture and repayment under certain conditions during and after his employment.

Oct 02, 2025 16:10:42

Dell Technologies Converts Class B Shares to Class C Shares

On September 15, 17, 18, 19, and 22, 2025, Dell Technologies Inc. issued a total of 3,915,292 shares of Class C common stock following the conversion of an equal number of Class B common stock shares held by certain investors. As of September 23, 2025, the company reported having 338,646,945 shares of Class C common stock and 54,790,897 shares of Class B common stock outstanding.

The Class B common stock can be converted into Class C common stock on a one-to-one basis at any time by the holder, with automatic conversions occurring under specific conditions outlined in the company’s certificate of incorporation. The newly issued Class C shares carry the same dividend and liquidation rights as the Class B shares. The conversions were executed without registration under the Securities Act of 1933, utilizing an exemption from registration.

Sep 26, 2025 07:03:05

Dell Technologies Announces Senior Notes Offering of $4.25 Billion

Dell Technologies has entered into an underwriting agreement to issue a total of $4.25 billion in senior notes, consisting of four tranches: $750 million due in 2029, $1.25 billion due in 2031, $1.25 billion due in 2032, and $1.25 billion due in 2036. The notes will be sold at varying public offering prices, with the 2029 Notes priced at 99.961%, the 2031 Notes at 100.000%, the 2032 Notes at 99.717%, and the 2036 Notes at 99.633%. The offering is expected to close on October 6, 2025, pending customary conditions.

The proceeds from this offering will be used primarily to redeem a portion of the outstanding 6.020% Senior Notes due 2026, with any remaining funds allocated for general corporate purposes, which may include repaying other debts. The sale has been registered with the SEC, and detailed terms are provided in the related registration statement and prospectus supplements.

Sep 23, 2025 17:26:09

Dell Technologies Announces CFO Resignation and Interim Appointment

Yvonne McGill, the Chief Financial Officer of Dell Technologies, has announced her resignation effective September 9, 2025. She will assist in the transition and remain employed full-time until October 31, 2025. McGill's departure is not due to any disagreements regarding financial matters, and she will receive a cash payment of approximately $562,500 as part of her separation agreement.

David Kennedy, currently the Senior Vice President of Global Business Operations, Finance, has been appointed as the interim Chief Financial Officer effective September 9, 2025. Kennedy has a long tenure with the company, having held various positions since 1998. The company is actively seeking a permanent replacement for the CFO position.

Sep 08, 2025 16:12:35