Dell Technologies Inc. (DELL) Stock Price & Analysis
Dell Technologies Inc. (DELL) closed at USD 452.95 on Thursday, October 22, 2026, down 6.78% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 485.88; the Oct 22, 2026 session ranged USD 446.91–473.01 on volume of 6,597,846 shares. Market capitalization is $287.99B, with a 52-week range of USD 110.22–595.51 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:34 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DELL.md
Key facts (DELL)
- Last four reported quarters (through Jul 31, 2026): revenue $151B, net income $11.4B (7.5% margin), free cash flow $8.56B (SEC filings).
- Valuation: P/E 25.3x (avg 16.7x at the last 3 fiscal year-ends), EV/EBITDA 18.0x, net debt $22.9B.
- 3 of 80 tracked superinvestors hold DELL (13F, Q2 2026): 1 new, 0 added, 2 reduced, 0 unchanged.
- Total return with dividends: 1Y +196.8% vs S&P 500 +14.9%; 5Y +760.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-27, EPS estimate USD 6.56, revenue estimate $49.2B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DELL)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $101B | $102B | $88.4B | $95.6B | $114B | $151B |
| Gross profit | $21.9B | $22.7B | $21.1B | $21.3B | $22.7B | — |
| Operating income | $4.66B | $5.77B | $5.41B | $6.24B | $8.15B | $14.3B |
| Net income | $5.56B | $2.44B | $3.39B | $4.59B | $5.94B | $11.4B |
| EPS (diluted) | — | $3.24 | $4.60 | $6.38 | $8.68 | — |
| Free cash flow | $7.51B | $562M | $5.92B | $1.87B | $8.55B | $8.56B |
| Gross margin | 21.6% | 22.2% | 23.8% | 22.2% | 20.0% | — |
| Operating margin | 4.6% | 5.6% | 6.1% | 6.5% | 7.2% | 9.4% |
| Net margin | 5.5% | 2.4% | 3.8% | 4.8% | 5.2% | 7.5% |
| Revenue growth | +16.8% | +1.1% | -13.6% | +8.1% | +18.8% | — |
| Cash + short-term investments | $9.48B | $8.61B | $7.37B | $3.63B | $11.5B | — |
| Total debt | $27.0B | $29.6B | $26.0B | $24.6B | $31.5B | — |
Fiscal years end Jan. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 31, 2026) (DELL)
P/E 25.3x · P/S 1.9x · EV/EBITDA 18.0x · EV/Sales 2.1x · P/FCF 33.6x · FCF yield 2.97% · Earnings yield 3.95% · Dividend yield (paid, TTM) 0.54% · Buyback yield (TTM) 2.96% · Net debt $22.9B · EV $311B
P/E at fiscal year-ends: Jan 2026 13.2x, Jan 2025 16.2x, Feb 2024 20.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (DELL)
3 of 80 tracked investors hold DELL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Van Den Berg Management I | 5.68% | $26.9M | Reduced -20.4% | |
| Lee Ainslie | Maverick Capital | 0.01% | $1.3M | New position |
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $7.4M | Reduced -8.7% |
Analysts (DELL)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Barclays | Downgrade | Overweight → Equal-Weight | $603 → $574 |
| 2026-10-06 | Mizuho | Target raised | Outperform | $600 → $650 |
| 2026-09-29 | TD Cowen | Target raised | Hold | $500 → $550 |
| 2026-09-21 | Morgan Stanley | Target raised | Equal-Weight | $499 → $511 |
| 2026-09-10 | RBC Capital | Initiated | Outperform | $640 |
| 2026-09-09 | Evercore ISI Group | Target raised | Outperform | $575 → $650 |
| 2026-09-02 | Citigroup | Target raised | Buy | $515 → $600 |
| 2026-09-02 | JP Morgan | Target raised | Overweight | $565 → $635 |
| 2026-09-02 | Melius Research | Target raised | Buy | $650 → $735 |
| 2026-09-02 | Goldman Sachs | Target raised | Buy | $510 → $570 |
| 2026-09-02 | Piper Sandler | Target raised | Overweight | $497 → $558 |
| 2026-09-02 | Truist Securities | Target raised | Hold | $360 → $505 |
Total return (dividends reinvested) (DELL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +196.8% | +760.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +197.9% | +53.6% |
| Volatility (annualized) | 73.4% | 53.2% |
| Max drawdown | -32.3% (Oct 2025→Jan 2026) | -54.8% (May 2024→Mar 2025) |
DELL revenue by business segment (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Infrastructure Solutions Group | $31.78B | 67.7% | +89.2% |
| Client Solutions Group | $15.03B | 32.0% | +20.2% |
| Total revenue | $46.97B | 100% | — |
DELL revenue by product line (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Products | $41.11B | 87.5% | +71.8% |
| AI Optimized Servers & Networking | $16.40B | 34.9% | +99.8% |
| Commercial | $13.19B | 28.1% | +22.4% |
| Traditional Servers & Networking | $10.53B | 22.4% | +122.4% |
| Services | $5.86B | 12.5% | +0.3% |
| Storage | $4.85B | 10.3% | +25.8% |
| Consumer | $1.84B | 3.9% | +7.0% |
| Total revenue | $46.97B | 100% | — |
DELL revenue by region (fiscal year ended Jan 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| UNITED STATES | $63.14B | 55.6% | +23.8% |
| Non-US | $50.40B | 44.4% | +13.1% |
| Total revenue | $113.54B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
DELL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | VMware | “We continue to integrate and embed certain VMware products and services with our VxRail solution for end-user customers.” |
| Related party | Broadcom (AVGO) | “VMware was a related party until its acquisition by Broadcom on November 22, 2023.” |
Quoted from the company's 10-K filed Mar 16, 2026.
Companies that name DELL in their SEC reports
| Relationship to DELL | Company | Filing | Sentence |
|---|---|---|---|
| partner | Nutanix, Inc. (NTNX) | 10-K Sep 18, 2026 | “NAI provides inferencing on CNCF Kubernetes, running across public clouds, data centers, the edge, neoclouds, and OEM partner platforms (such as Cisco, Dell, and Supermicro), complete with Day 2 operations, security, and resilience.” |
| competitor | Super Micro Computer, Inc. (SMCI) | 10-K Aug 31, 2026 | “•global technology vendors, such as Cisco, Dell, Hewlett-Packard Enterprise, and Lenovo; and” |
| customer | IREN Ltd (IREN) | 10-K Aug 27, 2026 | “We maintain relationships with semiconductor manufacturers, original equipment manufacturers ("OEMs"), original design manufacturers ("ODMs"), and other infrastructure suppliers, including NVIDIA, AMD, Dell Technologies, Lenovo, Supermicro, Gigabyte and leading storage and networking providers.” |
| customer | SCANSOURCE, INC. (SCSC) | 10-K Aug 20, 2026 | “We provide products and services from approximately 500 suppliers, including key suppliers AT&T, Avaya, Axis, Cisco, Comcast Business, Dell, Elo, Extreme, Five9, Fortinet, Hanwha, Honeywell, HP Poly, HPE/Aruba, HPE/Juniper, Ingenico, Lumen, Microsoft, NiCE, RingCentral, Ubiquiti, Verifone, Verizon, Zebra Technologies and Zoom.” |
| customer | Alpha Compute Corp (ALP) | 20-F Jul 16, 2026 | “with Vertical Data, Inc. for 72 Nvidia B300 servers (576 GPUs) to be manufactured by Dell.” |
| competitor | QUANTUM CORP /DE/ (QMCO) | 10-K Jun 25, 2026 | “Our primary storage solutions, including object storage systems, primarily face competition from the EMC business unit of Dell Inc. ("Dell"), International Business Machines Corporation, ("IBM"), NetApp, Inc., and other enterprise storage vendors in the markets we serve.” |
| customer | HIVE Digital Technologies Ltd. (HIVE) | 10-K Jun 2, 2026 | “The Company has purchased GPU cards manufactured by Nvidia and AMD, while GPU server cases are manufactured by Dell or Supermicro.” |
| partner | Kyndryl Holdings, Inc. (KD) | 10-K May 29, 2026 | “We have several key partnerships, including with Amazon Web Services, Broadcom, Cisco, Dell, Dynatrace, Google Cloud, HPE, Microsoft, NVIDIA, Oracle, Palo Alto Networks, Red Hat, Rubrik, SAP and ServiceNow that accelerate market participation, joint solution development and investment in skills and certification enhancements for Kyndryl.” |
| competitor | Mynd.ai, Inc. (MYND) | 20-F May 29, 2026 | “With lowered technology entry barriers, we face competition from other developers, manufacturers and distributors of interactive displays and personal computer technologies, tablets, television screens and smart phones including Smart Technologies, ViewSonic, Newline, Dell Computers, Samsung, Panasonic and ClearTouch.” |
| customer | EPLUS INC (PLUS) | 10-K May 28, 2026 | “Products manufactured by NetApp, Hewlett Packard Enterprise, Juniper Networks, Dell, and Arista Networks, collectively represented approximately 23% to 28% of net sales for the last three years.” |
| competitor | LOGITECH INTERNATIONAL S.A. (LOGI) | 10-K May 21, 2026 | “Apple Inc. ("Apple"), Dell Technologies ("Dell"), HP, Lenovo Group Ltd. ("Lenovo"), Eweadn, Mchose, Keychron, Cherry, Amazon Basics and regional computer peripheral computer brands are the main competitors in our keyboard and combo product lines.” |
| customer | Vista Energy, S.A.B. de C.V. (VIST) | 20-F Apr 28, 2026 | “Our partners of choice for high-availability servers and storage include Dell, IBM, and NetApp; for networking and firewalls, we rely on Cisco; and for administrative processes and internal controls, we use SAP and satellite solutions, which standardize our operations across the organization.” |
| customer | Vinci Compass Investments Ltd. (VINP) | 20-F Apr 20, 2026 | “We rely on a number of external service providers for certain key market information and data, technology, processing and supporting functions, such as Microsoft, Bloomberg, Cirion Technologies, Dell and Fortinet, among others.” |
| supplier | Rain Enhancement Technologies Holdco, Inc. (RAIN) | 10-K Apr 15, 2026 | “Dell/EMC and EMC (NYSE: Dell, formerly NYSE: EMC) including President Americas Sales and Customer Operations, President Dell Technologies” |
| partner | Gorilla Technology Group Inc. (GRRR) | 20-F Apr 15, 2026 | “Some key partner relationships include Intel Corporation, Dell Technologies Inc., Red Hat, Inc., and AECOM.” |
DELL customer concentration
In the period ended Jan 30, 2026, a single direct customer accounted for 12% of revenue, per the company's 10-K filed Mar 16, 2026. The company does not name it.
DELL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $6.56 | $4.23 | +55.2% | $49.19B | 24 |
| Next quarter (ends Jan 2027) | $6.87 | $3.85 | +78.7% | $53.50B | 5 |
| Current fiscal year (ends Jan 2027) | $25.90 | $18.40 | +40.8% | $193.44B | 26 |
| Next fiscal year (ends Jan 2028) | $26.81 | $18.67 | +43.6% | $229.12B | 7 |
DELL options: expected move
Options price a move of about ±17.8% (±$81.68) by Nov 27, 2026, which includes earnings on Nov 27, 2026; the earnings reaction alone is priced at about ±7.3%. Over the last 8 reports the stock moved ±13.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 70.9% | ±8.4% |
| Nov 6, 2026 | 14 | 69.1% | ±11.2% |
| Nov 13, 2026 | 21 | 67.8% | ±13.3% |
| Nov 20, 2026 | 28 | 66.5% | ±14.9% |
| Nov 27, 2026 | 35 | 71.5% | ±17.8% |
| Dec 4, 2026 | 42 | 70.2% | ±19.1% |
| Dec 18, 2026 | 56 | 68.9% | ±21.6% |
| Jan 15, 2027 | 84 | 65.0% | ±24.8% |
30-day implied volatility 68.6% vs 72.7% realized over the last 30 trading days. Put/call ratio (volume) 1.11. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:34 UTC)
| Price | USD 452.95 |
|---|---|
| Change | ▼ 6.78% (down) |
| Previous Close | USD 485.88 |
| Open | USD 461.11 |
| Day Range | USD 446.91 – 473.01 |
| 52-Week Range | USD 110.22 – 595.51 |
| Volume | 6,597,846 shares |
| Market Cap | $287.99B |
| Exchange | NYQ |
Technical Analysis (DELL)
Nexqual's technical model rates DELL "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:34 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 36.81 (neutral) |
| vs SMA50 | Below (USD 513.63) |
| MACD | -16.88 (negative) |
Earnings (DELL)
| Next Earnings Date | 2026-11-27 |
|---|---|
| EPS Estimate | USD 6.56 |
| Revenue Estimate | $49.19B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 7.04 vs est 4.92 ▲ beat |
| 2026-04-30 | USD 4.86 vs est 2.96 ▲ beat |
| 2026-01-31 | USD 3.89 vs est 3.51 ▲ beat |
| 2025-10-31 | USD 2.59 vs est 2.48 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:34 UTC.
Financials & Fundamentals (DELL)
| Total Revenue | $151.20B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +57.70% |
| Gross Margin | +19.91% |
| Operating Margin | +12.02% |
| Profit Margin | +7.52% |
| Current Ratio | 0.96 |
| Total Cash | $11.57B |
| Total Debt | $35.28B |
Source: Nexqual, October 23, 2026 at 10:34 UTC.
Ownership (DELL)
| Insider Ownership | +7.69% |
|---|---|
| Institutional Ownership | +77.94% |
| Shares Outstanding | 315.43M |
| Float | 292.15M |
| Short % of Float | +4.21% |
Source: Nexqual, October 23, 2026 at 10:34 UTC.
From Dell Technologies Inc.'s Latest SEC 10-K Filing (filed 2026-03-16)
Key Strengths & Strategy (as disclosed to the SEC)
- We provide leading end-to-end solutions across our portfolio of products and services.
- We believe our unique operating advantages, our leadership, and our way of doing business provide a foundation to foster growth, drive efficiencies, and capitalize on each successive wave of innovation in a dynamic industry.
- At Dell Technologies, we are committed to driving human progress by putting our technology and expertise to work where we believe it can do the most good for both people and the planet.
Partnerships
- On March 25, 2024, we terminated our Commercial Framework Agreement with VMware, whereby we acted as a distributor of VMware standalone products and services.
- Scannell focused on driving coordination and teamwork among EMC's business unit sales forces, as well as building and maintaining relationships with EMC's largest global accounts, global alliance partners, and global channel partners.
Legal & Regulatory Risks (Item 1A, quoted)
- Adverse legislative or regulatory tax changes, the expiration of tax holidays or favorable tax rate structures, or unfavorable outcomes in tax audits and other tax compliance matters could result in an increase in our tax expense or our effective income tax rate.
- Unfavorable results of legal proceedings could harm our business and result in substantial costs.
- Evolving and varied stakeholder expectations and regulatory requirements with respect to sustainability and environmental, social, and governance ("ESG") activities could harm our reputation, adversely affect our business, and expose us to regulatory proceedings and litigation.
- Our compliance with current or future environmental and safety laws could have an adverse effect on our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ANET | Arista Networks, Inc. | USD 171.07 | ▼ 7.19% |
| SNDK | Sandisk Corporation | USD 1,260.93 | ▼ 8.51% |
| STX | Seagate Technology Holdings PLC | USD 642.14 | ▼ 7.86% |
| WDC | Western Digital Corporation | USD 354.19 | ▼ 6.43% |
| P | Everpure, Inc. | USD 121.2 | ▼ 7.43% |
| HPQ | HP Inc. | USD 33.76 | ▲ 7.79% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:34 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt