Why did Dell Technologies (DELL) stock move recently?

On 9/2/2026, Dell Technologies moved +15.8% — Dell shares rose sharply after reporting record Q2 revenue of $47B (up 58%, beating estimates) and adjusted EPS of $7.04, with strong AI server demand (record $60.9B orders, $16.4B revenue, $95B backlog) prompting a major raise in full-year guidance to $192B revenue and $25.50 EPS, plus AI server forecast to $74B. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Dell Technologies (DELL) overvalued or fairly valued?

MarketChacha shows Dell Technologies's valuation in context — a trailing P/E of about 49.5, a forward P/E of about 18.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Dell Technologies's reported profit turn into cash?

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.71×) from reported figures — education, not a rating.

What is Dell Technologies's revenue?

Dell Technologies reported revenue of $113.5B for FY2026, with net profit of $5.9B, per official filings.

What is the share price of Dell Technologies (DELL)?

Dell Technologies last traded at $524.14 (+1.5% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Dell Technologies

DELL · NYSE · Hardware · United States

Snapshot

TickerDELL

ExchangeNYSE

SectorHardware

IndustryComputer Hardware

CountryUnited States

Employees97,000

HeadquartersRound Rock, United States

Websitewww.dell.com

Filings tracked25

About Dell Technologies

Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG) segments. The ISG segment provides modern and traditional storage solutions, including all-flash, purpose-built, hyper-converged infrastructure, software-defined storage, and general-purpose and AI-optimized servers. This segment also offers networking products and services comprising wide area network infrastructure, data center and edge networking switches, and cables and optics that help its business customers to transform and modernize their infrastructure and complementing its server and storage solutions; and software, peripherals, and services, including consulting and support, and deployment. The CSG segment provides notebooks, desktops, and workstations and branded peripherals that include displays, docking stations, keyboards, mice, webcam and audio devices, and third-party software and peripherals; and configuration, and extended warranties services. The company is involved in originating, collecting, and servicing customer financing arrangements and offers payment and consumption solutions and services, such utility, subscription, as-a-service, leases, and loans, as well as fixed-term leases and loans. It serves enterprises, governmental agencies and other public institutions, educational institutions, healthcare organizations, small and medium-sized businesses, and consumers. The company has a strategic alliance with Rafay Systems for the development of AI infrastructure solutions. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in March 2013. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.

Who owns it

Insiders7.5%
Institutions75.6%
Public & other16.9%

2,731 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.7.42%
Vanguard Capital Management LLC5.85%
State Street Corporation4.24%
Bank of America Corporation3.34%
JPMORGAN CHASE & CO3.21%
Geode Capital Management, LLC2.36%
Vanguard Portfolio Management LLC2.36%
Morgan Stanley2.18%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.71×

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend2.4% → 5.2%

Margin has expanded by about 2.8 points — the business is getting more profitable.

Growth qualityrev 4% · PAT 34%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $53.7B · EPS 6.92

Est. earnings growth +91.5%

Next fiscal year

Rev $217.6B · EPS 23.22

Est. earnings growth +5.9%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2026)

$113.5B

Net margin

5.2%

Revenue CAGR (3y)

+3.5%

Profit CAGR (3y)

+34.5%

EPS (FY2026)

8.68

Net profit (FY2026)

$5.9B

Ask MarketChacha about DELL

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 2, 2026
Dell shares rose sharply after reporting record Q2 revenue of $47B (up 58%, beating estimates) and adjusted EPS of $7.04, with strong AI server demand (record $60.9B orders, $16.4B revenue, $95B backlog) prompting a major raise in full-year guidance to $192B revenue and $25.50 EPS, plus AI server forecast to $74B.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Sep 1, 2026
Dell shares fell ahead of its fiscal Q2 earnings report (released after the close) following a 266%+ rally this year, as investors positioned amid high expectations and some broader tech weakness.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Aug 25, 2026
Dell shares rose about 4% alongside broader technology sector gains, with positive coverage of the company's hybrid AI strategy presentations at the Dell Technologies Forum in Seoul and The Six Five Summit, highlighting cost control, security, and workload allocation across cloud, data centers, and devices; upcoming Sept. 1 earnings also drew bullish analyst commentary on AI demand.
source 1 ↗source 2 ↗· confidence: medium
Aug 4, 2026
Dell rose sharply as AI server stocks surged, with peers like Super Micro up ~10% and HPE up 6% on continued optimism around AI infrastructure demand.
· confidence: medium
Jul 28, 2026
Dell shares fell sharply as investors rotated out of high-multiple AI hardware names amid concerns over heavy customer concentration in AI server revenue and ongoing margin compression, amplified by a weak tape for tech stocks and lingering insider selling pressure.
source 1 ↗· confidence: medium
Jul 22, 2026
Dell shares rallied sharply on broad positive sentiment around the AI server boom, including read-through from Super Micro's record backlog and sector margin beats that reinforced the AI-server profit outlook, alongside strong recent earnings and AI-driven demand.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Jul 21, 2026
Dell rose with other AI hardware names as the sector rebounded in tandem with the broader NASDAQ.
source 1 ↗· confidence: high
Jul 20, 2026
Dell shares declined with the broader AI hardware sector on continued valuation and margin concerns, with no company-specific catalyst reported for the session.
· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about DELL

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin
FY2026	$113.5B	$5.9B	8.68	5.2%
FY2025	$95.6B	$4.6B	6.38	4.8%
FY2024	$88.4B	$3.4B	4.60	3.8%
FY2023	$102.3B	$2.4B	3.24	2.4%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$43.8B	$3.4B	5.24	7.8%
2025Q4	$27.0B	$1.5B	2.28	5.7%
2025Q3	$29.8B	$1.2B	1.70	3.9%
2025Q2	$23.4B	$965.0M	1.37	4.1%
2025Q1	$23.9B	$1.5B	2.15	6.4%
2024Q4	$24.4B	$1.2B	1.64	4.8%
2024Q3	$25.0B	$887.0M	1.23	3.5%
2024Q2	$22.2B	$997.0M	1.37	4.5%
2024Q1	$22.3B	$1.2B	1.66	5.4%
2023Q4	$22.3B	$1.1B	1.42	4.7%
2023Q3	$22.9B	$489.0M	0.66	2.1%
2023Q2	$20.9B	$637.0M	0.86	3.0%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Security holder rights, Bylaw/charter change, Exhibits
SEC7/6/2026material
8-K — Security holder rights, Shareholder vote results, Other events, Exhibits
SEC7/1/2026material
8-K — Unregistered equity sale
SEC6/17/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC6/16/2026material
8-K — Other events, Exhibits
SEC6/12/2026material
8-K — Material agreement, Termination of agreement, Material financial obligation, Exhibits
SEC6/10/2026material
10-Q filing
SEC6/9/2026
8-K — Results of operations, Exhibits
SEC5/28/2026material
8-K — Unregistered equity sale
SEC4/20/2026material
10-K filing
SEC3/16/2026
8-K — Results of operations, Exhibits
SEC2/26/2026material

2025

10-Q filing
SEC12/9/2025
8-K — Results of operations, Exhibits
SEC11/25/2025material
8-K/A — Executive/director change
SEC11/25/2025
8-K/A — Executive/director change
SEC10/17/2025
8-K — Reg FD disclosure, Exhibits
SEC10/7/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC10/6/2025material
8-K — Executive/director change, Exhibits
SEC10/2/2025material
8-K/A — Executive/director change
SEC10/2/2025
8-K — Unregistered equity sale
SEC9/26/2025material
8-K — Other events, Exhibits
SEC9/23/2025material
10-Q filing
SEC9/8/2025
8-K — Executive/director change
SEC9/8/2025material
8-K — Results of operations, Exhibits
SEC8/28/2025material
8-K — Executive/director change
SEC8/12/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.