DELL Dell Technologies

AI servers for enterprise and neoclouds

Downtrend Trading below its 50-day average. (automatic: supply-chain trend + price vs 50-day average)

AI Server Racks (Taiwan ODMs) · 52

Last close (delayed) · 2026-10-30

$424.3

−10.77% today

−7.0%

−21.6%

−1.0%

YTD

+240.6%

+166.3%

Off 52w high

−27.8%

Next earnings (est.): 2026-11-24

Market cap$270B

P/E (trailing)24.7Forward 14.0

EV / sales2.2×EV/EBITDA 18.4×

Revenue (TTM)$151BGrowth 57.7% y/y

Margins19.9%gross · op 12.0%

Free cash flow$6.03BCash $11.57B · debt $35.28B

Analyst target$595.0+40.2% upside · 25 analysts · buy

Riskβ 1.44Short 4.2% of float · yield 0.53%

Fundamentals from public market data, refreshed daily (2026-10-30 21:21 UTC). Figures in reporting currency.

DELL · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

9 events

9

2026-10-20Taiwan Ministry of FinanceData release

Taiwan September exports a record $87.2B (+60.9%); shipments to the US +106% to $27.5B on AI servers. Export orders a record $114.2B (+62.4%). Source ↗
8

2026-09-01EarningsBeat / raise

Reported EPS 7.04 vs 4.92 expected (+43.1% surprise).
7

2026-05-28EarningsBeat / raise

Reported EPS 4.86 vs 2.96 expected (+64.0% surprise).
6

2026-02-26EarningsBeat / raise

Reported EPS 3.89 vs 3.51 expected (+10.7% surprise).
5

2025-11-25EarningsBeat / raise

Reported EPS 2.59 vs 2.48 expected (+4.5% surprise).
4

2025-08-28EarningsBeat / raise

Reported EPS 2.32 vs 2.29 expected (+1.2% surprise).
3

2025-05-29EarningsMiss / cut

Reported EPS 1.55 vs 1.69 expected (-8.4% surprise).
2

2025-02-27EarningsBeat / raise

Reported EPS 2.68 vs 2.52 expected (+6.4% surprise).
1

2024-11-26EarningsBeat / raise

Reported EPS 2.15 vs 2.06 expected (+4.2% surprise).

Latest headlines

Auto-updated daily

Alternative data that moves DELL

US imports from Taiwan+39.0% y/y US imports from Mexico+34.2% y/y

Earnings history

EPS vs expectations

Date	Expected EPS	Reported EPS	Surprise
2026-09-01	4.92	7.04	+43.1%
2026-05-28	2.96	4.86	+64.0%
2026-02-26	3.51	3.89	+10.7%
2025-11-25	2.48	2.59	+4.5%
2025-08-28	2.29	2.32	+1.2%
2025-05-29	1.69	1.55	−8.4%
2025-02-27	2.52	2.68	+6.4%
2024-11-26	2.06	2.15	+4.2%
2024-08-29	1.71	1.89	+10.2%
2024-05-30	1.29	1.27	−1.9%
2024-02-29	1.72	2.2	+27.9%
2023-11-30	1.46	1.88	+29.2%
2023-08-31	1.14	1.74	+53.1%
2023-06-01	0.85	1.31	+53.7%
2023-03-02	1.64	1.8	+9.9%
2022-11-21	1.61	2.3	+43.1%
2022-08-25	1.64	1.68	+2.6%
2022-05-26	1.4	1.84	+31.2%
2022-02-24	1.95	1.72	−11.9%
2021-11-23	2.3	2.37	+3.0%
2021-08-26	2.04	2.24	+9.8%
2021-05-27	1.62	2.13	+31.5%
2021-02-25	2.14	2.7	+26.1%
2020-11-24	1.42	2.03	+42.9%

About Dell Technologies

Website ↗

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 consulti…

97,000 employees · Round Rock, United States

AI Server Racks (Taiwan ODMs)

Rack-scale systems are integrated by a few Taiwanese ODMs. Execution and liquid-cooling readiness matter more than raw capacity.

Board→Tray→Rack→Cluster

What would prove us wrong. Strengthens if rack-scale integration slips and becomes the reason accelerators sit in warehouses.

Peers at the same bottleneck

Who else supplies this

Stock	Role	Last	1D	1M	YTD
2317.TW Hon Hai (Foxconn)	Largest AI rack integrator	NT$245.5	−1.01%	−2.0%	+9.7%
2382.TW Quanta Computer	Hyperscaler server ODM	NT$318.0	0.00%	−5.5%	+21.9%
3231.TW Wistron	GPU baseboard and server ODM	NT$183.5	−2.65%	−1.1%	+26.4%
SMCI Super Micro Computer	Rack-scale AI servers and liquid cooling	$32.95	−4.30%	−21.4%	+12.6%
CLS Celestica	Hyperscaler networking and compute EMS	$265.5	−6.09%	−28.8%	−10.2%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.