Dell Technologies Inc - Ordinary Shares - Class C

Dell Technologies Inc - Ordinary Shares - Class C

DELL

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Market Cap$284.38B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Dell Technologies Inc - Ordinary Shares - Class CDell Technologies Inc - Ordinary Shares - Class C32.50.52%-599%2-31.6

Earnings Call Q1 2027

May 28, 2026 - AI Summary

Record Q1 performance (very strong demand + profitability + capital returns) - Revenue $43.8B (+88% YoY); EPS $4.86 (+214% YoY) (record). - Gross margin dollars $7.9B (+57%); gross margin rate 18.1%, helped by a mix shift to AI servers (AI revenue up ~9x YoY). - Operating expenses down to 8.4% of revenue (OpEx down ~610 bps; “lowest level in 20+ years”); operating income $4.2B (+154%), margin 9.7%. - Cash flow: $4.1B cash from operations; ended with $14.1B cash & investments. - Shareholder returns: $2.1B returned in Q1 via 11M shares repurchased (avg ~$147) + ~$0.63 dividend/share.
AI is the core driver, with backlog and pipeline strength (surprising strength early in FY) - AI momentum: $24.4B AI orders; $16.1B AI server revenue in Q1. - Exited quarter with record $51.3B AI backlog; management says pipeline remains multiples of backlog and is growing sequentially. - Customer base: surpassed 5,000 customers, with growth across Neo Cloud, sovereign, and enterprise. - Management believes share gains stem from integrated solutions that install/deploy quickly, plus flexible financing/consumption options and services—customers aren’t just buying components.
Full-year guidance raised for AI servers; supply remains the key constraint - Full-year revenue outlook: $165B–$169B (about +~50% YoY at midpoint). - AI server revenue forecast: ~$60B at midpoint (raised), about 2.4x YoY. - Mid-year tone: they expect better than previously expected gross margin trajectory excluding AI mix and margin expansion through the year. - Supply vs demand: management repeatedly emphasized demand is strong, but the limiter is parts/supply (not demand), particularly DRAM/NAND generally and parts for AI server supply in the back half.

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$336.39

Target Price by Analysts

20.1% downsideDell Technologies Target Price DetailsTarget Price
$102.48

Current Fair Value

75.7% downside

Overvalued by 75.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$284.38 Billion
Enterprise Value$317.15 Billion
Dividend Yield$2.21 (0.52%)
Earnings per Share$8.96
Beta1.06
Outstanding Shares649,000,000

Return

Return on Equity-598.93%ROE
Return on Assets7.32%
Return on Invested Capital24.97%

Valuation & Multiples

P/E Ratio32.52P/E Ratio
PEG12.69PEG
Price to Sales2.04Price to Sales
Price to Book Ratio-140.42Price to Book Ratio
Enterprise Value to Revenue2.37
Enterprise Value to EBIT31.5
Enterprise Value to Net Income37
Total Debt to Enterprise0.14
Debt to Equity-31.59Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 28, 2026
EPS Estimate
$2.96
Average shareholder expectation
Revenue Estimate
$35.74 B
Average shareholder expectation

Next Earnings Call

Expected Date
June 4, 2026
EPS Estimate
$2.88
Average shareholder expectation
Revenue Estimate
$34.80 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.4114 31.94%
Total Calls17,683,625 0.10%
Total Puts24,958,155 18.37%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %37.92% 0.71%
Total Invested$40.54B 23.26%
Investors Holding1,727 114.00%

ESG Score

No data

About Dell Technologies Inc

CEO: Michael Dell

Relevant Senate Committees

Joint Committee on Taxation

This advisory committee provides the crucial 'revenue estimates' for all tax bills, directly influencing the final shape and impact of tax legislation on corporate structures, capital investment credits, and overall tax burden for companies like Dell.

Finance

This committee controls taxation and trade policy. As a global corporation, Dell is heavily impacted by corporate tax rates, international trade agreements, and tariffs, which directly affect its profitability and supply chain costs.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees' decisions on funding for defense programs, scientific research, and general government operations directly impact the budget available for Dell's federal contracts and sales.

Judiciary

As a large tech company, Dell's business activities, including mergers and acquisitions, are subject to antitrust review by the DOJ. Intellectual property rights, a core concern for this committee, are also vital to Dell's innovations.

Armed Services

Dell is a major supplier of IT hardware, software, and services to the Department of Defense. This committee's authorization of the NDAA directly determines revenue streams and R&D funding for military technologies, impacting Dell's defense contracts.

Commerce, Science, and Transportation

Dell is a 'Big Tech' company involved in interstate commerce, telecommunications, and data processing. The committee's vast jurisdiction over privacy laws, data security, and technology regulations directly impacts Dell's product development and service offerings.

Homeland Security and Governmental Affairs

Dell is a major federal contractor, providing IT infrastructure and services to government agencies, including DHS. The committee's oversight of government procurement and emerging risks like AI directly impacts Dell's sales and regulatory environment.