Dell Technologies Inc - Class C NYSE:DELL Price, Chart, News & Insight

Dell Stock Rises 1.6% Premarket as Evercore Reiterates Outperform, Sets $500 Price Target

Dell Technologies (NYSE: DELL) shares gained 4% yesterday and 1.6% in premarket trading on Thursday after Evercore ISI reaffirmed its *Outperform* rating on the stock and set a $500 price target, signaling continued confidence in the company's AI-driven growth outlook.

## Why Is Dell Stock Rising Today?

The latest analyst update reinforced Wall Street's positive view of Dell as one of the leading beneficiaries of the accelerating buildout of artificial intelligence infrastructure.

Evercore maintained its bullish *Outperform* rating while establishing a $500 price target, implying upside potential from the stock's recent trading levels and reflecting optimism about Dell's expanding AI server business.

## AI Server Demand Remains a Key Growth Driver

Dell has emerged as one of the largest suppliers of AI-optimized servers, benefiting from strong enterprise and hyperscaler spending on AI infrastructure. Demand for systems powered by advanced GPUs has supported a growing AI server backlog and strengthened the company's position in the rapidly expanding data center market.

Beyond AI, Dell continues to benefit from improving enterprise IT spending and ongoing investments in modernizing data center infrastructure.

## What Investors Are Watching Next

Investors will be watching upcoming earnings for further updates on AI server shipments, backlog growth, and enterprise demand. Continued execution in Dell's Infrastructure Solutions Group and sustained AI-related spending could provide additional catalysts for the stock.

The reaffirmed *Outperform* rating and new $500 price target from Evercore add to the constructive outlook for Dell Technologies, helping lift shares in premarket trading as investors remain optimistic about the company's long-term AI growth opportunities.

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Global Finance News 07-09-26

Dell Soars 32% as AI Server Boom Drives Record Revenue, Earnings and Massive Guidance Raise

DELL surged 32% after reporting blockbuster fiscal first-quarter 2027 results that highlighted the extraordinary demand being generated by the artificial intelligence infrastructure buildout. Record revenue, record earnings and a sharply higher full-year outlook convinced investors that Dell is emerging as one of the biggest beneficiaries of the AI spending boom.

The company reported record quarterly revenue of $43.8 billion, up 88% year over year, while diluted earnings per share soared 282% to a record $5.24. Net income more than tripled to $3.44 billion, and operating income jumped 214% to $3.66 billion. Dell also generated a record $4.1 billion in operating cash flow during the quarter, demonstrating that the AI-driven growth is translating directly into cash generation.

The star of the quarter was Dell’s Infrastructure Solutions Group, where revenue exploded 181% to a record $29.0 billion. AI-optimized server revenue reached an astonishing $16.1 billion, up 757% from the prior year, as hyperscalers, enterprises and cloud providers continued aggressively investing in AI computing infrastructure. Traditional servers and networking revenue also nearly doubled, while storage revenue reached a record $4.3 billion.

Management emphasized that AI demand continues to accelerate rather than slow. Dell booked $24.4 billion in AI orders during the quarter and recognized $16.1 billion of AI server revenue. Chief Operating Officer Jeff Clarke said the company is now increasing its fiscal 2027 AI server revenue expectations to approximately $60 billion, underscoring the scale of demand flowing through the industry.

Importantly, growth was not limited to AI infrastructure. Dell’s Client Solutions Group generated $14.6 billion in revenue, up 17%, driven by record commercial PC sales. Commercial client revenue rose 18% while consumer revenue increased 9%, suggesting that the broader technology spending environment is also improving.

Following the exceptional quarter, Dell significantly raised its full-year outlook. The company now expects fiscal 2027 revenue of approximately $167 billion at the midpoint, representing nearly 50% growth year over year. Full-year non-GAAP earnings per share are projected at approximately $17.90, while AI-optimized server revenue is expected to reach roughly $60 billion.

The explosive stock reaction reflects growing investor recognition that Dell is no longer simply a PC manufacturer. The company has become a critical supplier of AI infrastructure, benefiting from one of the largest technology investment cycles in decades. With record AI orders, rapidly expanding margins and sharply higher guidance, investors appear increasingly convinced that Dell’s AI-driven growth story is still in its early stages.

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The Investor 05-30-26

Dell Technologies (NYSE: DELL) announces that its board of directors has declared a quarterly cash dividend of $0.63 per common share, which will be payable on May 1 to shareholders of record as of Apr. 21.

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European Investor 03-03-26

Dell Technologies Inc. reported record fourth-quarter and full-year fiscal 2026 results, driven by strong AI-related demand.

For the full year ended January 30, 2026, revenue reached a record $113.5 billion, up 19% year over year. Diluted EPS was a record $8.68, up 36%, while non-GAAP diluted EPS rose 27% to $10.30. Cash flow from operations totaled a record $11.2 billion. The company also announced a 20% increase in its cash dividend and a $10 billion increase to its share repurchase authorization.

Fourth-quarter revenue rose 39% year over year to a record $33.4 billion. Diluted EPS increased 57% to $3.37, and non-GAAP diluted EPS grew 45% to $3.89. Quarterly cash flow from operations was a record $4.7 billion.

Management highlighted AI-optimized server momentum, citing more than $64 billion in AI server orders closed during FY26, over $25 billion shipped, and a record $43 billion backlog entering FY27. For fiscal 2027, Dell expects full-year revenue growth of 23% at the midpoint, with diluted EPS growth of 33% and non-GAAP diluted EPS growth of 25% at the midpoint.

Source: Dell Technologies, Business Wire, February 26, 2026.

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The Investor 02-28-26

Dell Technologies (NYSE: DELL) will conduct a conference call Thursday, Feb. 26, 2026, at 3:30 p.m. CST to discuss its fiscal 2026 fourth quarter and full-year financial results.

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Global Finance News 02-14-26

Dell Technologies announced that on October 6, 2025, its subsidiaries Dell International L.L.C. and EMC Corporation completed a $4.5 billion public debt offering across four tranches of senior unsecured notes.

The offering included:
• $750 million of 4.150% Senior Notes due 2029
• $1.25 billion of 4.500% Senior Notes due 2031
• $1.25 billion of 4.750% Senior Notes due 2032
• $1.25 billion of 5.100% Senior Notes due 2036

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European Investor 10-06-25

Dell Technologies Reports Share Conversions by Silver Lake Funds

Dell Technologies announced that between September 15 and 22, 2025, Silver Lake-affiliated funds converted a total of 3,915,292 shares of Dell’s Class B common stock into an equal number of Class C common shares. Following the conversions, Dell had 338.6 million Class C shares and 54.8 million Class B shares outstanding as of September 23, 2025.

The conversions were made on a one-for-one basis under Dell’s certificate of incorporation and carried out without registration, relying on the Section 3(a)(9) exemption of the Securities Act. No commissions or remuneration were paid in connection with the exchanges.

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European Investor 09-26-25

Dell Technologies filed an 8-K announcing a $4.5 billion debt offering, including four tranches of senior notes maturing between 2029 and 2036, guaranteed by its subsidiaries. The proceeds will primarily be used to redeem part of its 6.020% senior notes due 2026, with any remaining funds allocated to general corporate purposes. The offering is expected to close on October 6, 2025.

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European Investor 09-24-25

Dell CFO Transition

Dell Technologies CFO Yvonne McGill will step down on Sept. 9, 2025, after nearly 30 years with the company. David Kennedy, SVP of Global Business Operations, will serve as interim CFO. McGill will advise through Q3 FY2026. Dell reaffirmed its fiscal 2026 guidance and will outline long-term plans at its Oct. 7 analyst meeting.

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WS Investor 09-09-25

Dell Technologies (NYSE: DELL) announces that its board of directors has declared a quarterly cash dividend of $0.525 per common share, which will be payable on Oct. 31 to shareholders of record as of Oct. 21.

Dell increased its annual cash dividend by 18% to $2.10 per common share following board approval in February of this year.

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WS Investor 09-06-25

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