Dell Technologies (NYSE:DELL) Updates Q2 2027 Earnings Guidance

Dell Technologies (NYSE:DELL) updated its second quarter 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 4.800-4.800 for the period, compared to the consensus earnings per share estimate of 2.960. The company issued revenue guidance of $44.0 billion-$45.0 billion, compared to the consensus revenue estimate of $35.1 billion. Dell Technologies also updated its FY 2027 guidance to 17.900-17.900 EPS.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Dell Technologies from $280.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday. Mizuho raised their price target on Dell Technologies from $215.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Weiss Ratings raised Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Daiwa Securities Group raised their price target on Dell Technologies from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Finally, Wells Fargo & Company raised their price target on Dell Technologies from $270.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $421.00.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $420.96 on Friday. The firm has a market cap of $271.83 billion, a price-to-earnings ratio of 33.44, a P/E/G ratio of 1.16 and a beta of 0.99. The business’s 50-day simple moving average is $216.82 and its 200-day simple moving average is $159.38. Dell Technologies has a 52 week low of $106.38 and a 52 week high of $429.15.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $1.82. The firm had revenue of $43.84 billion for the quarter, compared to analyst estimates of $35.74 billion. Dell Technologies had a negative return on equity of 324.36% and a net margin of 6.28%.The company’s revenue was up 87.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 EPS. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. As a group, equities research analysts forecast that Dell Technologies will post 12.21 earnings per share for the current year.

Insider Transactions at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 143,067 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $165.00, for a total value of $23,606,055.00. Following the completion of the sale, the insider owned 21,779 shares in the company, valued at approximately $3,593,535. This trade represents a 86.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Alan Kennedy sold 19,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $182.53, for a total value of $3,559,335.00. Following the completion of the sale, the chief financial officer owned 183,097 shares of the company’s stock, valued at $33,420,695.41. This represents a 9.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,571,688 shares of company stock worth $576,654,105. Insiders own 41.50% of the company’s stock.

Key Dell Technologies News

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: Dell reported revenue of $43.8 billion, up 88% year over year, and EPS of $4.86, far above Wall Street expectations, signaling a major earnings beat. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: AI server demand was the main catalyst: Dell said AI-optimized server revenue jumped 757% to $16.1 billion, with $24.4 billion of AI orders and a record backlog, showing demand remains very strong. Reuters: Dell raises annual forecasts as AI data center buildout fuels demand
• Positive Sentiment: Management raised full-year guidance to $165 billion-$169 billion in revenue and lifted AI-server revenue expectations, which suggests the growth surge may continue into the next quarters. WSJ: Dell Raises Fiscal Year Outlook After Sales Soar 88%
• Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets sharply, which can add momentum to the stock. Benzinga: Dell’s AI-Fueled Surge May Be Far From Over
• Neutral Sentiment: The Pentagon contract is strategically important and supports Dell’s enterprise/software relationships, but investors appear to be focusing more on the AI-server earnings beat than the contract itself. CNBC: Dell wins a $9.7 billion Pentagon software deal

Institutional Trading of Dell Technologies

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after acquiring an additional 901 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Dell Technologies in the 2nd quarter worth approximately $328,000. Wilmington Savings Fund Society FSB lifted its position in shares of Dell Technologies by 17.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 668 shares of the technology company’s stock worth $84,000 after acquiring an additional 100 shares during the period. Triumph Capital Management bought a new position in shares of Dell Technologies during the 3rd quarter worth approximately $81,000. Finally, Ancora Advisors LLC lifted its position in shares of Dell Technologies by 18.6% during the 3rd quarter. Ancora Advisors LLC now owns 556 shares of the technology company’s stock worth $79,000 after buying an additional 87 shares during the period. Institutional investors own 76.37% of the company’s stock.

About Dell Technologies

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.