NYSEInformation TechnologyComputer HardwareSnapshot 2026-08-31
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Create your account →Broken: Primary pillar broken — Increase non-GAAP EPS to about $17.31 in FY27: FY27 EPS guidance $17.31 vs $12.9 trip.
Dell is growing revenue fast, driven by AI-optimized servers. Revenue rose from $23.4B in 2025-Q1 to $43.8B in 2026-Q2. EPS jumped from $1.37 to $5.24 in the same period. The company is on track to meet its $167B revenue and $17.31 EPS guidance for FY27.
Dell faces risks from rising debt and volatile management. Increased debt may pressure growth. If AI demand slows, revenue growth could stall.
The market prices in about 25% revenue growth and values Dell near our fair value of $416. We see upside as Dell’s growth and EPS targets remain on track, above Street median estimates.
Breaks if: AI server demand declines significantly next year
Dell aims to achieve significant revenue growth, with a focus on AI-optimized servers and infrastructure solutions.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on revenue growth and earnings per share (EPS) increase. The current thesis state is intact, reflecting strong execution in recent quarters.
The market appears to have priced in a neutral valuation, with DELL being viewed as cheap compared to peers. There is an expectations gap indicating that the market may not fully anticipate the potential for continued strong performance.
Fundamentals are likely to remain strong, as management is on track with its priorities for revenue and EPS growth. However, there is elevated risk due to the volatile nature of management and the potential for sector headwinds.
The thesis hinges on the performance of sector bellwethers like ANET, SNDK, and STX. If these companies continue to perform well, it could support DELL's growth. Conversely, any negative guidance from these peers could impact DELL's momentum.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this view. There is strong revenue growth from AI infrastructure spending. Major customers like SpaceX and CoreWeave are driving this demand.
as of 2026-08-31
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated in 4 of last 4 quarters. Revenue grew from $23.4 billion in 2025-Q1 to $43.8 billion in 2026-Q2, reflecting a strong growth trajectory. The company has consistently raised its revenue outlook, indicating delivering on its growth priority.
“CEO: 'We entered FY27 with clear momentum, raising our full-year revenue outlook to $167 billion at the midpoint, up nearly 50% year over year.'”
“CEO: 'Record revenue of $33.4 billion, up 39% year over year.'”
“CEO: 'Full-year revenue of $113.5 billion, up 19% year over year.'”
“CEO: 'Record third-quarter revenue of $27.0 billion, up 11% year over year.'”
Breaks if: Debt levels rise sharply or capital allocation harms growth
Breaks if: EPS falls below $12.9 in FY27
Dell is focused on increasing its non-GAAP EPS, with significant year-over-year growth expected.
Stated in 4 of last 4 quarters. EPS increased from $1.37 in 2025-Q1 to $5.24 in 2026-Q2, demonstrating substantial growth. The company has consistently reported record EPS, indicating strong delivery on this priority.
“CFO: 'Record diluted earnings per share (EPS) of $5.24, up 282% year over year.'”
“CFO: 'Record fourth-quarter diluted EPS of $3.37, up 57% year over year.'”
“CFO: 'Record full-year diluted earnings per share (EPS) of $8.68, up 36% year over year.'”
“CFO: 'Diluted earnings per share (EPS) of $2.28, up 39% year over year.'”
Breaks if: revenue falls below $140B in FY27
Dell aims to achieve significant revenue growth, with a focus on AI-optimized servers and infrastructure solutions.
Stated in 4 of last 4 quarters. Revenue grew from $23.4 billion in 2025-Q1 to $43.8 billion in 2026-Q2, reflecting a strong growth trajectory. The company has consistently raised its revenue outlook, indicating delivering on its growth priority.
“CEO: 'We entered FY27 with clear momentum, raising our full-year revenue outlook to $167 billion at the midpoint, up nearly 50% year over year.'”
“CEO: 'Record revenue of $33.4 billion, up 39% year over year.'”
“CEO: 'Full-year revenue of $113.5 billion, up 19% year over year.'”
“CEO: 'Record third-quarter revenue of $27.0 billion, up 11% year over year.'”
Dell aims to boost its first-quarter revenue significantly, reflecting strong demand and execution.
Stated in 2 of last 4 quarters. First-quarter revenue increased from $23.4 billion in 2025-Q1 to $43.8 billion in 2026-Q2, reflecting strong execution. The company has consistently reported record revenue, indicating progress on this priority.
In the next 1 to 3 years, DELL's performance will depend on its ability to navigate sector challenges while maintaining its growth trajectory. Not investment advice.
“CEO: 'Record revenue of $43.8 billion, up 88% year over year.'”
“CEO: 'Record revenue of $33.4 billion, up 39% year over year.'”
