DELL
Dell Technologies Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Dell Technologies Inc.
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information-technology products and services. Offerings include servers, storage, networking, personal computers, and peripherals, as well as attached software and services for enterprises, public sector, small business, and consumers. The company sells directly and through channel partners.
Coverage
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DELL Q2 FY2027 reported earnings analysis
Dell raised annual revenue guidance by $25B to $192B; AI servers supplied $14B, while orders ran at 3.7 times recognized revenue.
DELL Q2 FY2027 earnings preview
Dell faces $4.92 EPS and $44.51B revenue consensus, while its annual guide implies $39.3B per quarter in the second half.
Dell Nearly Doubled Its Revenue and Booked the Thinnest Gross Margin in Its Series in the Same Quarter
Dell's revenue grew 87.5% to $43.8B while gross margin fell to 17.75%, the lowest we hold. The site scores it 95 — above Broadcom, at a quarter of the margin.
Dell Q1 FY2027: AI Server Revenue Grew 757% to $16.1B, Stock Posts Its Best Day Ever
Dell's Q1 FY2027 AI server revenue grew 757% to $16.1B on $24.4B of orders, and the stock posted its best day ever. What the beat means for the AI buildout.
Where the revenue goes next
Latest: $46.97B (Q2 FY2027)
| Period | Value |
|---|---|
| Q4 FY2023 | $25.04B |
| Q1 FY2024 | $20.92B |
| Q2 FY2024 | $22.93B |
| Q3 FY2024 | $22.25B |
| Q4 FY2024 | $22.32B |
| Q1 FY2025 | $22.24B |
| Q2 FY2025 | $25.03B |
| Q3 FY2025 | $24.37B |
| Q4 FY2025 | $23.93B |
| Q1 FY2026 | $23.38B |
| Q2 FY2026 | $29.78B |
| Q3 FY2026 | $27.00B |
| Q4 FY2026 | $33.38B |
| Q1 FY2027 | $43.84B |
| Q2 FY2027 | $46.97B |
Latest: $6.34 (Q2 FY2027)
| Period | Value |
|---|---|
| Q4 FY2023 | $0.84 |
| Q1 FY2024 | $0.79 |
| Q2 FY2024 | $0.63 |
| Q3 FY2024 | $1.36 |
| Q4 FY2024 | $1.66 |
| Q1 FY2025 | $1.37 |
| Q2 FY2025 | $1.23 |
| Q3 FY2025 | $1.64 |
| Q4 FY2025 | $2.15 |
| Q1 FY2026 | $1.37 |
| Q2 FY2026 | $1.70 |
| Q3 FY2026 | $2.28 |
| Q4 FY2026 | $3.37 |
| Q1 FY2027 | $5.24 |
| Q2 FY2027 | $6.34 |
Latest: 23.5 (Q2 FY2027)
| Period | Value |
|---|---|
| Q4 FY2023 | 13.0 |
| Q1 FY2024 | 17.2 |
| Q2 FY2024 | 20.6 |
| Q3 FY2024 | 19.2 |
| Q4 FY2024 | 18.8 |
| Q1 FY2025 | 24.9 |
| Q2 FY2025 | 18.2 |
| Q3 FY2025 | 22.2 |
| Q4 FY2025 | 16.2 |
| Q1 FY2026 | 14.8 |
| Q2 FY2026 | 18.6 |
| Q3 FY2026 | 21.6 |
| Q4 FY2026 | 13.2 |
| Q1 FY2027 | 16.7 |
| Q2 FY2027 | 23.5 |
Latest: $986M (Q2 FY2027)
| Period | Value |
|---|---|
| Q4 FY2023 | $1.96B |
| Q1 FY2024 | $1.08B |
| Q2 FY2024 | $2.59B |
| Q3 FY2024 | $1.45B |
| Q4 FY2024 | $806M |
| Q1 FY2025 | $447M |
| Q2 FY2025 | $658M |
| Q3 FY2025 | $914M |
| Q4 FY2025 | −$150M |
| Q1 FY2026 | $2.23B |
| Q2 FY2026 | $1.87B |
| Q3 FY2026 | $503M |
| Q4 FY2026 | $3.95B |
| Q1 FY2027 | $3.12B |
| Q2 FY2027 | $986M |
Latest: 652M (Q2 FY2027)
| Period | Value |
|---|---|
| Q2 FY2027 | 652M |
Latest: $22.40B (Q2 FY2027)
| Period | Value |
|---|---|
| Q4 FY2023 | $1.96B |
| Q1 FY2024 | $3.03B |
| Q2 FY2024 | $5.62B |
| Q3 FY2024 | $7.07B |
| Q4 FY2024 | $7.88B |
| Q1 FY2025 | $8.32B |
| Q2 FY2025 | $8.98B |
| Q3 FY2025 | $9.89B |
| Q4 FY2025 | $9.74B |
| Q1 FY2026 | $11.97B |
| Q2 FY2026 | $13.84B |
| Q3 FY2026 | $14.34B |
| Q4 FY2026 | $18.30B |
| Q1 FY2027 | $21.41B |
| Q2 FY2027 | $22.40B |
Latest earnings
Company History
19-year-old Michael Dell founds the company in his University of Texas dorm room, selling IBM-compatible computers built from stock components directly to customers.
Dell Computer Corporation goes public on NASDAQ, raising capital that fuels its direct-to-consumer build-to-order PC model through the 1990s and 2000s.
Michael Dell and private-equity firm Silver Lake Partners complete a $24.9 billion leveraged buyout, taking Dell private to reposition it away from a shrinking, low-margin PC market without public-market scrutiny.
Dell closes its roughly $67 billion acquisition of storage and infrastructure giant EMC Corporation — then the largest tech acquisition in history — forming Dell Technologies and adding VMware, EMC storage, and other infrastructure businesses to its portfolio.
Dell Technologies returns to the public markets by acquiring the outstanding shares of the VMware tracking stock (DVMT) in a $23.9 billion deal, avoiding a traditional IPO and beginning to trade on the NYSE under the ticker DELL.
Dell completes the spin-off of VMware as an independent public company, using the proceeds to pay down debt taken on in the EMC deal and simplifying its corporate structure.
Dell's Infrastructure Solutions Group becomes the market's marquee AI-server growth story, with Q1 FY2027 AI server revenue up 757% year-over-year to $16.1 billion and a record order book, driving the stock's best single trading day on record.
Key Players
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Funds we follow holding DELL
By latest reported 13F position value. Market value at quarter-end, not cost basis.
