Dell Technologies advances AI with NVIDIA: Dell Technologies stock gains 2.43 percent

Published on 10/23/2026 at 11:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue hit USD 46.97 billion, up 57.70 percent. Dell Technologies stock costs EUR 412.28 on October 23, 2026, 2.43 percent above Xetra close.

AI demand and valuation

Dell Technologies announced an NVIDIA AI expansion on October 21, 2026.
Second-quarter revenue reached USD 46.97 billion, up 57.70 percent year over year.
Dell Technologies stock trades at EUR 412.28 at 11:20 a.m. CEST at Lang & Schwarz on October 23, 2026, 2.43 percent above the Xetra close of October 22, 2026.

Dell Technologies Inc., US24703L2025, Illustration mit AI erstellt.

Dell Technologies (ISIN US24703L2025) is trading at EUR 412.28 at Lang & Schwarz on October 23, 2026, at 11:20 a.m. CEST, up 2.43 percent from the Xetra close of October 22, 2026, at EUR 402.50. The company advanced enterprise agentic artificial intelligence from the deskside to the data center with NVIDIA on October 21, 2026, according to Dell Technologies.

AI demand is the new test

The latest operating picture is unusually large. In the second quarter of fiscal 2027, Dell reported revenue of USD 46.97 billion, up 57.70 percent from the year-earlier quarter, while diluted GAAP earnings per share reached USD 6.34. The figures cover the quarter ended July 31, 2026, and come from the company investor-relations materials and standardized financial statements.

The growth is concentrated in infrastructure. Dell reported record AI server orders of USD 60.90 billion and an AI backlog of USD 95.00 billion for the second quarter, figures highlighted by Admirals. That backlog gives the October 21 product announcement a measurable commercial backdrop, although delivery timing and component costs remain important execution variables.

What does the AI backlog mean?

The answer depends on conversion rather than headline demand. Dell raised its fiscal 2027 revenue outlook to USD 192.00 billion from USD 167.00 billion in September, while its third-quarter revenue guidance called for USD 49.00 billion. The same fiscal 2027 update put non-GAAP diluted earnings per share guidance at USD 25.50, according to the company materials.

Dates point to November

Dell scheduled its quarterly dividend payment for October 30, 2026, at USD 0.63 per share, according to Transcript Daily. The company investor-relations calendar lists November 24, 2026, for fiscal 2027 third-quarter results.

Analyst caution remains part of the valuation debate. Barclays cut its rating from Overweight to Equal Weight and reduced its target from USD 603.00 to USD 574.00 on October 14, 2026, as reported by Admirals. The move contrasts with the USD 95.00 billion AI backlog and leaves investors weighing demand visibility against memory costs and the pace of margin conversion.

Stock rises with the AI narrative

Dell Technologies stock was trading at EUR 412.28 at Lang & Schwarz on October 23, 2026, at 11:20 a.m. CEST, 2.43 percent above the Xetra close of October 22, 2026, at EUR 402.50. The primary listing is on the NYSE, where Dell is quoted in USD.

The further course of trading is shown by the continuously updated real-time quote of Dell Technologies stock.