Dell Technologies stock falls 2.44 percent after guidance rises

Published on 09/25/2026 at 11:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dell Technologies stock stood at USD 536.39 on September 24, 2026, after fiscal Q2 revenue reached USD 46.971 billion. FY27 guidance calls for USD 192.0 billion revenue.

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

Dell Technologies (ISIN US24703L2025) stock stood at USD 536.39 on the NYSE on September 24, 2026, down 2.44 percent from the prior close of USD 549.83. The latest company report, released on September 1, 2026, showed fiscal Q2 2027 revenue of USD 46.971 billion, up 58 percent year over year.

Revenue reaches USD 46.971 billion

According to Dell Technologies on September 1, 2026, diluted GAAP earnings per share reached USD 6.34 for the three months ended July 31, 2026, compared with USD 1.70 in the year-earlier quarter, a 273 percent increase.

Non-GAAP diluted earnings per share came to USD 7.04, up 203 percent from USD 2.32. Operating income rose 204 percent to USD 5.385 billion, while operating cash flow was USD 2.225 billion for the quarter.

AI server guidance reaches USD 74.0 billion

Dell raised its full-year fiscal 2027 revenue guidance to USD 192.0 billion, up 69 percent year over year, and lifted AI-Optimized Servers revenue guidance to USD 74.0 billion, up 200 percent. The company also guided to full-year non-GAAP earnings per share of USD 25.50, an increase of 148 percent year over year.

The mix matters for investors because AI-Optimized Servers revenue reached USD 16.401 billion in fiscal Q2, up 100 percent from USD 8.208 billion in the comparable quarter. Traditional Servers and Networking revenue grew 122 percent to USD 10.531 billion, giving the infrastructure division two separate growth engines.

Goldman target rises to USD 570

According to Yahoo Finance on September 3, 2026, Goldman Sachs analyst Katherine Murphy raised Dell's price target from USD 510 to USD 570 while maintaining a Buy rating.

CNBC reported on September 2, 2026, that Citi and Bank of America raised their price targets to USD 600 after the results. The same report said Dell's fiscal 2027 adjusted earnings guidance of USD 25.50 exceeded the USD 18.92 analyst expectation cited by LSEG.

Stock remains below yearly high

Dell stock's September 24 reference price of USD 536.39 was USD 59.12 below its 52-week high of USD 595.51 and USD 426.17 above its 52-week low of USD 110.22. Market capitalization stood at USD 356,297,563,316 on that date.