Dell Technologies stock gained 3.75 percent as AI outlook expands
Published on 10/04/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Dell Technologies stock (ISIN US24703L2025) gained 3.75 percent to USD 562.03 on the NYSE on October 2, 2026. The move followed a fiscal 2027 outlook built around record AI infrastructure demand, while Dell's second-quarter revenue reached USD 47.0 billion, up 58 percent year over year.
AI demand lifts fiscal outlook
In the fiscal second-quarter release dated September 1, 2026, Last10K reported GAAP diluted EPS of USD 6.34, up 273 percent year over year, and non-GAAP diluted EPS of USD 7.04, up 203 percent. Operating cash flow was USD 2.2 billion for the quarter.
Dell raised fiscal 2027 revenue guidance by USD 25.0 billion to USD 192.0 billion, or 69 percent growth from the prior year, according to Last10K. Non-GAAP EPS guidance stands at USD 25.50, compared with USD 17.90 in the earlier outlook, while AI-optimized server revenue guidance reached USD 74.0 billion from USD 60.0 billion.
Orders outpace reported revenue
The latest quarter also showed why the outlook changed so sharply. Dell booked USD 60.9 billion in AI server orders, recognized USD 16.4 billion in AI-optimized server revenue and exited the period with a USD 95.0 billion backlog, figures reported by Yahoo Finance on September 11, 2026.
The backlog is not the same as recognized revenue, making conversion speed and margin protection the central operating questions. Dell's Infrastructure Solutions Group produced USD 31.8 billion in quarterly revenue, up 89 percent year over year, while traditional servers and networking revenue rose 122 percent, according to Last10K.
Analysts see limited upside
MarketBeat lists a Moderate Buy consensus from 36 analysts, with 28 Buy ratings, 8 Hold ratings and an average twelve-month target of USD 569.12. The target lies 1.26 percent above the USD 562.03 NYSE close, while the published target range spans USD 289.00 to USD 735.00, according to MarketBeat.
Recent target actions remain mixed in magnitude: TD Cowen lifted its target from USD 500.00 to USD 550.00 on September 29, 2026, while Daiwa Securities Group raised its target from USD 465.00 to USD 625.00 on September 18, 2026, as listed by MarketBeat.
Dell stock and upcoming dividend
Dell Technologies stock was last at USD 562.03 on the NYSE on October 2, 2026, after reaching USD 568.00 during that session. Market capitalization stood at USD 373.6 billion at the latest quote timestamp, and trading volume was 5,360,539 shares.
Dell Technologies stock details
- Company: Dell Technologies Inc.
- ISIN: US24703L2025
- Ticker: DELL
- Trading venue: NYSE
- Price (as of October 2, 2026): USD 562.03 Closing price
- Market capitalization: USD 373.6 billion (as of October 2, 2026)
- Sector / Industry: Information Technology / Electronic Computers
Upcoming dates for Dell Technologies stock
- October 20, 2026: Ex-dividend date and record date for the USD 0.63 quarterly dividend
- October 30, 2026: Payment date for the USD 0.63 quarterly dividend
