Dell Technologies IncNYSE: DELL
Information Technology · Technology Hardware, Storage & Peripherals
$209.77
+0.39%
Vol: 2.5M
Research Digest
Friday, May 1, 2026
Dell Technologies raised FY2026 guidance with 39% YoY revenue growth driven by surging AI server demand (+342%), receiving Bank of America's new street-high $246 price target
DELL is experiencing exceptional AI-driven momentum with FY Q4 2026 revenue up 39% YoY and AI-optimized server sales surging 342%. Bank of America issued a new street-high price target of $246 on the stock as of May 1, 2026. The company reported strong institutional buying (Danske Bank raised stake by 200.7% in Q4) and CEO Michael Dell warned U.S. lawmakers against AI regulation that could disadvantage U.S. competitors. DELL recently partnered with Trust3 AI on secure AI-ready data lakehouse infrastructure. The stock trades 7% above its 20-day SMA and has returned +124% over 12 months.
Previous Market Intelligence
13 daysApr 30Dell Technologies stock hits all-time high as Q4 FY26 results show $33.4B revenue with 342% AI server surgePositive▶
Dell Technologies delivered exceptional FY26 Q4 results with $33.4B revenue (+39% YoY), beating consensus by 5%+ driven by a 342% surge in AI-optimized server sales. Non-GAAP EPS hit $3.89 vs. $3.51 estimates, with strong AI infrastructure demand accelerating. Citi raised price target to $235 from $180, and BofA lifted it to $246 from $205, both maintaining Buy ratings. The company secured a major $1.4B AI deal and announced a $0.63 quarterly dividend. Stock surged 73% year-to-date on AI momentum. The primary risk is execution on demand sustenance and competitive pressures from other infrastructure providers.
Apr 29Dell Technologies crushes FY26 with $33.4B Q4 revenue (342% AI server surge); BofA raises PT to $246Positive▶
Dell delivered exceptional FY26 results with Q4 revenue of $33.4B (+39% YoY, beating consensus by 5%+) and Non-GAAP EPS of $3.89 vs. $3.51 estimate, driven by 342% surge in AI-optimized server sales. Boost Run announced a $1.44B equipment purchase agreement with Dell for enterprise AI infrastructure. Analysts are bullish: BofA raised PT to $246 from $205 (April 27), and Citi lifted PT to $235 from $180 with Buy rating. Nvidia denied acquisition rumors but Dell remains positioned for AI growth momentum.
Apr 16Dell stock surged 6.74% on April 14 after Nvidia acquisition rumors, then retreated as Nvidia denied deal; CFO sold 19,500 shares April 9Mixed▶
Dell Technologies stock jumped 6.74% on April 14 following a SemiAccurate report claiming Nvidia was seeking to acquire a large PC maker, sparking speculation about Dell and HP. However, Nvidia denied the acquisition report, stating it had not been pursuing such a deal, causing shares to retreat after-hours amid investor skepticism. Dell CFO David Alan Kennedy sold 19,500 shares on April 9 at $182.53 average. The company maintains strong fundamentals with record Q3 fiscal 2026 revenue of $27.0 billion, AI server shipments expected at $25 billion for fiscal 2026, and a $10 billion buyback program.
Apr 14Dell surges 6.7% on Nvidia acquisition rumors then retreats after denialMixed▶
Jumped 6.7% April 13 on Nvidia acquisition reports, fell 3% after denial. Record Q4 revenue $33.4B (+39%). $10B buyback and 10% annual dividend growth.
Apr 13No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 10Dell planning AI-driven workforce reduction while securing multi-year server contracts.Positive▶
Dell Technologies cutting workforce by ~11,000 (10% third consecutive year reduction) to 97,000, redirecting resources to AI segments. Secured multi-year private cloud infrastructure agreement with London Stock Exchange. CEO Michael Dell forecasted memory demand will increase 625x. Record revenue while expanding AI-ready commercial hardware portfolio. Stock at $185.47 (+139.32% annually).
Apr 9Dell Technologies Surges 5% Following Super Micro Competition Jitters; AI Revenue Expected to Hit $50BPositive▶
Dell Technologies climbed 5% Friday amid Super Micro Computer's legal troubles dampening investor confidence. AI server business revenue projected to reach $50B. Company cut workforce 10% for third consecutive year to 97,000 employees. FY2026 revenue was $113.54B (up 18.8%), earnings $5.94B (up 29.27%). Dividend of $0.63 announced with ex-date April 21, 2026.
Apr 8Michael Dell to speak at BofA fireside chat April 7; FY2027 guidance raised.Positive▶
Dell CEO Michael Dell scheduled to participate in BofA virtual fireside chat April 7 at 10:30am CT. Recently raised FY2027 revenue guidance to $138B-$142B (+23% YoY) and EPS to $12.90 ± $0.25. AI infrastructure revenue grew 39.5% YoY to $33.38B.
Apr 7Dell reports record FY26 revenue $113.5B, FY27 guidance +23%; Dell World May 18-21.Positive▶
Dell Technologies announced record full-year fiscal 2026 revenue of $113.5 billion with record EPS of $8.68 (+36% YoY). FY27 guidance +23% revenue growth at midpoint. CES 2026 announcements included XPS reintroduction, Alienware expansion, UltraSharp 52 Thunderbolt Hub (world's first 52-inch 6K monitor). Reimagined commercial PC lineup with thinner, lighter designs. Enhanced cybersecurity for AI and quantum risks. Dell Technologies World conference May 18-21, 2026 in Las Vegas.
Apr 6Dell surges 5% on AI server demand; dividend raised to $0.63; Michael Dell at BofA conf April 7.Positive▶
Dell stock gained 5% Friday on AI server demand; YTD ~30%. Wall Street upgraded to Strong Buy with median PT $167. Quarterly dividend raised from $0.53 to $0.63 (payable May 1). Michael Dell at BofA fireside chat April 7 at 10:30am CT. Securing multi-year LSE private cloud agreement.
Apr 3Dell Technologies AI server strategy on track with $50 billion FY26 revenue objective; Evercore ISI boosts PT to $205.Positive▶
Dell Technologies is capitalizing on robust AI infrastructure demand with Evercore ISI raising its price target to $205 from $160, maintaining an Outperform rating. The company aims to achieve $50 billion in AI server revenue for fiscal 2026 and recently launched an AI-enhanced commercial PC portfolio. Despite sector headwinds, Dell benefits from sustained AI capex spending. Current stock price of $174.01.
Apr 1Dell launches AI-ready PC line and reaffirms AI infrastructure leadership with new product announcements and analyst upgrades.Positive▶
Dell announced a new line of AI-enabled personal computers and unveiled the Dell AI Data Platform with NVIDIA. Truist Securities initiated coverage with Hold at $170, while Evercore ISI raised target to $205 and Goldman Sachs to $195. Dell declared $0.63 quarterly dividend payable May 1.
Mar 31Bank of America raises price target on Dell amid record AI-server revenue surge, forecasting $60B fiscal 2027 AI revenue.Positive▶
Dell Technologies is experiencing explosive growth in its AI-server segment, which saw a 342% revenue increase. Bank of America raised its price target despite shares trading near all-time highs, citing "very robust" AI server demand. The analyst now forecasts $60 billion in AI-server revenue for fiscal 2027, up from the company's $50 billion guidance, suggesting the guide "could end up conservative." Dell also announced new cybersecurity and resilience capabilities for the AI era and expanded AI factory services with Nvidia.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| AAPLAPPLE | $280.06 | +3.21% | +4.8% | 28.9x | 1.11 | $3.98T |
| SNDKSANDISK | $1,182.72 | +7.86% | +51.3% | 9.3x | — | $161.8B |
| STXSEAGATE | $726.74 | +7.88% | +48.6% | 25.6x | 1.63 | $150.9B |
| WDCWESTERN | $430.70 | -0.88% | +42.9% | 29.7x | 1.83 | $148.6B |
| DELLDELL | $209.77 | +0.39% | +20.6% | 14.2x | 0.95 | $135.9B |
| HPEHEWLETT | $28.50 | -0.96% | +17.1% | 10.6x | 1.22 | $38.2B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.