Dell Technologies Inc. (DELL) earnings on May 28, 2026
More Dell Technologies Inc. earnings
Prior outlook: Pessimistic Outcome: Missed
Dell Technologies shares jumped significantly after earnings, despite expectations of a price drop. The stock closed much higher, showing a strong positive market reaction.
DELL price around the earnings
420.36
Change: +32.6%
2026-05-30, 00:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Missed
Extreme rally, high sell-the-news risk.
The stock has seen a massive price increase recently, far beyond what analysts expected. This suggests the current price might be too high and there's a risk of the price falling after the upcoming news.
Context analyzed before publication
- Summary
- Extreme rally, high sell-the-news risk.
- Reasoning
- The stock has seen a massive price increase recently, far beyond what analysts expected. This suggests the current price might be too high and there's a risk of a pessimistic scenario after the upcoming news.
- Playbook
- Given the significant price surge and analyst targets suggesting the stock is overvalued, the scenario suggests a pessimistic outlook.
- Trend
- Consistently negative outlook, high sell-the-news risk.
Analysts
Drivers
-
Analysts
Negative
The average price target set by analysts is significantly lower than the current stock price. This indicates that experts believe the stock is currently overvalued.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2
- Analysts covering the stock
- 23
- Average price target
- 218.09
- Lowest price target
- 138
- Highest price target
- 380
- Upside to price target
- -32%
- Quarterly earnings growth
- 47.4%
- Revenue growth
- 39.5%
- Forward EPS
- 17.25
- Trailing EPS
- 8.67
- Analyst moves in the last 60 days
- 10
- Strong buy: 5
- Buy: 13
- Hold: 7
- Sell: 2
- Strong sell: 0
- Strong buy
- 5
- Buy
- 13
- Hold
- 7
- Sell
- 2
- Strong sell
- 0
- May 28, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
- May 22, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- May 21, 2026 · Morgan Stanley: Maintains rating (Underweight → Underweight)
- May 18, 2026 · B of A Securities: Maintains rating (Buy → Buy)
- May 14, 2026 · Citigroup: Maintains rating (Buy → Buy)
- May 12, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
- May 11, 2026 · UBS: Downgrades rating (Buy → Neutral)
- May 6, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
- April 21, 2026 · Citigroup: Maintains rating (Buy → Buy)
- April 16, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
News and sentiment
Drivers
-
News & sentiment
Neutral
While a new contract with the Pentagon is positive news, the stock's recent massive price jump likely already includes this. It may not provide further optimistic momentum.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (6)
- Dell Stock Gains After Pentagon Awards $9.7B Software Agreement — Benzinga
- Mizuho Maintains Outperform on Dell Technologies, Raises Price Target to $350 — Benzinga
- Nancy Pelosi Stock Tracker Flags Dell's $9.7 Billion Pentagon Win Weeks After Trump Praised The Company — Shares Surge 48% In A Month — Benzinga
- Dell Wins $9.7 Billion Pentagon Contract, Fueling Stock Rally — Benzinga
- 'Dell Wins $9.7B Defense Deal To Streamline Software Buys'- Bloomberg — Benzinga
- Dell Q1 Preview: Stock At All-Time Highs, Will Trump Effect Help Earnings? — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock's price has surged dramatically in the last 30 days, suggesting it's become overheated. This increases the probability of a pessimistic scenario once upcoming news is released.
Evidence
- Average true range (ATR)
- 5.3%
- Distance to 52-week high
- -2.2%
- 14-day change (14d)
- +29.4%
- 30-day change (30d)
- +67.5%
- 30-day relative strength
- +67.5%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 307.93
- Nearest resistance
- 312.13
- Volume accumulation ratio (14d / 46d)
- 1.03
Trends
Evidence
- Average earnings surprise
- +2.0%
- February 26, 2026: actual EPS 3.89 vs estimate 3.51 (surprise +10.7%)
- November 25, 2025: actual EPS 2.59 vs estimate 2.48 (surprise +4.5%)
- August 28, 2025: actual EPS 2.32 vs estimate 2.29 (surprise +1.2%)
- May 29, 2025: actual EPS 1.55 vs estimate 1.69 (surprise -8.4%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 6.7%
- 75th percentile move
- 13.2%
- 90th percentile move
- 21.3%
- Up / down moves
- 9 / 10
- Average up move
- +12.5%
- Average down move
- -7.8%
Monitoring and close
What Dell Technologies Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Missed
- Consolidated
- +32.8%
- Max favorable move (MFE)
- 0.4%
- Max adverse move (MAE)
- 41.9%