Dell Technologies Inc. (DELL) earnings on September 1, 2026
More Dell Technologies Inc. earnings
Prior outlook: Optimistic Outcome: Accurate
DELL shares jumped after the company released its earnings. The stock rose as much as 17% during the day and closed up nearly 16%.
DELL price around the earnings
492.20
Change: +15.8%
2026-09-02, 20:00 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: Optimistic Outcome: Accurate
- Thesis published
Solid earnings history, recent analyst upgrades
The company's strong earnings track record and recent analyst upgrades support an optimistic outlook, though the recent price rally has been significant. Technical indicators show the stock is approaching resistance levels after a strong run-up.
Context analyzed before publication
- Reasoning
- Leading analysts have raised their price targets to $735, reflecting strong expectations for this company. The technical setup is strong enough to outweigh recent caution in investor sentiment.
- Playbook
- La compañía tiene un buen historial reciente de resultados y múltiples mejoras de analistas generando expectativas elevadas. La fuerza reciente de la tendencia del precio ha sido negativa, creando tensión entre la estructura sólida y el sentimiento más débil.
- Trend
- Expert confidence rising after recent analyst upgrades
Analysts
Drivers
-
Analysts
Positive
Two major research firms upgraded their price targets to $735 and $570, with the average analyst target about 20% above current levels.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.82
- Analysts covering the stock
- 24
- Average price target
- 556.13
- Lowest price target
- 455
- Highest price target
- 735
- Upside to price target
- 20%
- Quarterly earnings growth
- 256.3%
- Revenue growth
- 87.5%
- Forward EPS
- 28.02
- Trailing EPS
- 12.54
- Analyst moves in the last 60 days
- 10
- Strong buy: 5
- Buy: 14
- Hold: 8
- Sell: 0
- Strong sell: 0
- Strong buy
- 5
- Buy
- 14
- Hold
- 8
- Sell
- 0
- Strong sell
- 0
- September 2, 2026 · Melius Research: Maintains rating (Buy → Buy)
- September 2, 2026 · Goldman Sachs: Maintains rating (Buy → Buy)
- September 2, 2026 · Piper Sandler: Reiterates rating (Overweight → Overweight)
- September 2, 2026 · Truist Securities: Maintains rating (Hold → Hold)
- September 2, 2026 · Evercore ISI Group: Maintains rating (Outperform → Outperform)
- September 2, 2026 · Raymond James: Maintains rating (Outperform → Outperform)
- September 2, 2026 · UBS: Maintains rating (Neutral → Neutral)
- September 2, 2026 · Bernstein: Maintains rating (Outperform → Outperform)
- September 2, 2026 · TD Cowen: Maintains rating (Hold → Hold)
- September 2, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
News and sentiment
Drivers
-
News & sentiment
Positive
News coverage has been overwhelmingly positive at a 5:1 ratio, with analysts highlighting growth opportunities from AI infrastructure demand.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (7)
- Melius Research Maintains Buy on Dell Technologies, Raises Price Target to $735 (opens in a new tab) — Benzinga
- Goldman Sachs Maintains Buy on Dell Technologies, Raises Price Target to $570 (opens in a new tab) — Benzinga
- Piper Sandler Reiterates Overweight on Dell Technologies, Raises Price Target to $558 (opens in a new tab) — Benzinga
- What's Going On With Hewlett Packard Stock Wednesday? (opens in a new tab) — Benzinga
- Truist Securities Maintains Hold on Dell Technologies, Raises Price Target to $505 (opens in a new tab) — Benzinga
- Evercore ISI Group Maintains Outperform on Dell Technologies, Raises Price Target to $575 (opens in a new tab) — Benzinga
- Dell’s AI Revenue More Than Doubles — Analyst Calls Its Execution ‘Best In Class’ (opens in a new tab) — Benzinga
Technicals
Drivers
-
Technical
Negative
Recent price trend strength has been negative over the past two weeks, and the stock is approaching a key resistance level around $425.
Evidence
- Price when the context was analyzed
- 424.65
- Average true range (ATR)
- 5.8%
- Distance to 52-week high
- -6.3%
- 14-day change (14d)
- -9.4%
- 30-day change (32d)
- +4.8%
- 30-day relative strength
- +2.8%
- SPY change (32d)
- +2.0%
- Nearest support
- 407.4
- Distance to nearest support
- 4.1%
- Nearest resistance
- 425.12
- Distance to nearest resistance
- 0.1%
- Volume accumulation ratio (14d / 46d)
- 0.78
- Mid: 407.4 (4.1% away, 0.7 ATR, 14 touches)
- Mid: 425.12 (0.1% away, 0.02 ATR, 13 touches)
- Mid: 442.84 (4.3% away, 0.73 ATR, 17 touches)
- Minor: 447.13 (5.3% away, 0.91 ATR, 6 touches)
Trends
Evidence
- Average earnings surprise
- +20.1%
- May 28, 2026: actual EPS 4.86 vs estimate 2.96 (surprise +64.0%)
- 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%)
Expected move
Drivers
-
Past earnings
Positive
The company has exceeded earnings expectations 100% of the time, with an average beat of 20%. Most recent quarterly earnings beat estimates by 64%.
- Implied move
- +5.8%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 7.3%
- 75th percentile move
- 14.7%
- 90th percentile move
- 22.8%
- Up / down moves
- 10 / 10
- Average up move
- +14.6%
- Average down move
- -7.8%
Monitoring and close
What Dell Technologies Inc. reported
- Status
- Pending
| Actual EPS | 7.04 |
|---|---|
| EPS estimate | 4.92 |
| EPS surprise | +43.1% |
Sources (1)
- Earnings per share: $7.04 vs $4.92 expected — above expectations. — Yahoo Finance + Finnhub
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- +15.8%
- Max favorable move (MFE)
- 17.2%
- Max adverse move (MAE)
- 1.1%