Dell Technologies (NYSE:DELL) Updates FY 2027 Earnings Guidance

Key Points

• Dell raised its FY 2027 guidance for both earnings and revenue, now expecting EPS of 17.90 and revenue of $165 billion to $169 billion, well above Wall Street’s forecasts. It also set Q2 2027 EPS guidance at 4.80.
• Recent results were stronger than expected, with fiscal Q1 revenue of $43.84 billion and adjusted EPS of $4.86 beating estimates by a wide margin. The company pointed to especially strong demand in its infrastructure and AI-related businesses.
• AI demand is driving the outlook, as Dell said it has booked $24.4 billion in AI orders and raised expectations for AI-optimized server revenue. The stock jumped on the news and hit a new high near its 52-week range.

Dell Technologies (NYSE:DELL - Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 17.900-17.900 for the period, compared to the consensus earnings per share estimate of 12.900. The company issued revenue guidance of $165.0 billion-$169.0 billion, compared to the consensus revenue estimate of $143.4 billion. Dell Technologies also updated its Q2 2027 guidance to 4.800-4.800 EPS.

Dell Technologies Stock Performance

NYSE:DELL traded up $12.90 on Thursday, reaching $318.22. The company's stock had a trading volume of 21,478,584 shares, compared to its average volume of 8,128,556. The firm has a market cap of $205.49 billion, a PE ratio of 36.49, a PEG ratio of 1.12 and a beta of 0.99. The business's 50-day moving average price is $208.08 and its two-hundred day moving average price is $156.33. Dell Technologies has a 1-year low of $106.38 and a 1-year high of $327.73.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping the consensus estimate of $2.96 by $1.90. The company had revenue of $43.84 billion during the quarter, compared to analysts' expectations of $35.74 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. As a group, sell-side analysts expect that Dell Technologies will post 12.21 EPS for the current year.

Analysts Set New Price Targets

DELL has been the subject of several recent research reports. Bank of America upped their price objective on Dell Technologies from $246.00 to $280.00 and gave the stock a "buy" rating in a research report on Monday, May 18th. Citigroup upped their price objective on Dell Technologies from $180.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. UBS Group cut Dell Technologies from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $167.00 to $243.00 in a research report on Sunday, May 10th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $280.00 price objective on shares of Dell Technologies in a research report on Wednesday, May 20th. Finally, Barclays upped their price objective on Dell Technologies from $148.00 to $168.00 and gave the stock an "overweight" rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $211.32.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CFO David Alan Kennedy sold 19,500 shares of the company's stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $182.53, for a total value of $3,559,335.00. Following the sale, the chief financial officer owned 183,097 shares in the company, valued at $33,420,695.41. This represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey W. Clarke sold 116,000 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $182.48, for a total value of $21,167,680.00. Following the completion of the sale, the chief operating officer owned 1,687,414 shares in the company, valued at $307,919,306.72. This represents a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 3,571,688 shares of company stock valued at $576,654,105. Company insiders own 41.50% of the company's stock.

Key Headlines Impacting Dell Technologies

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: Dell reported fiscal Q1 revenue of $43.8 billion and adjusted EPS of $4.86, both well ahead of estimates, signaling stronger-than-expected demand and profitability. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: AI momentum was the standout: Infrastructure Solutions Group revenue jumped, AI-optimized server sales surged, and Dell said it booked $24.4 billion in AI orders, reinforcing the view that it is a key beneficiary of data-center spending. Dell raises annual forecasts as AI data center buildout fuels demand
• Positive Sentiment: Management raised its full-year revenue outlook to $165 billion-$169 billion and lifted its AI-optimized server revenue expectation, suggesting the current growth rate could persist longer than investors expected. Dell Raises Fiscal Year Outlook After Sales Soar 88%

Institutional Trading of Dell Technologies

Several institutional investors and hedge funds have recently bought and sold shares of DELL. Rossby Financial LCC raised its stake in Dell Technologies by 968.4% in the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company's stock valued at $26,000 after buying an additional 184 shares during the period. Kemnay Advisory Services Inc. bought a new stake in Dell Technologies in the fourth quarter valued at approximately $29,000. WealthCollab LLC raised its stake in Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company's stock valued at $31,000 after buying an additional 114 shares during the period. State of Wyoming bought a new position in shares of Dell Technologies during the second quarter worth approximately $33,000. Finally, Elkhorn Partners Limited Partnership increased its stake in shares of Dell Technologies by 50.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 300 shares of the technology company's stock worth $38,000 after purchasing an additional 100 shares during the period. Institutional investors own 76.37% of the company's stock.

About Dell Technologies

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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