Reading the tape
NYSE: DELL
Dell Technologies Inc.
Technology · Computer Hardware
Market Cap
$141.84B
52w High
$221.50
52w Low
$92.53
P/E
23.07
Volume
2.99M
Outstanding Shares
675.00M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 128.57%Revenue (TTM): 18.96%FCF (TTM): 357.57%P/FCF: 76th pct
What changed
The stock rose 128.57% over the last year. Revenue grew 18.96% over the trailing twelve months. Operating margin moved from 6.43% to 7.22%. Free cash flow grew 357.57% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (76th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 7.22% — continued expansion would be needed to justify the premium. Revenue growth of 18.96% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide.
CEOMichael Saul Dell
SectorTechnology
IndustryComputer Hardware
Employees108,000
IPO dateAug 17, 2016
Valuation
Forward P/E—
EV/EBITDA8.08
Enterprise value$95.81B
Stock splits
Nov 2, 2021↑ Forward
Every 1000 shares became 1973
Dec 28, 2018↑ Forward
Every 500 shares became 903
Profitability & growth
Revenue growth40.21%
Gross margin20.11%▼10.06%vs FY2025
Operating margin7.22%▲13.98%vs FY2025
ROE-240.32%▲22.44%vs FY2025
Analyst consensus
RatingBuy
Target price$168.50▼19.81%
26
Buy
14
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 28, 2026
Q2 FY26 · EPS est $2.94 · Revenue est $34.81B
View
Dividends
$2.21/shareQuarterly3yr growth streakSafeDELL pays a dividend with a 1.05% dividend yield, 3 consecutive years of growth, growing at 17.48% annually, covered 5.9× by free cash flow.
Dividend Yield
1.05%
Annual Div / Share
$2.21
3yr CAGR
+17.48%
Doubles every ~4.3yr
Payout Ratio
24.58%
Safe
Dividend Growth Rate
3yr CAGR
+17.48%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$2.21+18.5%
2025$1.86+19.6%
2024$1.55+14.3%
2023$1.36—
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$10/yr
$1/mo
In 5 yrs
$18/yr+76%
$2/mo
In 10 yrs
$33/yr+211%
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$10/yr $1/mo | $18/yr+76% $2/mo | $33/yr+211% $3/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 1.05% → 3.26% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 5.9× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in DELL
STOCK Act disclosures from senators and representatives.
Markwayne Mullin
OKsenateSaleJoint2026-02-04$15,001 - $50,000+26d to discloseMarkwayne Mullin
OKsenateSale (Full)Spouse2025-12-18$15,001 - $50,000+25d to discloseMarkwayne Mullin
OKsenateSale (Full)Self2025-12-18$15,001 - $50,000+25d to discloseMarkwayne Mullin
OKsenateSaleSpouse2025-12-18$15,001 - $50,000+26d to discloseMarkwayne Mullin
OKsenateSaleSelf2025-12-18$15,001 - $50,000+26d to disclose