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Dell Technologies
S&P 500
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$298.4B
Market Cap
13.2
P/E
0.66
PEG
18.7%
ROCE
N/M
ROE
-12.75
D/E
7.2%
OPM
-6.2%
% from 52W High
97
α RS
🔍 DELL is showing a high-conviction setup because it matches 9 of 37 tracked screener presets, RS Rating is 97 (top decile vs market), and an ECS of 59.8 last quarter. Net: Broad signal stack, not a recommendation. ? Conviction RS Rating ECS
Sources
Conviction 9/37 · RS Rating 97 · ECS 59.8
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🌏 Global Investor Returns
Currency-adjusted total returns for DELL including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.

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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 721.6K $118.4M 0.19% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q1 2027
Revenue
$43.8B
+88% YoY
Operating Income
$4.2B
+154% YoY
Operating Margin
9.7%
+3.6pp YoY
Net Income
$3.2B
+194% YoY
What Went Right
  • AI server revenue of $16.1B (up 757% YoY) and orders of $24.4B drove backlog to $51.3B.
  • CSG revenue grew 17% to $14.6B with commercial up 18%, gaining share for second straight quarter.
  • Record cash flow from operations of $4.1B and returned $2.1B to shareholders.
What to Watch
  • Supply constraints, particularly memory (DRAM/NAND), are expected to persist through the year.
  • AI server mix continues to pressure gross margin rate (18.1% vs prior year).
  • Management flagged potential demand pull-forward from price increases and supply uncertainty.
Management Guidance
  • Q2 FY27 revenue expected between $44B and $45B (midpoint $44.5B, up ~49% YoY).
  • Q2 non-GAAP diluted EPS expected to be $4.80 at midpoint, up 107% YoY.
  • Full-year FY27 revenue raised to $165B-$169B (midpoint $167B, up ~47% YoY) with AI server revenue of $60B.
Investor Lens
The thesis is stronger after this call. Dell delivered record revenue and EPS, raised full-year guidance by $27B at the midpoint, and demonstrated robust AI demand across 5,000+ customers. Supply constraints are the primary bottleneck, not demand. The core business (traditional servers, storage, PCs) also showed healthy growth and margin discipline. Management expects to exit the year with meaningful AI backlog, supporting sustainability into next year. The raised guidance and strong cash generation reinforce Dell's ability to create shareholder value.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Record Q1 beats across all metrics; AI demand surges.
Revenue
Record revenue of $43.8B, up 88% YoY, driven by ISG (up 181% to $29.0B) and CSG (up 17% to $14.6B). AI server revenue of $16.1B grew 757% YoY.
Profitability
Non-GAAP net income of $3.2B, up 194% YoY, and EPS of $4.86, up 214% YoY, both record. GAAP EPS was $5.24, up 282%.
Margins
Non-GAAP gross margin rate was 18.1%, down YoY due to AI mix, but ex-AI gross margin improved. ISG operating margin expanded 80bps to 10.5%. CSG operating margin improved to 8.0% from 5.2%.
Balance Sheet
Cash flow from operations was a Q1 record $4.1B. Ended quarter with $14.1B in cash and investments. Core leverage ratio at 1.2x. Returned $2.1B to shareholders via buybacks and dividends.
Key Risks
Supply constraints on memory (DRAM/NAND) and CPUs are limiting upside and could persist through year. Pricing inflation may temper demand in transactional segments. Potential pull-forward could reduce second-half orders.
Outlook
Q2 FY27 revenue guided to $44B-$45B, with EPS ~$4.80. Full-year revenue raised to $165B-$169B and AI server revenue expected to be $60B, up 144% YoY.
Generated by AI · Q1 2027 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q1 2027 Q1 2027 2026-05-28
Record Q1 results with revenue up 88% and EPS up 214%, driven by strong AI and server demand. Full-year guidance raised by $27 billion as demand outpaces supply, with robust pipelines and continued capital returns.
Q4 2026 Q4 2026 2026-02-26
Record FY26 results with 19% revenue and 27% EPS growth, driven by surging AI demand and strong execution. FY27 guidance calls for 23% revenue growth, $50B in AI revenue, and continued margin discipline amid tight supply and rising input costs.
Q3 2026 Q3 2026 2025-11-25
Record Q3 revenue and EPS driven by strong AI server demand, robust ISG and CSG growth, and disciplined cost management. AI orders and backlog reached new highs, with continued momentum expected into Q4 and FY2026.
Q2 2026 Q2 2026 2025-08-28
Record Q2 revenue and EPS were driven by strong AI server demand and operational efficiencies. Full-year guidance was raised for both revenue and EPS, with profitability expected to improve in the second half, especially in AI and storage.
Q1 2026 Q1 2026 2025-05-29
Revenue grew 5% to $23.4B, driven by record AI server demand and strong commercial PC growth. EPS rose 17%, and $2.4B was returned to shareholders. FY26 guidance was reiterated, with AI momentum and a robust backlog supporting optimism.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Information Sources:
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