Dell Technologies Inc. (DELL) is currently trading at $124.39 as of Tuesday, surpassing its 200-day simple moving average (SMA) of $111.24 and 50-day SMA of $110.77. This highlights an upward momentum with DELL shares gaining 8% year-to-date, compared to a 7% increase in the broader Zacks Computer and Technology sector.
In the first quarter of fiscal 2026, Dell saw a $12.1 billion increase in orders for AI-optimized servers, with shipments amounting to $1.8 billion. The AI server backlog is reported at $14.4 billion. Infrastructure Solutions Group (ISG) revenues grew by 12% to $10.31 billion year-over-year, aided by Dell’s multi-cloud solutions.
For Q2 FY26, revenues are projected to be between $28.5 billion and $29.5 billion, indicating a 16% year-over-year growth, with a Zacks Consensus Estimate of $29.14 billion. Expected non-GAAP earnings are around $2.25 per share, representing a growth of 15% at the midpoint.
