Dell Technologies Inc. (DELL)
NYSE · Technology · analysed October 12, 2026
Founded in 1984, Dell Technologies Inc. is a global technology company that designs, develops, and distributes enterprise IT infrastructure, data storage platforms, networking systems, and personal computing devices. The company operates primarily through its Client Solutions Group for personal computers and its Infrastructure Solutions Group for enterprise hardware and multi-cloud platforms. Currently, Dell is focused on scaling its enterprise artificial intelligence portfolio, driven by high-performance PowerEdge AI servers, the Dell AI Factory ecosystem, and modern data center and storage solutions.
Executive summary
Dell Technologies has experienced rapid expansion in enterprise artificial intelligence infrastructure, increasing its AI server market share to 17% and raising full-year FY2027 revenue guidance to $192.0 billion on the back of a $95 billion backlog3,20,24. Following a 257.9% share price gain over the past year, current valuation levels of 20.41x forward earnings and trading levels above the average analyst price target indicate that much of this acceleration is already reflected in market prices1,18. Ongoing memory cost inflation and utility power bottlenecks create delivery and margin uncertainties against strong operational demand4,23.
Sources cited here, 7 of 36
- 1marketbeat.com
- 3stocktitan.net
- 4perplexity.ai
- 18marketbeat.com
- 20businesswire.com
- 23perplexity.ai
- 24mlq.ai
Key figures
- Market cap
- $372.6B
- P/E, trailing
- 34.0
- P/E, next 12 months
- 20.4
- Revenue growth, last fiscal year
- 18.8%
- Net margin, last fiscal year
- 5.2%
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