Dell Technologies Inc. (DELL)
Information Technology · Technology Hardware, Storage & Peripherals · US stock · S&P 500 component
$451.71
▼ -21.68 (4.58%)
Fair valueOvervalued
$318 −29.6% to fair value
$159fair band $191–$445$477
Day's range
$450.00 – $473.50
52-week range
$109.70 – $595.51
Red flags⚠ Negative equity
About Dell Technologies Inc.
Dell Technologies sells computers, servers, storage systems and networking equipment, along with related software and services, to consumers, businesses and governments. Its client solutions group covers desktops, laptops and monitors, while its infrastructure group supplies data centre hardware, including systems designed for artificial intelligence workloads. It earns money from hardware sales, support contracts and financing, and sells directly and through partners.
Over the latest twelve months the company reported revenue of $151.2 billion, with growth of 3.5% a year across three years. It reports an operating margin of 9.4%, with return on invested capital of 53%. Leverage, measured as net debt to EBITDA, is 1.4 times. A dividend is paid, with a yield of 0.5%. Overall, it receives an X-Ray Score of 51 out of 100. The figures are a snapshot of reported results rather than a forecast.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $109.70 – $595.51Volume 8,416,299Daily, split-adjusted
Vitals
Market cap$294.5B
52-week range$109.70 – $595.51
Volume (last day)8,416,299
P/E (TTM)26.5
EBIT / EV yield4.5%
Free-cash-flow yield2.9%
Dividend yield0.5%
Revenue (TTM)$151.2B
Net income (TTM)$11.4B
Operating margin9.4%
Return on capital52.7%
Debt incl. leases$35.3B
Cash & securities$11.6B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$318model spread $303 – $332
Overvalued
−29.6% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.56x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $452
Undervalued < $191Fair $191 – $445Overvalued > $445
10-year DCF (market-scaled)
$341
Peer multiples
$313
Earnings power floor (not blended)
$73
Fundamentals-adjusted multiple
$300
Growth the price implies
18.3%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Fair
51/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield4.5%
Free-cash-flow yield2.9%
Fair value vs price0.7×
Growth
Strong
73/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)3.5%
EPS growth (3y)38.9%
Growth consistency100%
Profitability
Fair
52/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital52.7%
Operating margin9.4%
Gross profitability23.5%
Financial health
Weak
29/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA1.4×
Interest cover8.9×
Dividends
Fair
52/100
Dividend is typical for its sector.
See the numbers →
Dividend yield0.5%
Dividends vs free cash flow18%
Dividend growth14.8%
Quarterly results: last 6 quarters
+5.1%
May '25
+19.0%
Aug '25
+10.8%
Oct '25
+39.5%
Jan '26
+87.5%
May '26
+57.7%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $47.0B, diluted EPS $6.34.
Compare with peers
SNDK Sandisk Corp77 NTAP NetApp, Inc.62 AAPL Apple Inc.55 WDC Western Digital Corp55Other Technology Hardware, Storage & Peripherals companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 4 Average · ● 7 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Bad
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Bad
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceAverage
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginBad
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 47/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $101.2B | $102.3B | $88.4B | $95.6B | $113.5B |
| Operating income | $4.7B | $5.8B | $5.4B | $6.2B | $8.1B |
| Net income | $5.7B | $2.4B | $3.4B | $4.6B | $5.9B |
| Operating cash flow | $10.3B | $3.6B | $8.7B | $4.5B | $11.2B |
| Operating margin | 4.6% | 5.6% | 6.1% | 6.5% | 7.2% |
| Free cash flow | $7.5B | $562M | $5.9B | $1.9B | $8.6B |
| Diluted EPS | – | $3.24 | $4.60 | $6.38 | $8.68 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
6 bullish · 1 neutral · 9 bearish
Weekly
Bullish
7 bullish · 1 neutral · 4 bearish
Monthly
Strongly bullish
7 bullish · 0 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 544.8 | Bearish |
| EMA 10 | 525.8 | Bearish |
| SMA 20 | 547.3 | Bearish |
| EMA 20 | 535.3 | Bearish |
| SMA 50 | 513.3 | Bearish |
| EMA 50 | 510.5 | Bearish |
| SMA 100 | 462.9 | Bearish |
| EMA 100 | 451.6 | Bullish |
| SMA 200 | 313.5 | Bullish |
| EMA 200 | 361.0 | Bullish |
Oscillators (daily)
| RSI (14) | 33.24 | Neutral |
| MACD (12, 26) | -3.05 | Bearish |
| Momentum (12) | -16.03 | Bearish |
| Stochastic %K (14) | 1.18 | Bullish |
| Williams %R (14) | -98.82 | Bullish |
| CCI (20) | -258.6 | Bullish |
Pivot points (classic, last session)
S3 419.8 | S2 434.9 | S1 443.3 | Pivot 458.4 | R1 466.8 | R2 481.9 | R3 490.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.31 USD
Yield on today's price
0.51%
Frequency
Quarterly
Next ex-dividend date
20 Oct 2026
| Ex-dividend date | Amount per share |
|---|---|
| 20 Oct 2026 (upcoming) | 0.6300 |
| 21 Jul 2026 | 0.6300 |
| 21 Apr 2026 | 0.6300 |
| 20 Jan 2026 | 0.5250 |
| 21 Oct 2025 | 0.5250 |
| 22 Jul 2025 | 0.5250 |
| 22 Apr 2025 | 0.5250 |
| 22 Jan 2025 | 0.4450 |
| 22 Oct 2024 | 0.4450 |
| 23 Jul 2024 | 0.4450 |
| 22 Apr 2024 | 0.4450 |
| 22 Jan 2024 | 0.3700 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
DELL SEC filings
15 Sep 2026
8-KSEC EDGAR
Entered a material agreement
10 Sep 2026
8-KSEC EDGAR
Other events
8 Sep 2026
10-QSEC EDGAR
Quarterly report
1 Sep 2026
8-KSEC EDGAR
Results of operations
6 Jul 2026
8-KSEC EDGAR
Current report
1 Jul 2026
8-KSEC EDGAR
Shareholder vote results; Other events
17 Jun 2026
8-KSEC EDGAR
Current report
16 Jun 2026
8-KSEC EDGAR
Entered a material agreement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.