Dell Technologies (DELL) is trading down at $473.39 (-6.80%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
Current price targets from 7 firms average $591, median $574, ranging from $505 to $650 — the average is 25% above the current $473. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2017Feb 2017 | FY2018Feb 2018 | FY2019Feb 2019 | FY2020Jan 2020 | FY2021Jan 2021 | FY2022Jan 2022 | FY2023Feb 2023 | FY2024Feb 2024 | FY2025Jan 2025 | FY2026Jan 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $62.2B | $79.0B | $90.6B | $84.8B | $86.7B | $101.2B | $102.3B | $88.4B | $95.6B | $113.5B |
| Growth (year over year) | +22.1% | +27.1% | +14.7% | −6.4% | +2.2% | +16.8% | +1.1% | −13.6% | +8.1% | +18.8% |
| Gross profit | $13.6B | $20.5B | $25.1B | $20.6B | $20.1B | $21.9B | $22.7B | $21.1B | $21.3B | $22.7B |
| Gross margin | 22.0% | 26.0% | 27.6% | 24.3% | 23.2% | 21.6% | 22.2% | 23.8% | 22.2% | 20.0% |
| Operating income | −$2.39B | −$2.42B | −$191.0M | $2.37B | $3.69B | $4.66B | $5.77B | $5.41B | $6.24B | $8.15B |
| Operating margin | −3.8% | −3.1% | −0.2% | 2.8% | 4.3% | 4.6% | 5.6% | 6.1% | 6.5% | 7.2% |
| Net income | −$1.17B | −$2.85B | −$2.31B | $4.62B | $3.25B | $5.56B | $2.44B | $3.39B | $4.59B | $5.94B |
| Net margin | −1.9% | −3.6% | −2.5% | 5.4% | 3.7% | 5.5% | 2.4% | 3.8% | 4.8% | 5.2% |
| EPS (diluted) | — | — | — | $6.03 | $4.22 | — | $3.24 | $4.60 | $6.38 | $8.68 |
| Balance sheet | ||||||||||
| Cash and equivalents | $9.47B | $13.9B | $9.68B | $9.30B | $9.51B | $9.48B | $8.61B | $7.37B | $3.63B | $11.5B |
| Total assets | $118.2B | $124.2B | $111.8B | $118.9B | $123.4B | $92.7B | $89.6B | $82.1B | $79.7B | $101.3B |
| Total liabilities | $99.0B | $106.3B | $111.6B | $115.1B | $115.4B | $94.3B | $92.6B | $84.3B | $81.1B | $103.8B |
| Long-term debt | $43.1B | $44.0B | $49.2B | $44.3B | $32.9B | $21.1B | $23.0B | $19.0B | $19.4B | $23.5B |
| Shareholders' equity | $13.2B | $11.7B | −$5.76B | −$1.57B | $2.48B | −$1.69B | −$3.12B | −$2.23B | −$1.48B | −$2.47B |
| Cash flow | ||||||||||
| Operating cash flow | $2.37B | $6.84B | $6.99B | $9.29B | $11.4B | $10.3B | $3.56B | $8.68B | $4.52B | $11.2B |
| Capital expenditure | $699.0M | $1.21B | $1.50B | $2.58B | $2.08B | $2.80B | $3.00B | $2.76B | $2.65B | $2.63B |
| Free cash flow | $1.67B | $5.63B | $5.49B | $6.71B | $9.32B | $7.51B | $562.0M | $5.92B | $1.87B | $8.55B |
| Dividends paid | $0 | $0 | $2.13B | $0 | $0 | $0 | $964.0M | $1.07B | $1.27B | $1.46B |
| Share buybacks | $611.0M | $724.0M | $14.1B | $8.00M | $241.0M | $1.50B | $2.88B | $2.08B | $2.59B | $6.01B |
| Q3 FY25Nov 2024 | Q4 FY25†Jan 2025 | Q1 FY26May 2025 | Q2 FY26Aug 2025 | Q3 FY26Oct 2025 | Q4 FY26†Jan 2026 | Q1 FY27May 2026 | Q2 FY27Jul 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $24.4B | $23.9B | $23.4B | $29.8B | $27.0B | $33.4B | $43.8B | $47.0B |
| Growth (year over year) | +9.5% | +7.2% | +5.1% | +19.0% | +10.8% | +39.5% | +87.5% | +57.7% |
| Gross profit | $5.36B | $5.68B | $4.94B | $5.45B | $5.59B | $6.73B | $7.78B | $9.83B |
| Gross margin | 22.0% | 23.7% | 21.1% | 18.3% | 20.7% | 20.2% | 17.8% | 20.9% |
| Operating income | $1.72B | $2.16B | $1.17B | $1.77B | $2.12B | $3.09B | $3.66B | $5.38B |
| Operating margin | 7.1% | 9.0% | 5.0% | 6.0% | 7.8% | 9.3% | 8.3% | 11.5% |
| Net income | $1.18B | $1.53B | $965.0M | $1.16B | $1.55B | $2.26B | $3.44B | $4.13B |
| Net margin | 4.8% | 6.4% | 4.1% | 3.9% | 5.7% | 6.8% | 7.8% | 8.8% |
| EPS (diluted) | $1.64 | $2.14 | $1.37 | $1.70 | $2.28 | $3.33 | $5.24 | $6.34 |
| Balance sheet | ||||||||
| Cash and equivalents | $5.22B | $3.63B | $7.70B | $8.14B | $9.57B | $11.5B | $11.6B | $11.6B |
| Total assets | $82.0B | $79.7B | $86.9B | $89.2B | $87.5B | $101.3B | $114.9B | $127.4B |
| Total liabilities | $84.1B | $81.1B | $89.9B | $91.9B | $90.1B | $103.8B | $116.3B | $128.8B |
| Long-term debt | $19.4B | $19.4B | $23.9B | $21.5B | $23.8B | $23.5B | $23.6B | $26.0B |
| Shareholders' equity | −$2.29B | −$1.48B | −$3.02B | −$2.77B | −$2.62B | −$2.47B | −$1.40B | −$1.43B |
| Cash flow | ||||||||
| Operating cash flow | $1.55B | $585.0M | $2.80B | $2.54B | $1.17B | $4.67B | $4.08B | $2.23B |
| Capital expenditure | $639.0M | $735.0M | $568.0M | $675.0M | $669.0M | $721.0M | $963.0M | $1.24B |
| Free cash flow | $914.0M | −$150.0M | $2.23B | $1.87B | $503.0M | $3.95B | $3.12B | $986.0M |
| Dividends paid | $312.0M | $311.0M | $396.0M | $366.0M | $351.0M | $346.0M | $464.0M | $405.0M |
| Share buybacks | $429.0M | $734.0M | $1.98B | $940.0M | $1.25B | $1.85B | $1.63B | $3.80B |
From Dell Technologies's 10-K and 10-Q filings with the SEC; its fiscal year ends in January. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Dell Technologies Inc. is an American multinational technology company that has been headquartered in Round Rock, Texas, since 1994. It was formed as a result of the September 2016 merger of Dell Inc. and EMC Corporation. Dell Technologies ranked 44th on the 2025 Fortune 500 rankings of the largest United States corporations based on its 2024 revenue; its products include personal computers, servers, monitors, computer software, computer security and network security, as well as information security services.
Source: Wikipedia — Dell Technologies