Dell Technologies (DELL) stock
Information Technology · Technology Hardware, Storage & Peripherals
Dell Technologies (DELL) is a Technology Hardware, Storage & Peripherals company in the Information Technology sector, headquartered in Round Rock, Texas. As of October 23, 2026, DELL closed at $456.44, a market capitalization of $290.21 billion, the 38th largest company in the S&P 500. Over the last twelve months it generated $151.20 billion in revenue (+58% year over year) and $8.56 billion in free cash flow. The stock trades at 26.5x trailing earnings and 15.3x forward earnings.
- 1-year total return: +199.1% (dividends reinvested)
- 5-year return: +54.0% a year
- 52-week range: $110.22 – $595.51
- Gross margin 19.9%, operating margin 12.0%
- Dividend yield: 0.55%, 3 straight years of increases
- FI Handbook report card: B- across 9 metrics
- 13th largest of 75 Information Technology stocks in the S&P 500
DELL price chart
1Y price change: +195.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| DELL | -16.9% | +266.4% | +199.1% | +93.8% | +54.0% | +43.9% | +44.2% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2016.
DELL key statistics
- Market cap
- $290.2B
- #38 in S&P 500
- P/E (TTM)
- 26.5x
- Forward P/E
- 15.3x
- EPS (TTM)
- $17.20
- Revenue (TTM)
- $151.2B
- +58%
- Free cash flow
- $8.6B
- Gross margin
- 19.9%
- Operating margin
- 12.0%
- Return on equity
- —
- Dividend yield
- 0.55%
- 52-week range
- $110.22 – $595.51
- Beta
- 1.44
- Price / sales
- 1.9x
- EV / EBITDA
- 17.7x
- Debt / equity
- —
- Employees
- 97,000
DELL report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth57.7%A
- Gross margin19.9%D
- Operating margin12.0%C
- FCF margin5.7%D
- Return on equity——
- Net debt / EBITDA1.3xC
- Forward P/E15.3xB
- PEG ratio0.7xA
- Shareholder yield2.6%C
- Share count change / yr-2.3%A
Dell Technologies financials
Revenue went from $62.2B in fiscal 2017 to $113.5B in fiscal 2026, growing 6.9% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $62.2B | $79.0B | $90.6B | $84.8B | $86.7B | $101.2B | $102.3B | $88.4B | $95.6B | $113.5B |
| Gross profit | $13.6B | $20.5B | $25.1B | $20.6B | $20.1B | $21.9B | $22.7B | $21.1B | $21.3B | $22.7B |
| Operating income | -$2.4B | -$2.4B | -$191.0M | $2.4B | $3.7B | $4.7B | $5.8B | $5.4B | $6.2B | $8.1B |
| Net income | -$1.2B | -$2.8B | -$2.3B | $4.6B | $3.3B | $5.6B | $2.4B | $3.4B | $4.6B | $5.9B |
| EPS (diluted) | — | — | — | $3.06 | $2.14 | — | $3.24 | $4.60 | $6.38 | $8.68 |
| Free cash flow | $1.7B | $5.6B | $5.5B | $6.7B | $9.3B | $7.5B | $562.0M | $5.9B | $1.9B | $8.6B |
| Buybacks | $611.0M | $724.0M | $14.1B | $8.0M | $241.0M | $1.5B | $2.9B | $2.1B | $2.6B | $6.0B |
| Dividends paid | $0 | $0 | $2.1B | $0 | $0 | $0 | $964.0M | $1.1B | $1.3B | $1.5B |
| Diluted shares | — | — | — | 751.0M | 767.0M | 791.0M | 753.0M | 736.0M | 720.0M | 684.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into DELL?
A reverse DCF asks what growth the current price requires. With an enterprise value of $313.9B and $8.6B of trailing free cash flow, Dell Technologies needs to grow free cash flow about 26.2% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -1.7% a year over the last five years.
P/E ratio history
Current 52.6x vs. median 21.8x (10th–90th percentile 11.4x–30.0x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
DELL dividend
- Dividend yield
- 0.55%
- Annual dividend
- $2.52
- Years of increases
- 3
- 5-yr dividend growth
- —
- per year
- Payout ratio
- 13%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
DELL earnings
Next report: November 27, 2026. Dell Technologies has beaten EPS estimates 5 quarters in a row. Last quarter's revenue was $47.0B (+58% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Sep 1, 2026 | $4.92 | $7.04 | +43.1% |
| May 28, 2026 | $2.96 | $4.86 | +64.0% |
| Feb 26, 2026 | $3.51 | $3.89 | +10.7% |
| Nov 25, 2025 | $2.48 | $2.59 | +4.5% |
| Aug 28, 2025 | $2.29 | $2.32 | +1.2% |
| May 29, 2025 | $1.69 | $1.55 | -8.4% |
| Feb 27, 2025 | $2.52 | $2.68 | +6.4% |
| Nov 26, 2024 | $2.06 | $2.15 | +4.3% |
Stocks like DELL
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 AAPL Apple | -0.14% | +34% | $5.1T | 39.9x | Compare |
 SNDK Sandisk | -1.82% | +641% | $178.9B | 16.8x | Compare |
 STX Seagate Technology | -1.81% | +180% | $143.4B | 45.4x | Compare |
 WDC Western Digital | -2.97% | +174% | $128.6B | 12.1x | Compare |
 HPE Hewlett Packard Enterprise Comp | +2.20% | +149% | $75.3B | 29.2x | Compare |
 NTAP NetApp | +1.40% | +86% | $42.3B | 30.4x | Compare |
 P Everpure | +1.76% | +32% | $41.1B | 168.9x | Compare |
 HPQ HP | -0.36% | +27% | $30.3B | 12.8x | Compare |
DELL news
- Broadcom vs. Dell Technologies: Which Stock Is AI Powering to Be a Better Buy in 2026? · Oct 24, 2026
- PC Sales Just Crashed 21% as AI Eats the World’s Memory Chips · Oct 24, 2026
- Hewlett Packard Enterprise Climbs 4% While AI Server Peers Lag; Dell Rises 2%, Super Micro Unchanged · Oct 23, 2026
- DELL vs. APLD: Which AI-Infrastructure Stock Looks More Attractive? · Oct 23, 2026
- Texas Athletics and McCombs School of Business Launch New Bevo Lab, Bringing Together Sports, AI and Analytics · Oct 23, 2026
DELL stock FAQ
What is DELL's market cap?
Dell Technologies's market capitalization is $290.21 billion as of October 23, 2026, ranking 38th in the S&P 500.
What is DELL's P/E ratio?
DELL trades at a trailing price-to-earnings ratio of 26.5x and a forward P/E of 15.3x. Its median P/E over the period we track is 21.8x.
Does DELL pay a dividend?
Yes. Dell Technologies pays $2.52 per share a year, a 0.55% yield. It has raised its dividend 3 years in a row.
How much has DELL stock returned?
Including reinvested dividends, DELL returned +199.1% over one year, +54.0% a year over five years, +43.9% a year over ten years through October 23, 2026.
Is DELL stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Dell Technologies must grow free cash flow about 26% a year for the next decade. Its free cash flow fell 2% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does DELL report earnings?
Dell Technologies is expected to report earnings on November 27, 2026. It has beaten EPS estimates 5 quarters in a row.
How many employees does Dell Technologies have?
Dell Technologies has about 97,000 full-time employees, or $1.6 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology