Dell Technologies
Dell Q2 Earnings Estimates
Analysts expect Dell to report second-quarter revenue of $44.95 billion, up from $29.78 billion in last year's second quarter, according to data from Benzinga Pro.
The company has beaten analyst estimates for revenue in two straight quarters and in seven of the past 10 quarters overall.
Estimates for $44.95 billion would see Dell beat its quarterly record of $43.84 billion set in the first quarter.
Analysts expect Dell to report second-quarter earnings per share of $4.91, up from $2.32 in last year's second quarter.
The company has beaten analyst estimates for earnings per share in four straight quarters and in nine of the past 10 quarters overall.
Dell Analyst Ratings and Price Targets
Here are some of the most recent analyst ratings on Dell stock and their price targets:
- BofA Securities: Maintained Buy rating, raised price target from $500 to $505
- UBS: Maintained Neutral rating, raised price target from $440 to $455
- Morgan Stanley: Maintained Equal-Weight rating, raised price target from $430 to $434
- Evercore ISI: Maintained Outperform rating, raised price target from $500 to $550
- Wells Fargo: Maintained Overweight rating, raised price target from $505 to $545
Dell comes into the earnings report as one of the top-gaining stocks in the S&P 500 with shares up 264% year-to-date. Despite the strong gain, shares are down around 9% from their all-time highs, providing some upside to get to new highs.
The stock is also one of the most talked-about technology names thanks to several shout-outs from President Donald Trump earlier this year, shout-outs that preceded government contracts and the stock's significant rise.
It's not just the president helping Dell.
The company reported record first-quarter revenue of $43.84 billion, which was up 88% year-over-year. Dell saw its Traditional Servers and Networking segment revenue up 92% year-over-year and AI-Optimized Servers revenue up 757% year-over-year.
In the first quarter, the company booked $24.4 billion in AI orders, which led to raising AI server expectations for the full year.
Analysts and investors will be looking at these key figures of how much AI server revenue was recognized in the second quarter, how many bookings there were and whether the segment is being raised again.
While the company raised its AI expectations, Dell also raised full-year revenue and earnings per share estimates. Given the high expectations for the quarter, Dell may need another beat and raise quarter to keep the shares trading this much higher on the year.
Recent earnings reports from large-cap technology names and those associated with the AI sector have been strong, putting a big spotlight on Dell and the others who are yet to report.
With high expectations comes the potential for shares getting hit hard on a miss or failure to raise estimates. Likewise, a strong beat and raise could see shares test all-time highs again.
Dell Stock Price Action
Dell stock is up 1.48% to $462.09 on Monday versus a 52-week trading range of $110.22 to $514. Dell stock is up 263.9% year-to-date in 2026.
