Dell Technologies Inc. (DELL) Stock

Dell Technologies Inc. (DELL) is a Technology stock trading at $396.94 (as of 2026-07-17), with a market capitalization of $257.61B and a trailing P/E of 30.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers. This segment also offers networking products and services that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences, and accelerate business applications and processes; attached software and peripherals; and support and deployment, configuration, and extended warranty services. The CSG segment provides desktops, workstations, and notebooks; displays and projectors; attached and third-party software and peripherals, as well as support and deployment, configuration, and extended warranty services. The VMware segment supports customers in the areas of hybrid and multi-cloud, modern applications, networking, security, and digital workspaces, helping customers to manage IT resource across private clouds and complex multi-cloud, multi-device environments. Dell Technologies Inc. also provides information security; and cloud software and infrastructure-as-a-service solutions that enable customers to migrate, run, and manage mission-critical applications in cloud-based IT environments. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in August 2016. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.

Understand Dell Technologies Inc.: how it makes money

Dell Technologies designs, develops, manufactures, markets, and supports IT solutions, including storage, servers, and networking, plus VMware, and it sells these products and services through its ISG and CSG segments.

Because Dell’s largest segment revenue comes from Infrastructure Solutions Group (servers, storage, and networking, including AI optimized servers), its results are structurally most sensitive to customer demand for enterprise infrastructure modernization and AI server deployments.

Revenue by segment (latest quarter)
ISG$29.0B
CSG$14.6B

Business quality (Mixed): Segment revenue and a focused AI server operating metric are available, but VMware segment details are not provided in the inputs, limiting full visibility into the complete profit picture.

Valuation: At 33× earnings, DELL trades in line with the Tech Hardware average (32×). Note: one-time items can distort reported P/E.

Bull case

  • AI-optimized servers revenue is separately highlighted: The company has an identifiable AI server revenue line item (AI-optimized servers revenue), which can help investors track performance in a high priority infrastructure area.
  • ISG is the largest disclosed revenue contributor: Infrastructure Solutions Group revenue is the biggest portion of the provided segment mix, and ISG includes servers, storage, and networking products and services tied to infrastructure transformation.

Bear case

  • Concentration in infrastructure spending cycles: With most provided revenue tied to ISG (servers, storage, and networking), results may be pressured if enterprise infrastructure and AI server demand weakens.
  • Hardware and systems execution risk: Dell sells and supports IT products across storage, servers, and networking, so performance can be affected by customer refresh timing, product demand shifts, and competitive dynamics in these markets.
Valuation — source: SEC EDGAR (first-party)
Price$396.94
Market Cap$257.61B
P/E Ratio30.6
EV / EBITDA20.2
Price / Sales1.92
FCF Yield3.7%
DCF Value (model)$97.72
DCF Upside vs Price-75.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$113.54B
Net Margin5.2%
Revenue Growth (YoY)87.5%
EPS Growth (YoY)281.3%
FCF Growth (YoY)39.9%
Financial Health — source: SEC EDGAR
Altman Z-Score2.86 (grey)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E30.6
Sector P/E (Technology)34.7
Industry P/E (Computers)30.9
vs Sector-11.7%
vs Industry-0.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($4.06B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryComputers
CEOMichael Saul Dell
Employees108,000
CountryUS
IPO Date2016-08-17

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DELL earnings history · DELL institutional & insider holders · DELL KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.