DELLDell Technologies
- Next report
- Nov 24
- Tuesday, in 12 days · after the market closes
- EPS expected
- $6.41
- quarter ending Oct 31, 2026
- Last result
- $4.86Beat
- vs $2.99 expected on May 28
- Stock move on it
- +32.76%
- one session
- Price
- $371.36
- −0.62% today · $239B cap
Past and upcoming reports
2
| Nov 24, 2026 | Oct 31, 2026 | After the market closes | $6.41 | not yet | |
| May 28, 2026 | Apr 30, 2026 | After the market closes | $2.99 | Beat$4.86 | +32.76% |
Pre-earnings read
No pre-earnings read for this report
None for this company right now.
After the report
May 28, 2026 report
Dell Technologies beats EPS estimates by 64% on strong AI and cloud demand
Dell reported Q2 EPS of $4.86 versus $2.96 estimated, a 64% beat driven by AI backlog and cloud demand. The stock rose 5.8% post-earnings, reflecting optimism despite trading above analyst targets. Investors should monitor upcoming revenue and margin trends tied to the $9.69B DoD contract and AI infrastructure spending.
Reported against expected
Dell reported Q2 EPS of $4.86, beating the consensus estimate of $2.96 by 63.99%.
Guidance
Management highlighted a $9.69 billion DoD blanket purchase agreement supporting Microsoft licenses and cloud services, signaling strong backlog growth.
How the stock reacted
The stock gained 5.85% on the day of the earnings release, closing at $391.45, above the analyst target price of $431.22.
What changed
Q2 EPS beat estimates by 64% on AI backlog and cloud demand, stock rose 5.8%.
What the price now assumes
Market rallies on strong EPS beat and DoD contract, despite valuation near analyst targets.
What it means for the business
Upgrade bias. watch Q3 revenue and margin trends linked to AI infrastructure and DoD contract execution.
The next one to three months, as we saw it then
Better case40%
Sustained AI and cloud demand drives revenue and margin expansion, validating backlog conversion.
Base case45%
Growth continues but at a moderated pace. backlog converts steadily without margin inflection.
Worse case15%
AI spending slowdown and DoD contract issues cause revenue and margin declines.
If you hold it
Hold unless next-quarter revenue misses guidance materially or customer concentration risk worsens.
If you are watching
Add only if next-quarter guidance is reiterated or raised. avoid if guidance is cut or geopolitical risk escalates.
Scenario odds are a judgement, not measured.