Dell Technologies Inc.

New York Stock Exchange
Back to all articles
Bullish +65

Dell Technologies stock falls 4.59 percent after record high

AI infrastructure Earnings report Guidance raised AI-generated analysis

📉 Dell Technologies stock fell 4.59% to close at $548.92 on September 22, 2026, after hitting a 52-week high of $595.51.

💰 The company reported Q2 fiscal 2027 quarterly revenue of $46.97 billion, up 57.7% from the same quarter last year.

📈 Earnings per share reached $7.04, exceeding the consensus estimate of $4.91 by $2.13.

🤖 AI-server revenue hit $16.4 billion in the latest quarter, approximately double the level from the prior year.

🚀 Dell raised its fiscal 2027 revenue guidance to $192 billion and increased AI-server revenue guidance to $74 billion.

📊 The company's market capitalization stood at approximately $349.70 billion with trading volume above the average.

🎯 Analysts hold a Moderate Buy consensus with an average price target of $560.72, 2.15% above the current close.

Bullish Signals
  • Dell Technologies reported quarterly revenue of $46.97 billion in Q2 fiscal 2027, a massive 57.7% increase year-over-year.
  • Earnings per share surged to $7.04, significantly beating the consensus estimate of $4.91 and growing from $1.70 the prior year.
  • AI-server revenue reached $16.4 billion in the latest quarter, doubling the prior year's level as the company pivots to high-growth infrastructure.
  • Management raised fiscal 2027 revenue guidance to $192 billion and lifted AI-server revenue guidance to $74 billion, signaling strong demand.
  • Trading volume of 9.6 million shares exceeded the reported average, indicating sustained investor interest despite the daily price decline.
Risk Factors
  • Shares declined 4.59% on September 22, 2026, closing at $548.92, which remains 7.84% below the recent 52-week high of $595.51.
Full Analysis
Dell Technologies Inc. shares declined 4.59% to close at $548.92 on the NYSE on September 22, 2026, following a record high of $595.51 reached earlier in the week. Despite the daily price pullback, the company reported robust financial performance for its second quarter of fiscal 2027, with quarterly revenue surging to $46.97 billion, representing a 57.7% year-over-year increase. The earnings per share (EPS) for the quarter reached $7.04, significantly beating the consensus estimate of $4.91 and showing substantial growth from the prior year's $1.70. This strong operational result provided a concrete counterweight to the stock price movement, as the market digested the company's aggressive expansion into artificial intelligence infrastructure. Dell raised its fiscal 2027 revenue guidance to $192 billion and specifically lifted AI-server revenue guidance to $74 billion, highlighting that AI infrastructure now accounts for approximately double the prior year's level in quarterly revenue. Analysts maintain a Moderate Buy consensus with an average price target of $560.72, suggesting the market is weighing whether this high-growth trajectory justifies the company's current premium valuation multiple.