TLDR
- Dell (DELL) stock fell about 11% on Friday and traded at $415.47.
- Intel CEO Lip-Bu Tan expects global PC shipments to drop 12% in 2026 and 10% in 2027.
- Third-quarter PC shipments fell 20.1% to 21% from a year earlier, and Dell’s fell 25%.
- Intel expects the weakness to last through at least the first half of 2027.
- Dell is still up 225% this year but sits 29% below its 52-week high of $588.40.
Dell (DELL) stock fell about 11% on Friday and traded at $415.47. The drop followed a warning from Intel (INTC) about PC demand.
Intel’s own stock fell about 29% on the news. Dell was down about 10% in premarket trading and 9.5% in the morning session.
Intel CEO Lip-Bu Tan expects global PC shipments to fall 12% in 2026. He sees another 10% drop in 2027.
What Intel Said
Tan pointed to component shortages and rising memory prices. He said those could lead buyers to delay purchases.
He said the correction sped up over the past two months. PC makers have been cutting inventory to match softer sales.
Intel expects the weakness to last through at least the first half of 2027.
Tan said it could hold until component pricing steadies.
Early data from IDC and Counterpoint Research points the same way. Third-quarter global PC shipments fell between 20.1% and 21% from a year earlier.
Dell’s own shipments dropped 25% in the quarter. That is worse than the market range.
How Dell Has Been Trading
Dell has made 47 moves of more than 5% over the past year. The stock is still up 225% since January.
It sits 29% below its 52-week high of $588.40 from September. A $1,000 investment made five years ago would now be worth $3,726.
Friday’s drop came three days after an 8.3% gain. That rally followed Dell’s expansion of its AI security and resilience portfolio, along with new AI-focused PCs.
Security Hardening for the Dell AI Factory is available this month. Resilience Operations for AI is available now.
PowerProtect identity tools are also available now. They restore clean copies of Active Directory, Microsoft Entra ID, and Okta after an attack.
Preliminary data shows the PC shipment decline could deepen to 27% across the market in the fourth quarter.
Dell fell about 11% to $415.47 after Intel forecast steep PC shipment declines through 2027, with Dell’s third-quarter shipments down 25%.
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