Quick Overview
- Dell Technologies is scheduled to announce Q1 FY2027 financial results on May 28, with analyst consensus calling for $3.00 EPS—a 93.6% increase compared to last year’s quarter
- Forecasted quarterly revenue stands at $35.46 billion, representing 51.7% growth year-over-year
- Bank of America maintains optimism with expectations for Dell to exceed guidance and raise projections, driven by robust AI server orders and strengthening PC market—target price lifted to $280
- Previous quarterly results exceeded expectations by $0.36 per share, while revenue climbed 39.5% to $33.38 billion compared to the prior-year period
- Multiple institutional heavyweights, including ProShare Advisors, have expanded their Dell holdings in recent months
Dell Technologies is preparing to unveil its fiscal first quarter 2027 performance on May 28, with market sentiment trending positive ahead of the announcement. Trading opened Friday at $253.11, reflecting a 4.2% intraday gain, positioning the stock close to its trailing 12-month peak of $263.99.
Wall Street’s consensus points to earnings of $3.00 per share, marking a substantial 93.6% surge from the comparable quarter in the previous fiscal year. Revenue projections stand at $35.46 billion, representing 51.7% annual expansion. While these targets are ambitious, Dell has demonstrated consistent ability to meet elevated expectations.
In its most recent quarterly disclosure made in February, the technology giant delivered $3.89 in earnings per share versus analyst predictions of $3.53. Revenue reached $33.38 billion, surpassing the $31.60 billion estimate, with year-over-year growth of 39.5%. This marked the third earnings beat in Dell’s last four reporting periods.
Bank of America stands among the most optimistic voices entering this earnings cycle. The investment bank anticipates both an earnings beat and upward guidance revision, attributing its outlook to sustained AI server momentum, unexpectedly resilient PC market dynamics, and strengthening performance within the Infrastructure Solutions Group division. The firm elevated its price objective to $280.
Evercore has similarly increased its target valuation, advancing from $240 to $270 while maintaining an “outperform” stance. The collective analyst community comprises 16 Buy recommendations, seven Hold ratings, and a single Sell rating, resulting in a “Moderate Buy” consensus with a mean price target of $206.58—significantly trailing current trading levels.
According to Zacks research, Dell’s Most Accurate Estimate exceeds the broader consensus figure, producing a favorable Earnings ESP reading of +3.51%. When paired with a Zacks Rank of #2 (Buy), this methodology indicates heightened probability of an earnings surprise.
Institutional Capital Flows Signal Confidence
Numerous large-scale investors have been expanding their Dell exposure. ProShare Advisors increased its position by 10.5% during the fourth quarter, elevating its holdings to 80,686 shares valued at approximately $10.2 million. Vanguard accumulated more than 1.35 million additional shares in Q4, bringing total ownership to 31.44 million units. Wellington and Invesco both executed significant additions during the third quarter. Institutional ownership currently represents 76.37% of outstanding shares.
Dell also announced an increase to its quarterly dividend distribution to $0.63 per share from the previous $0.53 level. The annualized dividend now totals $2.52, equating to approximately 1.0% yield.
Notable Insider Divestment Activity
Conversely, company insiders have been reducing positions. Director V (Gp) L.L.C. SLTA divested 510,000 shares in March at $146.83 per unit, while Director Ellen Kullman sold 150,346 shares at $145.13. Throughout the past 90-day period, insider transactions totaled approximately $576.7 million in stock sales. Despite this activity, corporate insiders maintain 42% ownership.
Morgan Stanley holds an “underweight” position with a price target elevated to $170—remaining substantially below current market prices—citing potential margin compression in AI server operations as a risk factor. Several analysts have identified supply-chain limitations as potential headwinds that could impact profitability despite continued revenue expansion.
Dell has established Q1 2027 EPS guidance at $2.90 with full fiscal year 2027 projections of $12.90 per share.
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