Key Takeaways
- Dell Technologies announces Q1 FY27 results following Thursday’s closing bell on May 28
- Market makers anticipate potential volatility of approximately 11.75% following the earnings announcement
- Analysts forecast revenue growth approaching 50% compared to last year, targeting $35–$36 billion
- Shares have skyrocketed approximately 136% in 2025, recently touching record levels near $298
- Wall Street price objectives vary dramatically — spanning from $170 (Morgan Stanley bearish stance) to $270+ (bullish calls from Evercore, Wells Fargo, JPMorgan)
Dell Technologies prepares to unveil its Q1 fiscal 2027 financial results following Thursday’s market close on May 28. Shares have experienced a remarkable rally, climbing roughly 136% since the start of the year and hovering near record territory around $295.
Last Thursday, May 22, witnessed an extraordinary single-session surge of 17% after multiple Wall Street firms upgraded their price forecasts. The dramatic one-day movement turned heads across the investment community.
The options market suggests potential post-earnings volatility between 10–11.75% in either direction. This exceeds DELL’s typical quarterly earnings reaction of 4.61% over the previous four reporting periods.
Based on Friday’s closing price near all-time highs, a 10% swing could propel shares toward $326 on the upside — or send them tumbling below $265 if results disappoint.
Financial projections point to blockbuster results. Consensus estimates call for Q1 sales between $35–$36 billion, representing year-over-year expansion exceeding 50%. Adjusted earnings per share forecasts cluster around $2.91–$2.97, nearly double the prior-year figure of $1.55.
The artificial intelligence server division remains the central narrative. Dell kicked off this fiscal year carrying a reported $43 billion backlog in AI server orders, and Wall Street is eager to determine whether this trajectory has maintained its strength.
Optimistic Analyst Perspectives
Evercore’s Amit Daryanani maintained his Buy recommendation with a $270 target while elevating DELL to the firm’s Tactical Outperform roster. His analysis suggests Dell could exceed both top-line and bottom-line consensus figures, propelled by robust hardware appetite spanning AI servers, networking equipment, and storage solutions.
Daryanani highlighted potential for Dell to surpass its annual AI server revenue objective of $50 billion. He identified CoreWeave‘s increased capital expenditure plans and nScale’s emergence as a fresh Dell client as positive demand catalysts.
Wells Fargo elevated its price objective to $270 from $180. JPMorgan boosted its target to $280 from $205. Bank of America analysts similarly projected Dell would surpass Q1 expectations and potentially raise full-year guidance, emphasizing “substantial” appetite for personal computers alongside AI infrastructure.
Evercore analysts view meaningful upside to Dell’s FY27 guidance calling for $140 billion revenue and $12.90 earnings per share. Short-term PC demand appears healthy, bolstered by enterprise customers making advance purchases and elevated pricing trends.
Skeptical Viewpoints
Not all analysts share the enthusiasm. Morgan Stanley’s Erik Woodring lifted his target to $170 from $110 — while maintaining an Underweight rating.
Wooding anticipates management will deliver results above expectations and raise forward guidance, driven by enterprise purchasing acceleration and AI server strength. His primary reservation centers on valuation. DELL currently commands an unprecedented premium relative to comparable companies in the AI infrastructure sector, with considerable uncertainty surrounding the second-half outlook.
Trading at $295, shares stand 181% above the 52-week floor of $105. Immediate overhead resistance emerges at the $298 all-time peak. Downside support appears around $227 — representing roughly 23% below present levels.
The Street’s aggregate rating stands at Moderate Buy, comprising 12 Buy recommendations, 4 Hold ratings, and 1 Sell opinion. The mean price target of $228.87 now trails significantly behind the stock’s current market value.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
