DELL
Dell Technologies Inc. Information Technology Electronic Computers S&P 500Russell 3000
$424.30Close
$276.6BMarket cap
$110.54 – $587.5952-week range
Nov 24, 2026Next report
Highlights
Strengths
- Leading the market RS 99 · stronger than 99% of stocks over 12 months
- Volume drying up last 10 days 27% under the 50-day average
- Earnings growing EPS +274% year on year
Cautions
- Trend not confirmed 6 of 8 conditions · under the 50-day, over 25% off the high
- Far from its high 28% below its 52-week high
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
28%
1wk
down 7.0%
price change
1mo
down 21.0%
price change
12-month return
up 166%
market up 11% ·
its own up 151%
F-score
7 / 9
Strong
Altman Z
2.97
Moderate risk
P/E
46.6×
price / earnings
PEG
1.28
P/E / EPS growth
P/B
—
price / book
Earnings yield
up 2.8%
EBIT / enterprise value
Cheaper than
46%
of the market · around average
Revenue growth
up 19%
year on year
EPS growth
up 274%
latest quarter · -8 pts
Sales growth
up 58%
latest quarter · -30 pts
ROE
—
return on equity
Free cash margin
up 8%
$8.6B FCF
D/E
—
long-term debt / equity
Net debt / EBITDA
1.1×
Interest cover
—EBIT / interest
Piotroski tests
- took on more long-term debt
- gross margin narrowed
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- short-term liquidity improved
- no new shares issued
- assets working harder
Trade setup
ATR%
7.6%
$32.09 a day · 2×ATR $360.13
RS
99 / 99
vs the universe
Trend
6 / 8
under the 50-day, over 25% off the high
Relative volume
1.3×
vs 50-day average
Up/down volume
1.32
50 sessions
Implied move
17.7%
by Nov 27, 2026 · report Nov 24, 2026
Trend template · 6 of 8
- Price above the 50-day average: fails
- Within 25% of the 52-week high: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Liabilities exceed assets Shareholders' equity is negative at -$2.5B as of Jan 30, 2026. What is left for shareholders after creditors is, on the balance sheet, less than nothing.
- Gross margin narrowing Gross margin fell from 22.2% to 20.0%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported
Sep 1, 2026
Results reaction
Sep 1, 2026+8% vs market2 sessions after results
Options
$178.5M75.0% IV · activity
Financials
- Gross 20%
- Net 5%
- Free cash 8%
- Cash
- Long-term debt
| FY2021Jan 29, 2021 | FY2022Jan 28, 2022 | FY2023Feb 3, 2023 | FY2024Feb 2, 2024 | FY2025Jan 31, 2025 | FY2026Jan 30, 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $86.7B | $101.2B | $102.3B | $88.4B | $95.6B | $113.5B |
| Gross margin | 23% | 22% | 22% | 24% | 22% | 20% |
| Operating income | $3.7B | $4.7B | $5.8B | $5.4B | $6.2B | $8.1B |
| Net income | $3.2B | $5.7B | $2.4B | $3.4B | $4.6B | $5.9B |
| Net margin | 4% | 6% | 2% | 4% | 5% | 5% |
| Earnings per share | $4.24 | $7.21 | $3.22 | $4.58 | $6.36 | $8.68 |
| Free cash flow | $9.3B | $7.5B | $562.0M | $5.9B | $1.9B | $8.6B |
| Free cash margin | 11% | 7% | 1% | 7% | 2% | 8% |
| Cash | $9.5B | $9.5B | $8.6B | $7.4B | $3.6B | $11.5B |
| Long-term debt | $32.9B | $21.1B | $23.0B | $19.0B | $19.4B | $23.5B |
| Shareholders' equity | $2.5B | -$1.7B | -$3.1B | -$2.2B | -$1.5B | -$2.5B |
| Shares outstanding | 753m | 757m | 716m | 705m | 696m | 652m |
Next report
Nov 24, 2026
Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology
±17.7%
$349 – $499 by Nov 27, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology
±13.9%
last 4: +7.8% · +37.9% · +19.9% · +4.7%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology
Bigger than usual
1.3× the usual move
What options price now
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- About the same 75.0% priced · 80.2% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $178.5M calls $55.0M · puts $123.5M · latest session
- 2.25× -1.70 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls -46.92k · puts -33.32k past week
For options traders: ATM IV 75.0% (+6.8% 1w) · 1m ÷ 3m IV 1.06 · 25Δ skew 7.8 pts · Net GEX -$35.0M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Sep 8, 2026 | Quarterly ↗ | Jul 31, 2026 | 39d |
| Jun 9, 2026 | Quarterly ↗ | May 1, 2026 | 39d |
| Mar 16, 2026 | Annual ↗ | Jan 30, 2026 | 45d |
| Dec 9, 2025 | Quarterly ↗ | Oct 31, 2025 | 39d |
| Sep 8, 2025 | Quarterly ↗ | Aug 1, 2025 | 38d |
| Jun 10, 2025 | Quarterly ↗ | May 2, 2025 | 39d |
| Mar 25, 2025 | Annual ↗ | Jan 31, 2025 | 53d |
| Dec 10, 2024 | Quarterly ↗ | Nov 1, 2024 | 39d |
| Sep 10, 2024 | Quarterly ↗ | Aug 2, 2024 | 39d |
| Jun 11, 2024 | Quarterly ↗ | May 3, 2024 | 39d |
| Mar 25, 2024 | Annual ↗ | Feb 2, 2024 | 52d |
| Dec 8, 2023 | Quarterly ↗ | Nov 3, 2023 | 35d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 21, 2026 | Director or officer change ↗ |
| Sep 15, 2026 | Material agreement · New obligation ↗ |
| Sep 10, 2026 | Other events ↗ |
| Sep 1, 2026 | Results ↗ |
| Jul 6, 2026 | Holder rights changed · Charter or bylaws ↗ |
| Jul 1, 2026 | Holder rights changed · Shareholder vote · Other events ↗ |
| Jun 17, 2026 | Unregistered share sale ↗ |
| Jun 16, 2026 | Material agreement · New obligation ↗ |
| Jun 12, 2026 | Other events ↗ |
| Jun 10, 2026 | Material agreement · Agreement ended · New obligation ↗ |
| May 28, 2026 | Results ↗ |
| Apr 20, 2026 | Unregistered share sale ↗ |