Quick Overview
- Dell Technologies releases Q1 FY2027 financial results on May 28, with analysts projecting $3.00 EPS—a remarkable 93.6% increase year-over-year
- Anticipated quarterly revenue stands at $35.46 billion, marking a 51.7% climb from the comparable period last year
- Bank of America forecasts Dell will exceed expectations and raise guidance, driven by robust AI server orders and recovering PC market momentum—target price elevated to $280
- Previous quarter results exceeded EPS projections by $0.36, while revenue climbed 39.5% annually to $33.38 billion
- Major institutional players 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 Street sentiment trending optimistic. Trading commenced Friday at $253.11, marking a 4.2% intraday gain and hovering close to its annual peak of $263.99.
Wall Street analysts are calling for earnings of $3.00 per share, representing a dramatic 93.6% surge compared to last year’s corresponding quarter. Revenue projections sit at $35.46 billion, reflecting 51.7% annual growth. While these targets are ambitious, Dell has demonstrated consistent ability to deliver.
The company’s most recent quarterly report, released in February, delivered $3.89 in earnings per share versus analyst expectations of $3.53. Revenue reached $33.38 billion, surpassing the $31.60 billion consensus while posting 39.5% growth year-over-year. Dell has successfully exceeded EPS forecasts in three of its past four reporting periods.
Bank of America stands among the most optimistic voices ahead of the announcement. The investment firm anticipates Dell will both beat current estimates and raise forward guidance, citing accelerating AI server orders, stronger-than-anticipated personal computer market trends, and enhanced performance across its Infrastructure Solutions Group division. The firm elevated its price objective to $280.
Evercore has similarly increased its target, adjusting from $240 to $270 while maintaining an “outperform” designation. Across the broader analyst community, Dell carries 16 Buy recommendations, seven Hold ratings, and a single Sell opinion, translating to a “Moderate Buy” consensus with an average price target of $206.58—notably below current trading levels.
Zacks observes that Dell’s Most Accurate Estimate exceeds consensus forecasts, producing a positive Earnings ESP of +3.51%. When paired with a Zacks Rank of #2 (Buy), this framework indicates strong probability of an earnings surprise.
Institutional Ownership Expanding
Numerous institutional investors have been increasing their allocations. ProShare Advisors expanded its position by 10.5% during Q4, bringing total holdings to 80,686 shares valued at approximately $10.2 million. Vanguard acquired more than 1.35 million additional shares in Q4, elevating its stake to 31.44 million units. Wellington and Invesco both executed substantial purchases in Q3. Institutional ownership now represents 76.37% of outstanding shares.
Dell has also increased its quarterly dividend distribution to $0.63 per share from the previous $0.53. The annualized payout now stands at $2.52, translating to approximately 1.0% yield.
Notable Insider Transactions
Conversely, company insiders have been reducing positions. Director V (Gp) L.L.C. SLTA divested 510,000 shares in March at $146.83, while Director Ellen Kullman sold 150,346 units at $145.13. Throughout the past 90 days, insider sales have totaled approximately $576.7 million. Corporate insiders maintain 42% ownership of the company.
Morgan Stanley maintains an “underweight” stance with a recently raised price target of $170—still significantly below current market prices—citing potential margin compression in AI server operations as a risk factor. Certain analysts have highlighted that supply-chain bottlenecks could pressure profitability despite continued revenue expansion.
Dell has established Q1 2027 EPS guidance at $2.90 and full-year FY2027 guidance at $12.90 per share.
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