Summary
• Dell Technologies shares rose 5% in pre-market trading following strong Q3 earnings report.
• Q3 revenue reached $27.0 billion, reflecting an 11% year-over-year increase, with EPS rising 39% to $2.28.
• Analysts maintain a generally positive outlook, with some upgrades in ratings and price targets despite mixed sentiments from Morgan Stanley.
DELL Technologies Inc. (DELL) is experiencing a notable rise in pre-market trading, with shares up 5% from the last close of $125.92 to a current price of $132.55. This comes after the company reported substantial financial results for its fiscal 2026 third quarter.
Earnings Spark Sharp Move
In its latest earnings report published on November 25, 2025, Dell Technologies announced third-quarter revenue of $27.0 billion, marking an 11% increase year over year. The diluted earnings per share (EPS) rose to $2.28, reflecting a 39% increase year over year, while the record non-GAAP diluted EPS stood at $2.59. This financial performance exceeded analysts’ expectations, with a current surprise of 4.9% against an estimate of $2.47.
The earnings report also detailed guidance for the upcoming fourth quarter and the full fiscal year, an indication that Dell is reinforcing its financial outlook amidst a competitive tech landscape. Notably, the company appointed David Kennedy as its Chief Financial Officer on a permanent basis, signaling a commitment to strategic leadership.
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Analyst Sentiment
Analysts are maintaining generally positive sentiments towards Dell following the earnings report. A recent rating change by B of A Securities has upgraded DELL to a “Buy” status, with a price target of $160. This follows previous advisements, with JP Morgan also maintaining an “Overweight” rating and a price target of $170. However, there was a downgrade from Morgan Stanley from “Overweight” to “Underweight,” reflecting mixed analyst perspectives.
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Market and Technical Picture
Currently, Dell’s stock is demonstrating strong momentum with a year-to-date performance up 27.3%. Despite the recent rally, over the past week, the stock experienced a decline of 9.5%, indicating volatility around earnings announcements. The stock’s 14-day Relative Strength Index (RSI) is at 37.17, suggesting it could be approaching oversold territory, while the average trading volume over the last 10 days sits at approximately 10.1 million, significantly exceeding the three-month average volume of about 7.5 million.
With the recent earnings and upward revisions from analysts, Dell Technologies appears well-positioned in the market landscape, supported by improving performance metrics.
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