Exponential Growth
The manufacturer now expects its revenue to grow by 7 – 9% annually, more than double its previous outlook. An even more significant shift has occurred in earnings per share (EPS), which are expected to rise by at least 15% annually – up from the previous 8%. From a broader perspective, it is evident that Dell, following in the footsteps of its competitors, is strengthening at a similar pace, thus maintaining its stable position. According to company leadership, this growth is driven by the unprecedented pace of technological change sparked by the rise of artificial intelligence. As CEO Michael Dell put it: “Customers are hungry for AI and for the compute, storage, and networking that enable intelligence to be deployed at scale.” [1]
Performance of Dell Technologies Stock Over the Past Five Years*
Artificial Intelligence
Based on the data mentioned above, Dell is now positioning itself as a leader in AI infrastructure solutions – systems that enable the training and operation of artificial intelligence models. The company does not merely sell servers but complete technological ecosystems – from computing and storage solutions to software services. In fiscal year 2026, Dell plans to deliver AI servers worth $20 billion, double the amount from the previous year. This growth ultimately confirms that demand for AI hardware is shifting from a trend to a structural phenomenon.
Partnerships and Company Position
It is also important to highlight that Dell plays a crucial role in the AI supply chain as a whole. The manufacturer purchases GPU chips from Nvidia, which it then integrates into its own systems. Among its customers are CoreWeave, one of the fastest-growing AI cloud providers, and Elon Musk’s startup xAI. Such partnerships confirm that Dell is no longer just a traditional server manufacturer but a strategic supplier for the most influential companies of the AI era.
Looking Ahead
Unlike many young AI startups, Dell offers a combination of growth and stability. The company generates strong cash flow, pays regular dividends, and can invest in new technologies without external financing. For investors, this translates into lower risk and more predictable growth. The company also confirmed that it expects to meet its goals for the third quarter and the entire fiscal year 2026 – further reinforcing confidence in the realism of its ambitions.
* Past performance is no guarantee of future results
[1] Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or based on the current economic environment which is subject to change. Such statements are not guaranteeing of future performance. They involve risks and other uncertainties which are difficult to predict. Results could differ materially from those expressed or implied in any forward-looking statements.
Sources:
https://www.cnbc.com/2025/10/07/dell-stock-revenue-growth.html
https://www.cnbc.com/2025/08/28/dell-earnings-report-q2-2026.html
