Core Insights - Dell Technologies Inc. (DELL) has provided optimistic guidance for the end of fiscal year 2026, projecting top-line growth between $31 billion and $32 billion, which represents a 32% increase at the midpoint compared to the previous year [1] Group 1 - The expected revenue growth for Dell Technologies is significant, indicating strong performance and market confidence [1]

Core Insights - Dell Technologies Inc. is making significant advancements in the AI hardware sector, positively influencing its market performance [1] - UBS has set a price target of $167 for Dell, indicating a potential upside of approximately 32.62% from its current trading price of $125.92 [2][6] - The company's stock has shown resilience, maintaining stability after forming a double-bottom pattern, suggesting a potential rebound [2] Financial Performance - Dell reported earnings of $1.55 billion, or $2.28 per share, an increase from $1.17 billion, or $1.64 per share, in the same period last year [4] - Adjusted earnings were $2.59 per share, exceeding analysts' expectations of $2.47 [4] - Revenue for the quarter was $27.01 billion, reflecting an 11% year-on-year growth, although it slightly missed the consensus estimate of $27.16 billion [4] Market Activity - Dell's stock increased by 3.20% in extended trading hours, rising to $130 from a low of $117.40 earlier this month [3] - The company has raised its full-year sales forecast to a range of $111.2 to $112.2 billion, driven by strong demand for AI-related products [3][6] - Dell's market capitalization is approximately $84.67 billion, with a trading volume of 14,726,111 shares [5]

Market Overview - U.S. equities continued to rise, with major indexes extending a multi-day winning streak, driven by optimism for a Federal Reserve interest rate cut in December and dovish economic data releases [1][8] - The Nasdaq Composite led the gains, climbing 1%, while the S&P 500 and Dow Jones Industrial Average rose 0.9% each, marking their fourth consecutive day of gains [2][3] Economic Indicators - Expectations for a 25-basis-point rate cut by the Federal Reserve in December are high, with probabilities around 80-85%, supported by weaker-than-expected economic data [3][6] - Recent economic data included a decline in September retail sales, a softer Producer Price Index (PPI), decreased consumer confidence, and a drop in private payrolls [3] Sector Performance - Technology stocks were the primary drivers of the market rally, with the "Magnificent Seven" technology stocks significantly contributing to the overall market performance [4] - The Health Care Select Sector SPDR and Consumer Discretionary Select SPDR also performed well, gaining 2.3% and 2.1% respectively, while the housing sector benefited from a decline in Treasury yields [4] Corporate News and Stock Highlights - Apple shares rose about 1% as it is expected to surpass Samsung in global smartphone shipments for the first time in 14 years [7] - Dell Technologies surged 6-6.4% after announcing record orders for its AI servers, indicating strong demand in the AI infrastructure space [11] - Advanced Micro Devices (AMD) rose approximately 3.5%, while Broadcom gained about 3% [11] - Nvidia experienced a significant drop of 2.6-3.9% on Tuesday but rebounded slightly on Wednesday, facing increased competition in the AI chip market [11] - Urban Outfitters soared between 10% and 12.1% after reporting stronger-than-expected quarterly results, while Workday sank 9% despite positive earnings [11] - Petco surged 19.8% after raising its fiscal year earnings outlook, and Robinhood Markets jumped 10.7% following plans to launch a futures and derivatives exchange [11]

Core Viewpoint - Dell Technologies (DELL) stock experienced an 8% rally despite missing revenue estimates for fiscal Q3, driven by strong earnings per share of $2.59, surpassing the consensus of $2.47 [1][3]. Group 1: Earnings Performance - Dell's revenue guidance for the full year has been raised to nearly $112 billion, attributed to strong artificial intelligence tailwinds [3][4]. - The revenue shortfall in Q3 is interpreted as a delay in recognizing revenue rather than a systemic demand slowdown [4]. Group 2: Stock Performance and Market Sentiment - Following the earnings report, Dell stock is challenging its 100-day moving average at the $136 level, with a potential breakout that could enhance bullish momentum into 2026 [2][3]. - Despite the recent rally, DELL shares are still down approximately 20% from their year-to-date high in October [2]. Group 3: Analyst Recommendations - Jim Cramer recommends owning DELL shares for the long term, citing a forward price-earnings (P/E) multiple of less than 15x as attractive for an AI company [5]. - Cramer believes concerns regarding tariffs affecting Dell's access to raw materials are exaggerated, expressing confidence in the company's ability to source materials effectively [5][6]. - The company is expected to remain a strong performer in the data center and enterprise space, justifying continued investment heading into 2026 [7].

Market Performance - Major U.S. equities indexes, including the Dow, S&P 500, and Nasdaq, rose close to 1% ahead of the Thanksgiving holiday, driven by renewed optimism about a potential Federal Reserve rate cut next month [1] - Dell Technologies was highlighted as one of the best-performing stocks in the S&P 500, with shares increasing nearly 7% after the company raised its outlook and reported soaring demand for its artificial intelligence products [2] Company-Specific Developments - Robinhood Markets saw its shares soar nearly 10% as it expanded into prediction markets by acquiring LedgerX in partnership with Susquehanna International Group [2] - Petco Health and Wellness shares jumped 18% following a surprise profit report and an optimistic outlook due to its transformation efforts [3] - Workday was the worst performer in the S&P 500, with shares down 9% amid concerns regarding subscription revenue [3] - Deere & Company shares fell 5% after the company issued a weak forecast and warned of challenging market conditions [3] - HP's shares declined 2% as it announced a cost-cutting plan involving layoffs and provided a weak outlook due to increased costs from U.S. tariffs [4]

Core Insights - Dell Technologies (DELL) reported non-GAAP earnings of $2.59 per share for Q3 fiscal 2026, exceeding the Zacks Consensus Estimate by 4.44% and reflecting a 17% year-over-year increase [1] - Revenues rose 11% year-over-year to $27.01 billion, slightly missing the consensus estimate by 0.98%, primarily driven by record AI server shipments [1][8] - Following the earnings announcement, DELL shares increased by 4.53% in pre-market trading [1] Revenue Breakdown - Product revenues increased by 16% year-over-year to $21.2 billion, missing the Zacks Consensus Estimate by 0.16% [2] - Services revenues declined by 5% year-over-year to $5.75 billion, surpassing the Zacks Consensus Estimate by 3.95% [2] - Infrastructure Solutions Group (ISG) revenues surged by 24% year-over-year to $14.10 billion [2] AI Server Performance - Servers and networking revenues reached $10.12 billion, growing by 37% year-over-year, driven by strong demand for both AI and traditional servers [3] - Dell shipped $5.6 billion worth of AI servers in Q3, with a healthy AI server backlog of $18.4 billion [4] - Year-to-date orders for AI-optimized servers amounted to $30 billion, with a notable increase of $12.3 billion in the reported quarter [3] Operating Performance - Non-GAAP gross profit for Q3 increased by 4% year-over-year to $5.68 billion, with a gross margin contraction of 140 basis points to 21.1% [5] - SG&A expenses decreased by 6% year-over-year to $2.72 billion, while R&D expenses rose by 1% to $752 million [5] - Non-GAAP operating income was $2.50 million, up 11% year-over-year, with an operating margin expansion of 10 basis points to 9.3% [6] Financial Position - As of October 31, 2025, DELL had $9.56 billion in cash and cash equivalents, up from $8.14 billion on August 1, 2025 [7] - Total debt increased to $31.24 billion from $28.68 billion during the same period [9] - The company generated cash flow from operations of $1.2 billion, with adjusted free cash flow of $1.67 billion in Q3 [9] Future Guidance - For Q4 fiscal 2026, revenues are projected to be between $31 billion and $32 billion, indicating a potential 32% year-over-year growth [10] - For the full fiscal year 2026, revenues are expected to range from $111.2 billion to $112.2 billion, suggesting a 17% year-over-year growth [11] - AI server shipments for the full year are anticipated to reach approximately $25 billion, reflecting an increase of over 150% [11]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to apply their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to perform their own research and understand the risks involved before investing in any financial instruments [1].

Core Viewpoint - Dell has raised its fourth quarter and annual revenue guidance, driven by strong demand in its AI business, leading to a significant increase in its stock price [1][5][19]. Financial Performance - Dell reported record-breaking third quarter revenue of $27 billion, an 11% increase year-over-year, which was in line with expectations [4][5]. - The company exceeded earnings per share (EPS) expectations, reporting $2.59 compared to the anticipated $2.48 [5]. - Gross margins were reported at 21.1%, surpassing analyst estimates despite rising component costs [6][11]. Market Reaction - Following the earnings report, Dell's shares rose over 4.5%, reflecting investor optimism regarding the raised revenue guidance and strong AI demand [4][5][22]. - Analysts have shown a generally positive sentiment, with several firms adjusting their price targets upward, indicating confidence in Dell's future performance [7][8][10]. Future Outlook - Dell projects $25 billion in AI server sales for fiscal 2026, representing over 150% growth from previous estimates [5]. - Analysts expect long-term EPS growth of 15% over the next five years, aligning with the company's guidance [8]. - Despite some analysts lowering their price targets, the overall sentiment remains bullish due to strong AI demand and improved margins [10][11].

CNBC’s Kristina Partsinevelos reports on Dell as shares rise after the company forecast a stronger-than-expected fourth quarter, driven by increased AI sales. ...

Core Viewpoint - Dell's shares are experiencing a significant increase due to a strong forecast driven by AI servers, despite mixed reactions from Wall Street regarding memory cost challenges [1][5]. Company Performance - Dell raised its AI server guidance to $25 billion, exceeding street estimates, with an expected $9.4 billion in the fourth quarter alone [5]. - The company's backlog surged nearly 60% since July, indicating robust demand across cloud providers, sovereign entities, and enterprise customers [5]. Market Sentiment - Wall Street is divided on Dell's outlook; while Morgan Stanley remains underweight due to concerns over memory costs, Bank of America maintains a buy rating, citing early stages of AI adoption and upcoming PC refresh cycles as positive factors [2][3]. - UBS argues that the market is overly negative, noting Dell's shares are trading at about 11 times their 2027 earnings estimate, presenting a compelling opportunity for long-term investors [4]. Industry Trends - The AI server market is expanding beyond hyperscalers, with growing demand from sovereign entities and model builders identified as new growth drivers [3]. - The overall sentiment in the memory market remains contentious, with ongoing debates about pricing and its impact on margins [6].