Is Dell Technologies Stock Underperforming the Nasdaq?

Company Overview - Dell Technologies Inc. is valued at $90.3 billion and is one of the largest laptop and PC companies globally, operating through its Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG) segments [1] - The company has a significant presence in the computer hardware industry, categorized as a large-cap stock due to its market capitalization exceeding $10 billion [2] Stock Performance - Dell's stock reached a 52-week high of $147.66 on November 25, 2024, and is currently trading 10.5% below that peak, with a 9.5% gain over the past three months, underperforming the Nasdaq Composite's 13% increase during the same period [3] - Over the longer term, Dell's stock has gained 14.6% in 2025 and 12.6% over the past 52 weeks, compared to the Nasdaq's 16.5% and 24.5% returns respectively [4] Financial Results - In Q2, Dell reported a record revenue of $29.8 billion, a 19% year-over-year growth, exceeding consensus estimates by 1.6%, with ISG revenues reaching $16.8 billion, marking a 44% year-over-year increase [5] - Despite better-than-expected results, Dell's stock declined 8.9% in a single trading session following the Q2 results release [5] Future Outlook - For Q3, Dell anticipates a topline of approximately $27 billion, indicating an 11% year-over-year growth, which did not meet investor expectations and contributed to a sell-off [6] - Dell has outperformed its peer HP Inc., which has seen a 15.7% decline year-to-date and a 23.3% drop over the past 52 weeks [6]