TLDR
- Dell reports Q1 FY2027 earnings on May 28, with Wall Street expecting EPS of $3.00, up 93.6% year over year
- Revenue is forecast at $35.46 billion, up 51.7% from the same period last year
- Bank of America expects a “beat and raise,” citing strong AI server demand and improving PC trends — price target raised to $280
- Dell’s last quarter beat EPS estimates by $0.36, with revenue up 39.5% year over year to $33.38 billion
- ProShare Advisors and several major institutional investors have added to their DELL positions recently
Dell reports fiscal Q1 2027 results on May 28, and Wall Street is leaning bullish going in. The stock opened at $253.11 on Friday, up 4.2% on the day, and is sitting near its 12-month high of $263.99.
Analysts expect earnings of $3.00 per share, a 93.6% jump from the same quarter last year. Revenue is projected at $35.46 billion, up 51.7% year over year. Those are big numbers to hit, but Dell has been doing it lately.
The most recent quarter, reported in February, came in at $3.89 EPS against a consensus of $3.53. Revenue hit $33.38 billion, beating estimates of $31.60 billion, and grew 39.5% versus the prior year. Dell has now beaten EPS estimates in three of the last four quarters.
Bank of America is one of the louder bulls heading into the print. The firm expects a “beat and raise,” pointing to strong AI server demand, better-than-expected PC trends, and improving results in the Infrastructure Solutions Group. It raised its price target to $280.
Evercore also lifted its target, moving it from $240 to $270 with an “outperform” rating. The broader analyst picture shows 16 Buy ratings, seven Holds, and one Sell, giving DELL a consensus of “Moderate Buy” with an average price target of $206.58 — well below where the stock is currently trading.
Zacks notes that Dell’s Most Accurate Estimate is above the consensus, resulting in a positive Earnings ESP of +3.51%. Combined with a Zacks Rank of #2 (Buy), that model suggests a likely earnings beat.
Institutional Money Is Moving In
Several large investors have been adding to their positions. ProShare Advisors raised its stake by 10.5% in Q4, bringing its holdings to 80,686 units worth around $10.2 million. Vanguard added over 1.35 million units in Q4, now holding 31.44 million. Wellington and Invesco both made large additions in Q3. Institutional investors now own 76.37% of the company.
Dell also raised its quarterly dividend to $0.63 per share, up from $0.53. The annualized dividend sits at $2.52, representing a yield of about 1.0%.
Insider Selling Worth Watching
On the other side of the ledger, insiders have been selling. Director V (Gp) L.L.C. SLTA sold 510,000 units in March at $146.83, and Director Ellen Kullman sold 150,346 units at $145.13. Over the last 90 days, insiders have sold a total of around $576.7 million worth of stock. Corporate insiders now own 42% of the company.
Morgan Stanley carries an “underweight” rating with a price target raised to $170 — still well below current levels — flagging potential margin pressure in AI servers as a concern. Some analysts have noted that supply-chain constraints could weigh on profitability even if top-line growth holds.
Dell has set its Q1 2027 EPS guidance at $2.90 and full-year FY2027 guidance at $12.90 per share.
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