Dell: Extraordinary Growth Versus Rising Expectations

Summary Dell Technologies is capitalizing on AI-driven data center demand, with compute, networking, and storage solutions at the core of its product portfolio. Dell's hardware refresh cycle is accelerating, with 1.2 million legacy servers due for upgrades, driving significant upside in server and storage revenues. AI server revenue surged to $16.4 billion, with FY27 guidance raised to $74 billion and total sales guidance increased by $25 billion to $192 billion. Management projects ISG sales to expand 120% and non-GAAP diluted EPS to reach ~$25.50 in FY27, reflecting robust backlog and pipeline momentum. Thinglass/iStock Editorial via Getty Images Introduction: Dell Technologies ( DELL ) is a business I have consistently been bullish on for some time now, having most recently published this piece back in October 2025. Since then, the stock has returned nearly This article was written by Jack Elias 829 Followers Follow Hello and welcome to my Seeking Alpha page. My name is Jack Elias, and I am a student at Arizona State University with a strong interest in technology and financial markets. I primarily focus on analyzing tech companies, specifically those involved in the AI infrastructure build out, cloud computing, and overall digital transformation. My personal investing approach is rooted in understanding both the fundamentals of the business along with the future growth trajectory. I aim to identify businesses whose intrinsic value is higher than the current market value of shares.Through consistent research and analysis, I believe that I've developed an understanding of how technology and global markets intersect, and I enjoy translating complex financial and technical trends into straightforward investment ideas. Analyst’s Disclosure: I/we have a beneficial long position in the shares of DELL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.