Why Is Dell Technologies Stock Soaring Friday?

by | Feb 27, 2026 | General

Dell Technologies Inc. (NYSE:DELL) shares rocketed in premarket trading on Friday after the company posted a fourth-quarter earnings report that beat Wall Street expectations on both revenue and profit.

The Numbers Behind the Pop

Dell reported fourth-quarter earnings of $3.89 per share, topping the consensus estimate of $3.53 by more than 10%. Revenue came in at $33.38 billion, clearing the Street’s $31.73 billion estimate and surging from $23.93 billion in the year-ago period.

The company also announced a 20% cash dividend increase and a $10 billion boost to its share repurchase authorization.

Dell guided fiscal 2027 adjusted EPS to $12.90 versus the $11.59 analyst estimate, with revenue projected between $138 billion and $142 billion, well above the $125.54 billion consensus.

Technical Analysis

Dell Technologies is currently positioned well above its key moving averages, which signals strength in its market stance. The stock is trading 12.9% above its 20-day simple moving average (SMA) and 1.8% above its 100-day SMA.

Over the past 12 months, the stock has gained 12.63%, and it now hovers near the upper range of its 52-week spectrum, with a high of $168.08 and a low of $66.25.

Earnings & Analyst Outlook

Looking further out, the next major catalyst for the stock arrives with the May 28, earnings report. Here’s what to expect:

  • EPS Estimate: $2.96 (Up from $1.55 YoY)
  • Revenue Estimate: $31.75 billion (Up from $23.38 billion YoY)
  • Valuation: P/E of 16.2x (Indicates fair valuation)

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $157.20. Recent analyst moves include:

  • Morgan Stanley: Underweight (Lowers Target to $101.00) (Feb. 18)
  • Citigroup: Buy (Lowers Target to $160.00) (Feb. 17)
  • Citigroup: Buy (Lowers Target to $165.00) (Jan. 20)

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for Dell Technologies, highlighting its strengths and weaknesses compared to the broader market:

  • Value Rank: Moderate (Score: 39.54) — Reflects a fair valuation relative to market peers.
  • Momentum Rank: Weak (Score: 32.46) — Indicates some challenges in maintaining upward momentum.

DELL Price Action: Dell Technologies shares were up 11.07% at $134.90 during premarket trading on Friday, according to Benzinga Pro data.

Photo by Poetra.RH via Shutterstock