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Dell Technologies Inc. Class C Common Stock (DELL) earnings date & stock reaction

Dell Technologies Inc. Class C Common Stock · IT

Dell Technologies Inc. Class C Common Stock earnings date & time

Next earningsTue, November 24 around 4:00 PM ET, after the closescheduled

Schedule

Korea time (KST)
Wed, November 25
Reporting pattern
12 of last 12 after close
Typical move
±13.6% · 12-report avg

What the market expects

Consensus EPS

$6.56Coming in above this counts as a beat

Year-ago quarter
$2.59→+153.3%
Guided revenue
$47.0B→$49.0B+4.3%
Guided EPS
$7.04→$6.10-13.4%
Full earnings calendarFrom an earnings calendar
Latest reportJun–Aug 2026 results· September 1, 2026 reported
EPS consensus $4.88 → $7.04 ▲ +44.3% beatRev $47.0B
Post-earnings price move
Next-day move
+15.8%
After 5 days
+25.9%
Price around earnings
Around this report
Down 10% into earningsIn the 3 trading days before this report, the stock moved more than usual. A pre-earnings run-up can mean expectations were already priced in, a drop can mean bad news was priced in early. Read the post-earnings reaction with that in mind.
Earnings callRecord-breaking performance driven by surging AI server and traditional infrastructure demand
“In Q2, we booked a record of $60.9 billion in AI orders and recognized $16.4 billion in AI server revenue.”
· Jeff Clarke, COO
“We're raising our full-year FY27 revenue outlook by $25 billion to $192 billion, up nearly 70% year over year.”
· David Kennedy, CFO
Positives
  • ▲Explosive growth in AI server segment
    • AI server revenue reached $16.4 billion this quarter, up 100% vs last year.
    • AI server backlog hit a record $95 billion.
  • ▲Strong momentum in traditional servers and storage
    • Traditional server and networking revenue was $10.5 billion this quarter, up 122% vs last year.
    • Storage revenue was $4.9 billion this quarter, up 26% vs last year.
  • ▲Improved profitability through operational efficiency
    • Operating margin reached 12.6% this quarter, showing significant improvement vs last year.
    • Full-year operating expense guidance is approximately 8% of revenue, the lowest in the company's 42-year history.
Concerns
  • ▼Decline in cash flow from operations
    • Cash flow from operations was $2.2 billion this quarter, down 13% vs $2.5 billion in the same period last year.
Based on the Sep 1, 2026 earnings-call transcript. Quotes are verbatim.

Dell Technologies Inc. Class C Common Stock (DELL) rose the day after earnings in 6 of its last 12 reports (50%), moving ±13.6% on average. It has fallen despite beating the consensus estimate 4 times.

Up next day
6/12
50%
Fell despite growth
4/12
Good earnings ignored
Price when beating
+8.1%
avg over 10 beats
Price when missing
-10.0%
avg over 2 misses
Avg earnings move
±13.6%
typical swing on earnings
Biggest single move
+32.8%
'26.5 · largest reaction
🔑What actually moves this stock?

Even when EPS beat expectations, the stock fell 4 of the last 10 times. The number alone doesn't move it.

What really matters here
AI-server orders building up + whether margin survives the mix
In finance terms: AI-server orders/backlog · margin
Growth · revenue (YoY by quarter, latest right)
+7%
25-02(Jan qtr)
+5%
25-05(May qtr)
+19%
25-08(Aug qtr)
+11%
25-11(Oct qtr)
+39%
26-02(Jan qtr)
+88%
26-05(May qtr)
Accelerating · Growth is accelerating (+7%→+88%), but this stock often falls even on strong results (4 recent times). Expectations are already high, so accelerating isn't enough. It must beat a lofty bar.
What to watch next report

When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.

The real bar for this stock

Beating estimates isn't enough. Here's where the real surprise started.

Beat consensus 10 of 12 times
Median beat +10.7%. 4 of those beats still fell the next day.
Reports that rose beat by +27.9% (median). Reports that fell beat by just +6.4%
Roughly +27.9% was the bar this stock had to clear.

How this stock reacts to earnings

Traits seen across its recent earnings reactions

Tends to run up in the week before earnings
Rose beforehand 9 of last 12 · avg +7.3% · expectations build early
Beating estimates doesn't always lift it
Up the next day 6 of 10 beats (60%)
Moves in line with results, fairly predictable
Avg +8.1% on a beat, -10.0% on a miss
vs IT sector avg (192 peers)
This
+5.1%
Sector
+0.9%
Avg next-day reaction

Earnings number vs guidance: which drives it?

How often the beat/miss matched the actual price move

This stock mostly moves with the reported earnings number
Moved opposite to results 4 of last 12 times (33%)
4xBeat but fell
Even a beat sells off if guidance disappoints
0xMissed but rose
Even a miss rebounds if guidance reassures
Fell despite growth4/12

4/10 beats fell next day · watches AI-server orders/backlog · margin

Next-day reaction
  • Aug 2026 report+15.8%
  • May 2026 report+32.8%
  • Jan 2026 report+21.9%
  • Oct 2025 report+5.8%
  • Aug 2025 report-8.9%
  • May 2025 report-2.1%

Earnings timeline · bars = next-day move, ▲▼ = beat/miss

Jun–Aug 2026 results
Reported 2026-09-01
Next-day move
+15.8%
After 5 days +25.9%
EPS consensus $4.88 → $7.04 ▲ +44.3% beatRev $47.0B
Next-Q guidance+4%· ~$49.0B est.
Price around earnings
Around this report
Down 10% into earningsIn the 3 trading days before this report, the stock moved more than usual. A pre-earnings run-up can mean expectations were already priced in, a drop can mean bad news was priced in early. Read the post-earnings reaction with that in mind.

Earnings trend · last 12 quarters

EPS$7.04
'23.11'26.9
Revenue$47.0B
'23.11'26.9

Earnings history and price reaction

Dell Technologies Inc. Class C Common Stock across its last 12 earnings reports: EPS versus consensus, the move on the earnings day, and the cumulative move five trading days later.
Quarter endedReported (ET)vs market expectation (consensus)Earnings dayAfter 5 days
8/20262026-09-01+44.3%+15.8%+25.9%
5/20262026-05-28+64.0%+32.8%+33.1%
1/20262026-02-26+10.7%+21.9%+20.6%
10/20252025-11-25+4.5%+5.8%+6.1%
8/20252025-08-28+1.2%-8.9%-6.9%
5/20252025-05-29-8.4%-2.1%-1.6%

12 reports, quarters ending 11/2023 to 8/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.

Frequently asked questions

When is the next Dell Technologies Inc. Class C Common Stock earnings date?

The next Dell Technologies Inc. Class C Common Stock (DELL) earnings report is expected Tue, November 24 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.

What is the consensus EPS forecast for Dell Technologies Inc. Class C Common Stock's next earnings?

Analysts expect EPS of about $6.56 for Dell Technologies Inc. Class C Common Stock (DELL). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.

Does Dell Technologies Inc. Class C Common Stock (DELL) stock usually go up after earnings?

Over the last 12 earnings reports, the stock rose on 6 of them (50%). The average move on earnings day was ±13.6%.

Does Dell Technologies Inc. Class C Common Stock react more to the earnings numbers or to guidance?

In 4 of the last 12 reports (33%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.

Can Dell Technologies Inc. Class C Common Stock stock fall even when earnings are good?

Yes. In 4 of the last 12 reports, Dell Technologies Inc. Class C Common Stock fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.

Does Dell Technologies Inc. Class C Common Stock stock keep moving after the earnings day?

Over the last 12 reports, the move continued in the same direction for the following five trading days 50% of the time. This tendency is known as post-earnings announcement drift.