Dell Technologies Inc. (NYSE:DELL) on Tuesday posted better-than-expected fiscal year 2027 second-quarter results and raised FY2027 guidance.

Dell reported an adjusted/non-GAAP diluted EPS of $7.04 per share, which blew past the consensus estimate of $4.91. Quarterly revenue came in at $46.97 billion, which beat the Street estimate of $44.95 billion and was up from $29.78 billion in the same period last year.

"IT environments have shifted from cost centers to value drivers that fuel growth and competitive advantage, and customers are investing accordingly — creating opportunity across our portfolio," said COO Jeff Clarke.

Dell expects third-quarter adjusted EPS of $6.50, versus the $4.49 analyst estimate, and revenue of $49 billion, versus the $41.43 billion estimate.

Dell shares jumped 8.9% to $463.00 in pre-market trading.

These analysts made changes to their price targets on Dell following earnings announcement.

  • B of A Securities analyst Wamsi Mohan maintained the stock with a Buy and raised the price target from $505 to $600.
  • Morgan Stanley analyst Erik Woodring maintained the stock with an Equal-Weight rating and boosted the price target from $434 to $499.

Considering buying DELL stock? Here’s what analysts think:

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