Dell: Record expectations and high volatility ahead

4.2 Markets

Aug 31, 2026

Dell to report Q2 results with strong growth and high volatility expected. Wall Street forecasts record revenues, while technicals warn of downside if results disappoint.

Dell Technologies is set to announce its second fiscal quarter results, drawing significant attention from investors. Wall Street projects earnings per share of $4.93 and revenues of $44.48 billion, reflecting annual growth of over 49%. The stock has surged more than 270% year-to-date, far outpacing the S&P 500. Analyst price targets average $510.26, compared to the current price of $456.25. The options market signals high volatility, with contracts implying an 11% move in either direction after the results. Dell has guided for revenues between $44 and $45 billion, adjusted earnings of $4.80 per share, and $15.5 billion in AI server revenue. Technical analysis indicates a bearish divergence, suggesting a potential drop toward $356 if results fall short. However, Dell’s history of exceeding expectations could spark a rally if it delivers another positive surprise.