Dell Technologies (DELL) stock gained about 3% Tuesday morning after the company raised its long-term financial forecasts, citing massive customer demand for artificial intelligence (AI) infrastructure. The tech giant also reaffirmed its outlook for the third quarter and the full fiscal year 2026.
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The company made two major revisions to its annual targets through Fiscal 2030. Dell raised its annual revenue growth target to 7–9%, a substantial jump from 3–4%. Further, the annual adjusted diluted EPS growth target was nearly doubled to 15% or more.
Dell also promised to keep raising its quarterly dividend by at least 10% each year through Fiscal 2030, adding two more years to its earlier plan.
AI Cited as the Core Growth Engine
The revised outlook reflects Dell’s confidence in AI-fueled demand and its ability to scale solutions for both public and private sector clients.
Chairman and CEO Michael Dell said, “Customers are hungry for AI and the compute, storage and networking we provide to deploy intelligence at scale. As AI continues to expand into businesses and governments around the world, the opportunity ahead is massive.”
Also, Vice Chairman and COO Jeff Clarke revealed that Dell has rapidly expanded its AI business to $20 billion in just two years.
The company has seen exceptional demand for its AI solutions, including its powerful servers built with Nvidia (NVDA) chips. In 2025, Dell secured significant server deals with customers, including CoreWeave (CRWV), Elon Musk’s x.AI (PC:XAIIQ), and the U.S. Department of Energy, among others.
Is DELL a Good Stock to Buy Now?
Turning to Wall Street, DELL stock has a Moderate Buy consensus rating based on 11 Buys and five Holds assigned in the last three months. At $151, the average Dell stock price target implies a 3.09% upside potential.
