Dell (DELL): Strong Financials & AI Server Growth Propel Stock

Font: Financial Modeling Prep  • Sep 01, 2026

Dell Technologies (NYSE: DELL): Strong Financial Results and AI Server Growth

• Dell exceeded quarterly revenue and earnings expectations.
• Its AI server business continues to benefit from strong demand and a large order backlog.
• Investors remain focused on gross margins, debt, and liquidity.

Dell Technologies (NYSE: DELL) is a global technology company specializing in computers, servers, and IT infrastructure. It has become a major participant in the fast-growing artificial intelligence server market.

On September 1, 2026, Dell reported revenue of $46.97 billion, exceeding the consensus estimate of $44.89 billion. Earnings per share reached $7.04, well above the expected $4.91. The results highlight the company’s opportunity to convert its AI infrastructure backlog of more than $51 billion into revenue.

Dell’s gross margin declined to 17.8%, mainly because AI servers represented a larger share of sales. Management expects margins to improve during the second half of the year.

The company has a price-to-earnings ratio of 33.19. Its debt-to-equity ratio of -22.19 reflects negative shareholder equity, while its current ratio of 0.95 indicates that short-term liabilities slightly exceed short-term assets.