Scoreboard / DELL
Dell Technologies DELL
Week of August 27 to September 3, 2026 · Updated September 4, 2026
Setup Snapshot
The Setup in One Card
How DELL scored, how it moved against the market, and the catalyst behind the move. A high score means the stock deserves research time, not that it is a buy.
Friday Five Score
Weekly Rank
01 of 5
Sector Trend
Slippingdown 1.4 percent
Actionability
Extended
Catalyst
Guidance RaiseRaised full year revenue guidance by 25 billion dollars on a record 95 billion dollar AI server backlog
Returns are measured from the Thursday, August 27 close to the Thursday, September 3 close. Benchmarks: S&P 500 +0.2% and Nasdaq Composite +0.2% for the week. Benchmark figures are official index closes; sector figures use SPDR sector ETF closes because the official S&P sector index closes for this window were not yet published at press time.
Why It Moved
The Story Behind the Move
Catalyst
On September 1, 2026 Dell reported second quarter fiscal 2027 revenue of 47.0 billion dollars, up 58 percent, and non-GAAP earnings of 7.04 dollars a share, up 203 percent, with a record 60.9 billion dollars of AI server orders and a record 95 billion dollar backlog. It raised full year revenue guidance to 192.0 billion dollars from 167.0 billion and non-GAAP earnings to 25.50 dollars from 17.90. The stock rose 15.81 percent on September 2.
Why It Mattered
It is the largest guidance raise in the screen and it happened in a week when the technology sector fell 1.40 percent and software fell 3.05 percent, so none of the move is sector drift. At 20.3 times the company own raised earnings forecast, the price is not demanding for a business that just added 25 billion dollars to its revenue outlook in one quarter.
Risk Note
AI servers carry thinner margins than the rest of what Dell sells, so a mix that keeps shifting toward them can deliver the revenue and leave profit standing still. The stock closed at 97.3 percent of its 52 week high, and insiders filed five notices of proposed sale inside the measurement week after the move.
Reader Takeaway
A backlog is an order book, not a contract that cannot move. When a company raises a forecast this hard, the question that matters next is what margin the new revenue arrives at, not how large the number is.
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