Dell Technologies Inc. stock gains on AI server momentum and insider selling

Dell Technologies Inc. stock (ISIN US24703L2025) closed at USD 588.40 on the New York Stock Exchange on September 17, 2026, up 4.46 percent for the day, as AI infrastructure names rallied and investors digested fresh insider selling disclosures and strong recent earnings momentum.

AI server demand drives earnings and guidance

The latest major driver for Dell Technologies Inc. stock is the company’s fiscal second quarter of 2027, in which revenue reached USD 46.97 billion, representing an increase of 57.75 percent compared with the prior-year period, according to an analysis from 24/7 Wall St on September 17, 2026.

In the same Q2 FY27 period, Dell reported non-GAAP earnings per share of USD 7.04, beating consensus expectations by 43.69 percent, while non-GAAP operating margin expanded to 12.6 percent from 7.7 percent a year earlier, highlighting the profitability impact of AI-optimized infrastructure, as detailed by 24/7 Wall St.

AI-optimized server revenue doubled in Q2 FY27 to USD 16.40 billion, and AI-related orders reached a record USD 60.90 billion with backlog rising to USD 95 billion, underscoring the scale of demand Dell is seeing from hyperscale and enterprise customers, according to 24/7 Wall St on September 17, 2026.

On the back of these figures, management raised full-year fiscal 2027 revenue guidance by USD 25 billion to USD 192 billion and lifted non-GAAP EPS guidance to USD 25.50, signaling confidence that elevated AI server demand can be sustained into coming quarters, as reported by 24/7 Wall St.

Insider selling contrasts with upbeat analyst sentiment

Despite the strong fundamental backdrop, recent filings show notable insider activity, including a transaction in which a major shareholder entity sold USD 25.9 million worth of Dell stock, a move that has attracted attention given the share price rally, according to Investing.com on September 17, 2026.

Per the same Investing.com report, Dell shares have climbed to USD 588.58, delivering a 357 percent return over the past year, which provides important context for the insider sale and suggests profit-taking at elevated valuation levels rather than an outright negative view of fundamentals, as Investing.com highlighted on September 17, 2026.

Analysts remain broadly constructive, with several houses lifting price targets following the Q2 FY27 report; Truist Securities raised its target to USD 505, TD Cowen increased its target to USD 500 and JPMorgan adjusted its price target to USD 635 while maintaining an Overweight rating, citing Dell’s performance in the fiscal second quarter of 2027 and robust AI server backlog, according to Investing.com.

RBC Capital has initiated coverage on Dell with an Outperform rating, pointing to strong enterprise demand for AI investments and compute modernization as catalysts for continued growth, while InvestingPro’s valuation work classifies the shares among its most overvalued names based on fair value models, illustrating a key tension investors must weigh, as reported by Investing.com on September 17, 2026.

Market reaction and upcoming earnings date

The broader market backdrop has been supportive, with AI hardware and semiconductor shares rising strongly; Dell Technologies was among the names gaining more than 4 percent as US equity indices advanced, reflecting investor rotation into AI-related infrastructure after a recent rate hike, according to a sector overview from Southern Finance dated September 18, 2026.

Looking ahead, the next expected earnings release for Dell Technologies is on November 24, 2026 for the quarter ending October 2026, with the Zacks Consensus Estimate calling for earnings of USD 6.64 per share, which would represent a year-over-year increase of 156.37 percent, according to Zacks on September 17, 2026.

The same Zacks overview notes that Dell’s last reported quarter delivered EPS of USD 7.04 versus a consensus of USD 4.97, amounting to a positive earnings surprise of 41.65 percent, which helps explain why 21 analysts have recently revised their earnings estimates upward for upcoming periods, as highlighted in the analyst commentary summarized by Investing.com.

Dell Technologies stock price and valuation snapshot

According to Nasdaq-linked data relayed by Zacks, Dell Technologies Inc. stock closed at USD 588.40 on the NYSE on September 17, 2026, with a trading volume of 9,331,258 shares and an after-hours indication of USD 589.11 later that evening, while the one-year gain of 357 percent cited by InvestingPro underscores how far the shares have run in a short time frame.

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