Abstract

Dell Technologies Inc. will report quarterly results on February 26, 2026 Post Market, with consensus models indicating double-digit year-over-year growth in revenue and adjusted EPS supported by continued momentum in AI-focused infrastructure shipments and stable execution in core client solutions.

Market Forecast

Consensus expectations for the current quarter point to revenue of 31.67 billion (+28.95% year over year), EBIT of 3.24 billion (+29.95% year over year), and adjusted EPS of 3.53 (+39.57% year over year). Margin guidance has not been provided within the collected forecast data.

The main business continues to be driven by enterprise infrastructure demand, with steady execution in end-to-end solutions and a mix shift toward higher-value configurations. The most promising segment is infrastructure solutions, which delivered 14.11 billion last quarter, reflecting a larger share of the company’s revenue mix due to AI-optimized server and storage demand.

Last Quarter Review

The previous quarter delivered revenue of 27.01 billion, a gross profit margin of 20.83%, GAAP net profit attributable to the parent company of 1.55 billion, a net profit margin of 5.73%, and adjusted EPS of 2.59, up 20.47% year over year.

A notable financial highlight was a quarter-on-quarter increase in GAAP net profit of 32.99%, supported by operating leverage and disciplined cost management. The main business mix featured Infrastructure Solutions Group at 14.11 billion and Client Solutions Group at 12.48 billion, alongside Corporate and Other at 0.42 billion, underscoring the growing contribution of infrastructure to overall results.

Current Quarter Outlook

Infrastructure Solutions Group

Infrastructure Solutions Group is positioned as the primary earnings engine this quarter, supported by sustained customer interest in AI-optimized server tiers, networking, and storage solutions. The mix shift toward higher-value configurations typically correlates with improved EBIT trajectories, reflected in the consensus forecast for 3.24 billion of EBIT, up 29.95% year over year. Order activity in enterprise infrastructure often spans multi-quarter deployment cycles, which can provide visibility into near-term revenue recognition while allowing supply chain scheduling to smooth component cost variability. Pricing discipline and solution bundling are key elements to maintain the gross margin line, especially as component inputs like memory experience cost fluctuations; evidence from analyst channels suggests Dell Technologies Inc. can navigate higher memory prices through configuration choices, procurement timing, and value-added services that preserve margin contribution. The last quarter’s revenue of 14.11 billion for ISG illustrates the segment’s centrality to the company’s revenue base, and the current quarter’s consensus implies further expansion aligned with enterprise AI workloads and data center modernization agendas without requiring outsized volume growth in any single product line.

AI-Optimized Servers and Storage

AI-centric infrastructure appears to be the most promising business driver for this quarter’s results, with demand characterized by accelerated adoption of GPU-rich server designs, dense memory configurations, and high-throughput storage to support training and inference. The consensus model’s 28.95% year-over-year revenue growth and 39.57% year-over-year adjusted EPS growth presume sustained AI pipeline conversion into shipments and stable services attachment, reinforcing top-line and operating margin prospects. Component cost headwinds—particularly in dynamic random-access memory—are a watch point; however, multiple analyst notes indicate that Dell Technologies Inc. has levers to mitigate input price volatility via architecture choices, portfolio breadth, and commercial terms. Storage, networking, and software-enabled management layers also diversify revenue contribution within AI deployments, enabling a wider mix of deal sizes and recurring support relationships. The last quarter’s 14.11 billion in infrastructure solutions revenue sets a strong base from which AI-oriented product categories can contribute incremental growth; the company’s focus on end-to-end solutions integration supports deal closure and deployment timelines that match the pace of customer adoption.

Key Stock Price Drivers This Quarter

Stock performance around the print is likely to track three focused signals: delivery against revenue consensus, magnitude of adjusted EPS compared with the 3.53 expectation, and qualitative commentary on component costs and margin resilience. A beat on revenue—anchored by infrastructure shipments—combined with confirmation of stable gross margin dynamics would support the thesis embedded in current forecasts. The company’s narrative on memory cost trends, configuration mix, and services attachment will be closely parsed for implications on net margin progression and sustainability of EBIT expansion. Segment mix is another important datapoint: incremental share captured by Infrastructure Solutions Group can lift profitability provided pricing and cost management remain aligned; meanwhile, Client Solutions Group performance contributes to cash flow stability, with PC demand recovery pockets potentially adding modest upside to the quarter. Analyst commentary this season flags enterprise hardware budgets and price sensitivity as variables, so management’s guidance on order pipelines, backlog conversion, and component availability will inform whether the trajectory suggested by consensus is reinforced into subsequent quarters.

Analyst Opinions

Bullish opinions constitute the majority of collected views during the January 1, 2026 to February 19, 2026 window, outweighing bearish stances by a clear margin. Recent notes highlight multiple Buy or Overweight ratings with supportive price targets and constructive outlooks for the quarter and beyond.

Citi’s Asiya Merchant maintained a Buy rating and adjusted the price target to 160 dollars on February 13, 2026, emphasizing confidence in near-term execution and the earnings algorithm tied to infrastructure momentum. Goldman Sachs analyst Mike Ng reaffirmed a Buy rating with a 165 dollars price target on January 13, 2026, pointing to revenue growth vectors in higher-value configurations and AI-led demand that underpin upside to models. Bank of America’s Wamsi Mohan reiterated a constructive stance through mid-January and mid-February commentary, including a price target revision to 150 dollars on February 12, 2026 while noting on February 13, 2026 that Dell Technologies Inc. is poised to navigate memory cost headwinds through procurement discipline and solution mix. Barclays upgraded the shares to Overweight on January 16, 2026 with a 148 dollars price target, a change in stance that reflected improving visibility into AI-optimized infrastructure sales and the durability of the company’s commercial execution.

The majority view coalesces around the premise that Dell Technologies Inc. can deliver a quarter aligned with or slightly ahead of consensus, driven by Infrastructure Solutions Group shipments and disciplined cost control. The constructive stance also anticipates ongoing EPS leverage from services and software layers attached to infrastructure deals, which can sustain profitability even when component costs fluctuate. Analysts in the majority camp see configuration breadth and a diversified portfolio as differentiators that mitigate single-point risks, enabling management to steer gross margin and net margin within acceptable ranges while maintaining revenue growth. In this context, investor focus will be on confirmation of the 31.67 billion revenue estimate (+28.95% year over year), the 3.24 billion EBIT estimate (+29.95% year over year), and adjusted EPS around 3.53 (+39.57% year over year), with commentary on memory costs serving as a validating datapoint rather than a derailment. The majority conclusion is that the balance of evidence favors a supportive setup into February 26, 2026 Post Market, as long as management’s qualitative guide validates the trajectory implied by consensus models and the segment mix continues to tilt toward AI-infrastructure-led sales.