Dell Technologies stock falls 4.59 percent after record high
Published on 09/23/2026 at 11:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Dell Technologies Inc. (US24703L2025) closed at USD 548.92 on the NYSE on September 22, 2026, down 4.59 percent from USD 575.31. The move followed a 52-week high of USD 595.51 recorded on September 18, leaving the stock 7.84 percent below that level.
Quarterly earnings beat estimates
The latest reported quarter was the second quarter of fiscal 2027, announced on September 1, 2026. According to MarketBeat, Dell generated USD 46.97 billion in quarterly revenue, up 57.7 percent from the same quarter of the prior year. Earnings per share reached USD 7.04, exceeding the USD 4.91 consensus estimate by USD 2.13.
The comparison is unusually wide: EPS was USD 1.70 in the year-earlier quarter, while the latest result was USD 7.04. The same report gave Dell fiscal 2027 EPS guidance of USD 25.50 and third-quarter fiscal 2027 guidance of USD 6.50.
AI servers drive the outlook
Dell's growth case is increasingly tied to artificial intelligence infrastructure. According to Weiss Ratings on September 22, 2026, AI-server revenue reached USD 16.4 billion in the latest quarter, approximately double the prior year's level. The company also raised its fiscal 2027 revenue guidance to USD 192 billion from USD 167 billion and lifted AI-server revenue guidance to USD 74 billion from USD 60 billion.
The guidance change adds a concrete counterweight to the share-price pullback. It also raises the execution bar: the stock's market capitalization was approximately USD 349.70 billion on September 22, while trading volume reached 9,595,176 shares, above the reported average volume of 8,445,888 shares.
Stock remains near yearly high
Dell traded between USD 547.71 and USD 550.00 during the September 22 session, according to the reported NYSE market data. The 52-week range was USD 110.22 to USD 595.51, so the latest close remained far above the annual low despite the daily decline.
MarketBeat reported on September 22 that analysts held a Moderate Buy consensus with an average price target of USD 560.72. That target was USD 11.80, or 2.15 percent, above the USD 548.92 close, leaving the market's near-term valuation debate centered on whether AI infrastructure growth can justify the premium multiple.
Dell stock closes at USD 548.92
Dell Technologies stock closed at USD 548.92 on the NYSE on September 22, 2026, after falling 4.59 percent. The price remained USD 46.59 below the 52-week high of USD 595.51 and USD 438.70 above the 52-week low of USD 110.22.
Dell Technologies stock data
- Company: Dell Technologies Inc.
- ISIN: US24703L2025
- Ticker: DELL
- Trading venue: NYSE
- Price as of September 22, 2026: USD 548.92
- Market capitalization as of September 22, 2026: USD 349.70 billion
- Sector / Industry: Information technology / Technology hardware, storage and peripherals
