• Dell Technologies announced in early September that Chief Financial Officer Yvonne McGill will resign effective September 9, 2025, with Senior Vice President David Kennedy taking on the interim CFO role, while the company reaffirmed its fiscal 2026 third quarter and full-year financial guidance and maintained its quarterly dividend at US$0.525 per share.
• The planned CFO transition combined with the reaffirmation of both guidance and dividend signals the company’s focus on continuity and transparent communication to investors during a leadership change.
• We’ll explore how the combination of executive transition and stable financial guidance could influence Dell’s longer-term investment outlook.

This technology could replace computers: discover 23 stocks that are working to make quantum computing a reality.

Dell Technologies Investment Narrative Recap

As a Dell Technologies shareholder, you need to be convinced that accelerating AI server adoption and enterprise demand will offset lingering margin risks in PCs and legacy hardware. The recent planned CFO transition, reaffirmed outlook, and steady dividend don't appear to materially affect the main near-term catalyst, enterprise AI growth, or heighten the most pressing risk, which remains margin compression from commodity hardware and the PC business cycle.

The most relevant recent announcement is Dell’s confirmation of its fiscal 2026 third quarter and full-year financial guidance. This consistency in guidance, despite a senior leadership change, helps reinforce management’s efforts to maintain stability and focus on long-term drivers such as data center expansion and enterprise solutions, rather than short-term disruptions.

But be mindful that while guidance is steady, the continued pressure on margins from traditional PC and hardware competition is one risk investors should not ignore...

Dell Technologies' narrative projects $122.2 billion in revenue and $7.4 billion in earnings by 2028. This requires 6.4% yearly revenue growth and a $2.6 billion earnings increase from $4.8 billion today.

Uncover how Dell Technologies' forecasts yield a $146.43 fair value, a 19% upside to its current price.

Exploring Other Perspectives

Twenty-one members of the Simply Wall St Community have valued Dell Technologies between US$102 and US$191 per share. While AI-driven growth remains a key catalyst, investor expectations can differ widely so consider several perspectives before making decisions.

Explore 21 other fair value estimates on Dell Technologies - why the stock might be worth as much as 55% more than the current price!

Build Your Own Dell Technologies Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Dell Technologies research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Dell Technologies research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Dell Technologies' overall financial health at a glance.

Ready To Venture Into Other Investment Styles?

Early movers are already taking notice. See the stocks they're targeting before they've flown the coop:

• We've found 18 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.
• These 11 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.
• The latest GPUs need a type of rare earth metal called Neodymium and there are only 29 companies in the world exploring or producing it. Find the list for free.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.