Dell (DELL) Q4 Earnings: What To Expect

Kayode Omotosho

Wed, February 25, 2026 at 12:06 PM GMT+9 2 min read

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Computer hardware and IT solutions company Dell (NYSE:DELL) will be reporting results this Thursday after the bell. Here’s what to look for.

Dell met analysts’ revenue expectations last quarter, reporting revenues of $27.01 billion, up 10.8% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EPS guidance for next quarter estimates and revenue guidance for next quarter exceeding analysts’ expectations.

Is Dell a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Dell’s revenue to grow 32.5% year on year, improving from the 7.2% increase it recorded in the same quarter last year.

Dell Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dell has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Dell’s peers in the hardware & infrastructure segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Super Micro delivered year-on-year revenue growth of 123%, beating analysts’ expectations by 21.5%, and Diebold Nixdorf reported revenues up 11.7%, in line with consensus estimates. Super Micro traded up 13.8% following the results while Diebold Nixdorf was also up 11%.

Read our full analysis of Super Micro’s results here and Diebold Nixdorf’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the hardware & infrastructure stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 8.3% on average over the last month. Dell is up 1.7% during the same time and is heading into earnings with an average analyst price target of $157.78 (compared to the current share price of $117.88).

Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

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