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Dell (DELL) Research and Investment Analysis

Dell's leadership in the hardware space is underscored by its 28% revenue growth in the first quarter of 2026, significantly outpacing its primary competitors. This performance is supported by a broader recovery in the global PC market, where average selling prices rose 10% to $961, particularly within commercial and government verticals. Institutional sentiment reflects a strategic rotation toward hardware and semiconductors, as investors move away from software to capture AI-driven infrastructure momentum. Research indicates that demand for AI infrastructure remains highly durable, with customers increasingly willing to absorb supply chain costs to ensure favorable lead times. However, the outlook is tempered by macro sensitivities, including rising bond yields and potential infrastructure bottlenecks such as power and fiber deficits. As Dell prepares for its late-May earnings release, market participants are closely monitoring its ability to sustain this growth amidst a tactical environment where high institutional leverage and AI megatrends dominate the narrative.

18 reports available

AI Project Pulse May 2026

Goldman Sachs·Jun 3, 2026

The report tracks May 2026 developments in AI infrastructure, noting a trend of neocloud vertical integration via M&A and a rise in hybrid enterprise AI deployments.

Dell and Lenovo AI Hardware Boom Update

Goldman Sachs (Asia) L.L.C.·May 29, 2026

Dell and Lenovo are experiencing significant stock rallies as they monetize the AI hardware boom through servers and AI-enabled PCs.

Dell and Lenovo AI Hardware Performance Update

Goldman Sachs (Asia) L.L.C.·May 29, 2026

Dell and Lenovo have seen massive stock rallies following strong evidence of AI hardware monetization in servers and PCs. Goldman Sachs remains constructive on both, citing raised guidance and an emerging AI PC replacement cycle.

TMT Specialist Sales: Dell AI Server Growth and Market Update

Goldman Sachs·May 29, 2026

Dell dominates TMT headlines with a major earnings beat and a $10 billion increase in AI server revenue projections. The broader sector sees a split between established AI beneficiaries and incumbents like Dassault Systèmes facing new competitive threats from AI startups.

TMT Specialist Sales Update: Dell and AI Competition

Goldman Sachs·May 29, 2026

Dell's massive AI server-driven earnings beat headlines a TMT update covering software sector volatility and emerging AI competitive threats for design platforms.

Americas Morning Research Summary

Barclays·Jun 1, 2026

A comprehensive daily summary of Barclays' equity research across the Americas, focusing on significant rating changes in tech and healthcare, and the accelerating impact of AI on market dynamics.

The Day Ahead North America

LSEG Data & Analytics·May 25, 2026

Equity Weekly

Bank Syz Ltd·Jun 1, 2026

AI to Drive Growth Ahead

Goldman Sachs·May 26, 2026

All reports

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