Dell Technologies has recently raised its long-term financial targets, driven by a significant surge in demand for artificial intelligence (AI) infrastructure. Following this positive outlook, the company’s stock rose approximately 3% on Tuesday. Dell also reaffirmed its guidance for the third quarter and for the entire fiscal year 2026.
Revised Financial Targets
The tech giant made notable revisions to its annual targets, extending through Fiscal 2030:
- Annual revenue growth target increased to 7–9%, up from the previous range of 3–4%.
- Adjusted diluted earnings per share (EPS) growth target doubled to exceed 15%.
- Commitment to increase quarterly dividends by a minimum of 10% each year until Fiscal 2030, an extension of its earlier strategy.
AI as a Central Growth Driver
Dell’s revised financial outlook demonstrates its confidence in AI-driven demand. The company aims to scale its solutions for both public and private sector clients. Chairman and CEO, Michael Dell, emphasized the strong customer appetite for AI technologies. He stated, “Customers are hungry for AI and the compute, storage, and networking we provide to deploy intelligence at scale.”
In recent years, Dell has experienced rapid growth in its AI business, which reportedly reached $20 billion in just two years. The demand for AI solutions, particularly those powered by Nvidia (NVDA) chips, has been exceptional.
Significant Partnerships
In 2025, Dell secured major server contracts with various clients, including:
- CoreWeave (CRWV)
- x.AI, a company associated with Elon Musk
- The U.S. Department of Energy
Stock Market Insights
On Wall Street, the consensus on DELL stock is categorized as a Moderate Buy, with 11 Buy ratings and five Hold ratings noted in the past three months. Currently, the average stock price target is set at $151, indicating an upside potential of approximately 3.09%.
This upward trajectory in financial targets and strong market demand positions Dell favorably in the evolving tech landscape, particularly in the AI sector.
