Dell Technologies Inc (NASDAQ:DELL) will report its first quarter results next week, with Bank of America analysts forecasting the company will surpass Wall Street expectations on both revenue and earnings while raising its full-year outlook.
The brokerage reiterated its ‘Buy’ rating on Dell shares and increased its price target to $280 from $246, citing sustained demand for artificial intelligence servers, stronger-than-expected PC trends in the first half of the year, and improving infrastructure solutions revenue
Shares of Dell traded up 4% at $245 on Wednesday, up about 95% so far in 2026. Bank of America said it expects Dell to deliver first-quarter revenue and earnings per share above consensus estimates, while also issuing second-quarter guidance ahead of market expectations. The firm projects Q2 revenue in a range of $37 billion to $40 billion, compared with Street estimates of roughly $35 billion.
Earnings per share are expected between $2.85 and $3.05, versus consensus expectations near $2.87. For the full fiscal year, the analysts expect Dell to raise its revenue outlook to between $143 billion and $147 billion. They also forecast adjusted earnings per share guidance to increase to a range of $12.85 to $13.25, reflecting stronger first-quarter results and improved near-term guidance.