Dell Technologies (DELL) Climbs 22% on Earnings Blowout, Dividend Hike

We recently published 10 Stocks Ending February With a Bang. Dell Technologies Inc. (NYSE:DELL) was one of the best performers on Friday.

Dell Technologies soared by 21.93 percent on Friday to close at $148.08 apiece, as investor sentiment was boosted by a flurry of positive developments, including stellar earnings, an upbeat outlook, and a cash dividend increase, among others.

In an updated report, Dell Technologies Inc. (NYSE:DELL) said that it grew its attributable net income in the full fiscal year ending January 2026 by 29 percent to $5.9 billion from $4.59 billion a year earlier. Net revenues increased by 19 percent to $113.5 billion from $95.57 billion.

In the fourth quarter alone, attributable net profit surged by 47 percent to $2.26 billion from $1.5 billion, while total net revenues increased by 39 percent to $33.38 billion from $23.9 billion.

“The AI opportunity is transforming our company. We closed more than $64 billion in AI-optimized server orders, shipped more than $25 billion throughout the year, and are entering FY27 with a record backlog of $43 billion—powerful proof that our engineering leadership and differentiated AI solutions are winning,” said Dell Technologies Inc. (NYSE:DELL) Vice Chairman and Chief Operating Officer Jeff Clarke.

Computer with charts

Following the results, Dell Technologies Inc. (NYSE:DELL) announced that it would raise its cash dividends by 20 percent to $2.52 per share—its fourth straight year of double-digit dividend hike—and likewise allocated $10 billion more for a new round of share buyback.

For full-year 2027, the company is targeting to grow its revenues by 23 percent, diluted EPS by 33 percent, and non-GAAP diluted EPS of 25 percent.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Follow Insider Monkey on Google News.