Dell Technologies (DELL) Wins $10B Govt Contract, Hits All-Time High

Published on May 30, 2026 at 2:27 am by Angelica Ballesteros in News

Dell Technologies Inc. (NYSE:DELL) is one of the 10 Stocks With Explosive Returns.

Dell Technologies extended its winning streak to a 7th straight session on Friday to climb to a new all-time high, as investors gobbled up shares after the company clinched a new $10-billion contract with the US government and posted a strong earnings performance in the first quarter of fiscal year 2027.

In intra-day trading, the stock climbed to its highest price of $429.15 before paring gains to finish the session just up by 32.76 percent at $420.91 apiece.

Photo by Pok Rie on Pexels

The Department of Defense announced on Wednesday that it awarded Dell Technologies Inc. (NYSE:DELL) a five-year contract to deliver a suite of software to the US military, including Microsoft 365, advanced cloud subscriptions, and on-premises licensing capabilities.

The company bested other competitors under a competitive selection process.

Dell Technologies Inc. (NYSE:DELL) is a major buyer of Windows PC licenses and maintains a long-term partnership with Microsoft.

The Pentagon said that the agreement is expected to save the agency $422 million annually by consolidating existing IT budgets into a single, efficient vehicle.

In other news, Dell Technologies Inc. (NYSE:DELL) posted a strong earnings performance in the first quarter of the year, with net income soaring by 256 percent to $3.4 billion from only $965 million in the same period last year. Net revenues increased by 88 percent to $43.8 billion from $23.4 billion year-on-year.