ATLAS News · Companies

Dell Technologies shares slide on Nov. 12 ahead of Nov. 24 earnings

Published November 12, 2026 · 4 sources

Dell Technologies stock fell on Nov. 12, with outlets citing a record AI server backlog as the company readies its fiscal third-quarter 2027 report on Nov. 24.

What happened

Dell Technologies (DELL) stock was lower on Nov. 12, according to Investing.com and TradingKey. TradingKey reports the move down was 5.10%.

BigGo Finance reports that Dell will publish fiscal third-quarter 2027 results on Nov. 24. It cites a record AI server backlog of $95 billion and $60.9 billion in AI orders.

Trefis notes that a $10,000 holding in Dell at the close on November 10, 2025, was worth about $26,460 by November 11, 2026, with dividends reinvested. The same sum in the S&P 500 would have been worth about $11,280.

Context

Dell Technologies sells servers and computing hardware, and investors often follow its AI server business closely around earnings reports.

Why it matters

The drop comes shortly before the quarterly report, which may keep attention on how the company's AI server demand is reflected in its results.

Stocks in this story

Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.

Dell TechnologiesDELL

−0.67%

Technology · NYSE

Live price

$339.03▼ -0.67%

live price · USD

Close on November 12: $371.17−0.67% vs. previous close ($373.68)
Fair value (ATLAS): $196.72Fair range: $119.77 to $220.37The price ($339.03) is 72.3% above that figure.
Chance of a rise in 1 month: 45%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $279.81 and $386.32; 9 in 10, between $210.22 and $514.20.

See the full ATLAS analysis of Dell Technologies →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

Dell's $95 Billion AI Backlog Meets a Skittish Chart Ahead of Nov. 24 Earnings · BigGo Finance · November 12, 2026
Was The Run In Dell Stock Hiding In Plain Sight? · Trefis · November 12, 2026
Why is Dell Technologies stock sliding today? · Investing.com · November 12, 2026
Dell Technologies Inc Stock (DELL) Moved Down by 5.10% on Nov 12: Facts Behind the Movement · TradingKey · November 12, 2026

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Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer