Dell Technologies (NYSE: DELL) reports its quarterly earnings after the market closes today, May 29, 2025. Based on options pricing, traders are anticipating a move of approximately 9% in either direction.
The stock has climbed more than 21% over the past month. As of the market open, Dell was trading at $114.30, up 0.47% from the previous close.
Looking back at Dell’s post-earnings reactions
Analysts anticipate the company will post revenue of $23.1 billion and adjusted earnings of $1.70 per share for the quarter.
The company has a solid record when it comes to earnings. According to Zacks, Dell has topped consensus EPS estimates in each of the last 12 quarters. EPS, or earnings per share, is a common measure of profitability. An “EPS surprise” happens when actual results come in higher or lower than expected.
That said, beating expectations doesn’t always mean the stock will rise. Here’s a look at how Dell’s shares have reacted the day after earnings over the past two years:
| Earnings date | Fiscal quarter | Next-day stock price change (% at close) |
| May 30, 2023 | Q1 FY2024 | -1.8% |
| Aug 31, 2023 | Q2 FY2024 | +5.5% |
| Nov 30, 2023 | Q3 FY2024 | -2.3% |
| Feb 29, 2024 | Q4 FY2024 | +3.7% |
| May 30, 2024 | Q1 FY2025 | -1.2% |
| Aug 29, 2024 | Q2 FY2025 | +4.1% |
| Nov 28, 2024 | Q3 FY2025 | -3.5% |
| Feb 27, 2025 | Q4 FY2025 | -7.0% |
| May 29, 2025 | Q1 FY2026 | TBD |
As the table shows, a positive EPS surprise doesn’t always translate into a next-day stock price jump, especially if guidance is soft or broader sentiment is shaky. In fact, looking at the past eight quarters, Dell’s stock has fallen the day after earnings 62.5% of the time, rising only in three of those instances. That track record suggests investors tend to react cautiously, even when the company beats expectations.
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