Dell Technologies names David Kennedy as interim CFO

ROUND ROCK, Texas - Dell Technologies (NYSE:DELL), a prominent player in the Technology Hardware industry with a market capitalization of $83 billion and annual revenue exceeding $101 billion, announced Monday that Chief Financial Officer Yvonne McGill will step down from her role effective September 9, 2025, after nearly 30 years with the company. According to InvestingPro data, Dell currently trades near its Fair Value, suggesting balanced market pricing.

David Kennedy, senior vice president of Dell Global Business Operations, Finance, will serve as interim CFO while the company conducts a search for a permanent successor. Kennedy brings 27 years of experience at Dell, having previously served as senior vice president and COO of Dell Global Sales and as CFO of the company’s Client Solutions Group.

McGill will remain in an advisory capacity through the third quarter of fiscal 2026 to facilitate the transition. During her nearly three-decade career at Dell, she held various leadership positions including corporate controller, chief accounting officer, and CFO of the Infrastructure Solutions Group. Under her financial leadership, Dell has maintained strong performance metrics, with InvestingPro reporting a healthy 10.5% revenue growth and consistent dividend increases for four consecutive years.

"I am incredibly honored to have worked alongside such a talented global team," McGill said in a statement. "I believe that after such long service with one company this is the right time for me to embark on my next chapter."

Michael Dell, chairman and CEO, acknowledged McGill’s contributions, noting her significant impact throughout her career at the company.

Dell Technologies reaffirmed its previously provided guidance for fiscal 2026 third quarter and full year that was issued on August 28, 2025. The company also announced it will share more about its key priorities and new long-term guidance at its Securities Analyst Meeting on October 7, 2025. Analysts tracked by InvestingPro maintain a bullish outlook, with price targets ranging from $104 to $180 per share. For deeper insights into Dell’s financial health and growth prospects, investors can access comprehensive Pro Research Reports covering 1,400+ top stocks, including detailed analysis of Dell’s market position and future potential.

The information in this article is based on a press release statement from Dell Technologies.

In other recent news, Dell reported strong financial results for its July quarter, with revenue of $29.8 billion and earnings per share of $2.32, both surpassing analyst expectations. The company’s Infrastructure Solutions Group experienced a significant 44% growth, contributing to a 19% year-over-year increase in overall sales. Dell’s AI server revenue reached $8.2 billion, with new orders totaling $5.6 billion, resulting in an AI backlog of $11.7 billion. This performance led Dell to revise its fiscal 2026 outlook, projecting mid/high-20% growth for its Infrastructure Solutions Group and a 12% year-over-year increase in total revenue.

Several analyst firms have adjusted their price targets for Dell, reflecting confidence in the company’s growth prospects. TD Cowen raised its price target to $130, citing robust AI server demand, while Raymond James increased its target to $152 following Dell’s fiscal second-quarter results. Barclays and BofA Securities also raised their price targets to $131 and $167, respectively, highlighting Dell’s strong AI server growth. Evercore ISI maintained its price target at $160, following Dell’s earnings report that exceeded expectations. These developments indicate a positive outlook among analysts for Dell’s future performance.

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