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MENLO PARK, CA—On June 10, 2025, Silver Lake entities, significant stakeholders in Dell Technologies Inc. (NYSE:DELL), a $75.6 billion technology hardware giant with annual revenue of $96.7 billion, executed a notable series of stock transactions, resulting in the sale of Dell’s Class C Common Stock worth approximately $35.4 million. The shares were sold at prices ranging from $113.99 to $114.51 per share.
The sales were conducted across several Silver Lake-affiliated entities, including SL SPV-2, L.P., Silver Lake Partners IV, L.P., and Silver Lake Partners V DE (AIV), L.P., among others. These transactions were part of a broader strategy involving the conversion of Class B Common Stock into Class C Common Stock, as noted in the SEC Form 4 filing.
The transactions underscore Silver Lake’s ongoing role as a major player in Dell’s shareholder landscape. With a P/E ratio of 17.45 and strong returns over multiple timeframes, Dell has attracted significant analyst attention, with 14 analysts recently revising earnings estimates upward. Investors and analysts will be watching closely to see how this activity impacts Dell’s stock performance and the broader market’s response. For deeper insights into Dell’s valuation and growth prospects, including exclusive financial health scores and analyst forecasts, check out the comprehensive research available on InvestingPro.
In other recent news, Dell Technologies has announced a significant inflow of AI server orders, totaling over $12 billion in the first quarter, with expectations to ship approximately $7 billion worth in the upcoming quarter. Despite this positive development, Dell’s first-quarter fiscal 2026 earnings per share (EPS) and earnings before interest and taxes (EBIT) fell short of expectations, prompting a downward revision of its EBIT forecast to $9.1-$9.5 billion. Analysts at UBS and Goldman Sachs have maintained their Buy ratings on Dell, with UBS adjusting the stock price target to $145 and Goldman Sachs maintaining it at $130, highlighting the strength in AI server orders and share buybacks as counterbalancing factors. Meanwhile, Aletheia Capital also reiterated a Buy rating with a price target of $150, reflecting confidence in Dell’s market potential.
TD Cowen analyst Krish Sankar raised Dell’s stock price target to $125, citing robust AI server orders and Commercial PC sales, alongside disciplined cost management and share buybacks. Dell has maintained its fiscal year 2026 revenue outlook at $101-105 billion, with a new EPS forecast of approximately $9.40. Challenges remain, as the Trump administration’s initiative to reduce federal contract spending could impact companies like Dell, which have received letters from the General Services Administration urging cost-cutting measures. Despite these challenges, analysts suggest that Dell’s diversified revenue streams and strong client relationships position it well to navigate the evolving landscape of IT spending and government procurement practices.
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