Stocks股票 / Tech / DELL
Dell Technologies · Tech
DELL US listed · USD美股 · 美元
Dell Technologies Inc. is an American multinational technology company that has been headquartered in Round Rock, Texas, since 1994.戴尔科技公司是一家美国跨国科技企业，自1994年起总部设在得克萨斯州朗德罗克。
Mega cap超大盘 · $249B
High-beta momentum高贝塔动量
Tech
S&P 500标普500
$381.88
-$14.46 · -3.65%
52w low52周低 $108high高 $484
Extended — don't chase; wait for a pullback过度拉升 — 勿追高；等待回撤
A cycle low is due in roughly ~0–2 trading days — watch for the turn, don't front-run it.周期低点预计在约 ~0–2 个交易日内出现——等待转向，切勿抢跑。
Engine read引擎解读 · 2026-07-21
Price chart价格图表
daily · interactive日线 · 可交互
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Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
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Technicals技术面
daily bars日线数据 · 2026-07-21
Momentum (RSI 14)动量（RSI 14）
45
Neutral zone中性区域
vs 50-day average相对50日均线
+3.7% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
+89.1% above上方
Long trend up长期向上
Volatility波动率
81th percentile第81百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
Estimates being raised — 4 analysts预期上调 — 4 位分析师
Valuation估值
Looks cheap vs sector相对行业偏便宜| Multiple指标 | DELL | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 41.95x | 40.25 | |
| P/S市销率 | 2.19x | 4.85 | |
| Earnings yield盈利收益率 | 2.38% | 2.18 | |
| FCF yield自由现金流收益率 | 3.43% | 3.07 | |
| Shareholder yield股东收益率 | 3.00% | 2.14 | |
| EV/EBITDA企业价值/EBITDA | 24.06x | 28.83 | |
| P/FCF市值/自由现金流 | 29.11x | 29.15 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
5-yr growth5年复合增速 3.8%
Earnings per share每股收益
5-yr growth5年复合增速 15.5%
Free cash flow自由现金流
Gross margin毛利率
20.0%
Operating margin营业利润率
7.2%
Net margin净利率
5.2%
FCF margin自由现金流利润率
9.9%
Balance-sheet quality财务体质 7/9
Bankruptcy risk: grey zone破产风险：灰色区
Return on equity股本回报率 -240%
Warning警示
Leverage杠杆
Net debt / EBITDA净债务/EBITDA1.79
Current ratio流动比率0.91
Capital allocation资本配置
Buybacks (TTM)回购（TTM）$6.0B
Stock-based comp股权薪酬$723.0M
Share count change (1y)股数变化（1年）-6.3%
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Sector / Theme行业/主题
Technology (Equal-Weight) theme — #23 of 46 themes「信息技术（等权）」主题 — 46 个主题中第 23 位
Macro宏观
Rate risk runs through its market / growth beta, not a distinct duration leg.其利率风险通过市场／成长beta体现，并无独立的久期暴露。
Positioning持仓
Short interest changed -17.9%空头仓位变动 -17.9%
Technical技术面
NEARING A HIGH → UNCONFIRMED TURN接近高点 → 未确认转向
Options positioning期权持仓
as of last close截至上一收盘Market makers are net long gamma — price pinned near current level做市商净持有正伽玛，价格倾向于在当前水平附近震荡
Expected daily move预期日波动
±5.39%
Expected weekly move预期周波动
±12.06%
Gamma flip伽玛翻转位
$360
25d risk reversal25d风险逆转
-6.1%
Flow:资金流向： $115M premium traded; 68% 0DTE; 185 fresh positions; P/C 1.12; net new PUT positioning (defensive / hedging) (ΔOI +25,994); ~leans bullish (direction approx)成交权利金 $115M；0DTE占68%；185个新建仓；看跌看涨比 1.12；净新增看跌持仓（防御/对冲）（ΔOI +25,994）；≈偏看涨（方向近似）
Skew: fear偏斜：避险
Call and put walls are plotted on the Trade levels ladder →看涨/看跌期权墙已标注在「交易点位」阶梯上 →
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$2414.9M net (0 buyers, 19 sellers)-$2414.9M 净值（0 买家，19 卖家）
Signal history信号历史
engine events引擎事件
UNCONFIRMED TURN → NEARING A LOW未确认转向 → 接近低点
GET READY. Day 124 of a typical 23-44-day cycle — inside the window where lows usually form. No confirmed turn yet. Last cycle was left-translated (topped early) — a bearish structural tell准备。典型 23-44 天周期的第 124 天——处于低点通常形成的窗口内。尚无确认的转向。 上一周期为左移结构（见顶偏早）——属于看空的结构性信号
Jul 15, 2026
NEARING A HIGH → UNCONFIRMED TURN接近高点 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Jul 13, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Jul 10, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Jul 8, 2026
DELL took relative-strength leadershipDELL 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $431.97.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$431.97。
Jul 8, 2026
DELL StochRSI turned up from oversoldDELL StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $431.97.StochRSI重回20上方 — 下行动量趋缓的最早预警。$431.97。
Jul 7, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Jul 2, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Jun 30, 2026
DELL StochRSI turned up from oversoldDELL StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $431.46.StochRSI重回20上方 — 下行动量趋缓的最早预警。$431.46。
Showing the last 15 of显示最近15条，共 105 signals条信号
Company profile公司档案
Dell Technologies Inc. is an American multinational technology company that has been headquartered in Round Rock, Texas, since 1994.戴尔科技公司是一家美国跨国科技企业，自1994年起总部设在得克萨斯州朗德罗克。
Demand chain:需求链： Hyperscaler capex accelerating (+69% YoY to ~$379B) — the demand pool for AI infrastructure (compute, memory, networking)云厂商资本开支加速（同比+69%，约 $379B）——AI 基础设施（算力／内存／网络）的需求来源
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Profitability盈利能力
Below market低于市场
Quality质量
Below market低于市场
Investment资本投入
Below market低于市场
Shareholder payout股东回报
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Below market低于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Margin compression despite revenue growth
- Receivables stretch
- Inventory build
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（静态） | 42.0× | 40.2× | 47% |
| Price / Sales市销率 | 2.2× | 4.8× | 76% |
| EV / EBITDAEV/EBITDA | 24.1× | 28.8× | 56% |
| Earnings yield盈利收益率 | 2.4% | 2.2% | 55% |
| Free-cash-flow yield自由现金流收益率 | 4.5% | 4.2% | 56% |
| Shareholder yield股东综合回报率 | 3.0% | 2.1% | 61% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
97/100 — stronger than most强于多数
vs market, 3 months相对大盘（3个月）
99/100 — stronger than most强于多数
vs market, 6 months相对大盘（6个月）
99/100 — stronger than most强于多数
vs market, 12 months相对大盘（12个月）
98/100 — stronger than most强于多数
Rank in sector行业内排名
#19 / 184
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -10.6% | -0.9% |
| 1 Month近1月 | -6.7% | -0.6% |
| 3 Months近3月 | +79.8% | +5.4% |
| 6 Months近6月 | +238.2% | +8.6% |
| Year to date年初至今 | +201.0% | +8.9% |
| 1 Year近1年 | +195.4% | +19.2% |
Trading information交易信息
Beta vs market贝塔
1.93
Volatility rank波动率分位
81th pctile
Short interest空头占比
2.0% of float
Market cap市值
$249B
EPS (trailing)每股收益
$9.10
Off 52-week high距52周高点
-18.0%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | 20262026 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $94.2B | $101.2B | $102.3B | $88.4B | $95.6B | $113.5B |
| EPS每股收益 | $4.22 | — | — | — | $6.38 | $8.68 |
| Free cash flow自由现金流 | $9.3B | $7.5B | $562M | $5.9B | $1.9B | $8.6B |
| Gross margin毛利率 | 31.2% | 21.6% | 22.2% | 23.6% | 22.2% | 20.0% |
| Net margin净利率 | 3.4% | 5.5% | 2.4% | 3.6% | 4.8% | 5.2% |
| FCF margin自由现金流利润率 | 9.9% | 7.4% | 0.5% | 6.7% | 2.0% | 7.5% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$113.5B
Gross profit毛利润
$22.7B
Net income净利润
$5.9B
Operating cash flow经营现金流
$11.2B
Total assets总资产
$101.3B
Shareholder equity股东权益
$-2.5B
Long-term debt长期负债
$23.5B
Dividends paid股息支出
$1.5B
Buybacks股票回购
$6.0B
Shares outstanding总股本
0.65B
Returns & growth回报与增长
Return on equity股本回报率
-240.3%
Return on assets资产回报率
5.9%
Debt / assets负债/资产
23.2%
Profit growth利润增速
+29.7%
Asset growth资产增速
+27.0%
Accounting quality checks会计质量检查
- Earnings quality: accruals near the peer median盈利质量：应计利润接近同业中位
- Working capital: inventory +207% vs sales +20% — inventory building, demand risk营运资本：存货 +207% 对销售 +20%——存货积压，需求风险
- Pricing power: gross margin −11.2pts over 6 years定价能力：毛利率 6 年下降 11.2 个百分点
- Capital discipline: assets +27.0% (aggressive expansion)资本纪律：资产 +27.0%（扩张激进）
- Balance sheet: Altman Z 2.81 — grey zone资产负债表：Altman Z 2.81——灰色区
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
45
RSI (2-day)RSI（2日）
15
vs 20-day average相对20日均线
-8.7%
vs 50-day average相对50日均线
+3.7%
vs 200-day average相对200日均线
+89.1%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum down — fresh downturn动能向下——刚刚转弱
Weekly周线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
expanding — range opening up扩张中 — 波幅放大
Range width percentile波幅宽度分位
48/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Estimate revisions预期修正
Analysts covering覆盖分析师
4
Estimate direction预期调整方向
mostly raising多数上调
Estimate change, 90 days预期变化（90天）
+51.9%
Net upgrades, 30 days净上调（30天）
+4
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Options — full detail期权持仓 — 完整明细
Dealer positioning map做市商持仓地图
Call wall看涨期权墙
$400
Put wall看跌期权墙
$370
Gamma flip伽玛翻转位
$360
Upside magnet上方磁吸位
$400
Downside magnet下方磁吸位
$350
Net dealer gamma做市商净伽玛
+$0.0B
Distance to flip距翻转位
+5.8%
Walls and magnets are strikes with heavy open interest — price often slows or gravitates there.期权墙与磁吸位是未平仓集中的行权价 — 价格常在附近减速或被吸引。
Volatility pricing波动率定价
Implied volatility (30d)隐含波动率（30天）
1%
25-delta risk reversal25-delta风险逆转
-6.1%
Call-put IV spread看涨-看跌IV价差
-0.1pp
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$2,414.9M
Insider buyers vs sellers内部人买家vs卖家
0 : 19
Short interest空头占流通盘
2.0%
Days to cover回补天数
1.5
Short interest change空头变化
-17.9%
Recent fund flows近期基金流向
Roundhill Generative AI & TechRoundhill Generative AI & Tech
accumulating持续增持
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。