Dell shares hit record highs after strong second-quarter results
Dell Technologies shares traded higher and reached all-time highs after strong second-quarter results, with the company topping analyst estimates and issuing third-quarter guidance above expectations.
Shares of Dell Technologies (NYSE: DELL ) are trading higher Thursday and hit new all-time highs thanks to strong second-quarter financial results.
The higher share price is good news for Dell CEO Michael Dell, who continues to climb the billionaires leaderboard in 2026.
Michael Dell’s Growing Net Worth Dell, the billionaire and not the company, has been one of the top gainers for wealth in 2026.
The gains come thanks to a roughly 40% ownership of his namesake company and a large stake in Broadcom Inc (NASDAQ: AVGO ) shares.
Going into Thursday, Dell ranked fifth on the Bloomberg Billionaire Index with a wealth of $241 billion.
That came after a $19.1 billion gain on Wednesday from Dell shares trading higher on earnings day.
Dell stock is now up another 4.7% on Thursday, adding to Dell’s wealth gains that will be realized later tonight.
The only bad news is Broadcom stock is currently trading lower Thursday.
Dell has added $101 billion to his wealth in 2026 This gain ranks second year-to-date, trailing only the world’s richest man Elon Musk, who is up an estimated $249 billion this year.
Heading into Thursday, Dell’s net worth of $241 billion was near his all-time high calculated.
The media outlet estimates Dell worth $244 billion in June and $249 billion in August.
Rising Dell shares could soon propel CEO Michael Dell’s wealth to an all-time peak.
Read Also: Dell Says the Data Center Is No Longer a Cost Center What’s Next for Dell (The Company) Dell beat second-quarter revenue and earnings per share estimates from analysts Wednesday.
The company posted record quarterly revenue for its Infrastructure Solutions Group, record AI-optimized servers revenue, record traditional servers and networking revenue and record commercial client revenue.
The company said its AI server business booked a record $60.9 billion in orders in the second quarter.
Dell ended the second quarter with a record $95 billion backlog.
Guidance for third quarter revenue and earnings per share came in ahead of analyst expectations.
Dell stock is up over 300% year-to-date in 2026.
Based on the recent quarterly results and guidance, the stock doesn’t show any signs of slowing down until the company stops setting records, beating analyst estimates and raising guidance.
Read Also: Dell Bets on a $1 Trillion AI Boom as AI Agents Set to Reshape Data Centers: COO Jeff Clarke Says ‘Scale of Our Deployment Capabilities Is Unmatched’ Photo: mrinalpal / Shutterstock.com