Dell (DELL) shares fell 11.3% on Wednesday, October 14, 2026, versus a 1.1% drop for the S&P 500, after Barclays downgraded the stock to Equal Weight from Overweight over concerns that enterprise AI adoption is lagging. Infrastructure Solutions Group generated $60.8 billion in fiscal 2026 (ended January 2026), 53.6% of revenue and up 39.5%, overtaking Client Solutions Group, which grew 5.4% to $51.0 billion; a year earlier the client business still accounted for 50.6% of revenue. Dell trades at 28.8 times trailing earnings versus 22.7 times for the S&P 500. Revenue rose 57.7% in fiscal Q2 2027, operating margin reached 11.6% (from 6.4%), and trailing-twelve-month net income hit $11.4 billion, more than double the $4.84 billion of the prior twelve months. The next report is expected around November 23, 2026.
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