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DELL
Dell Technologies Inc. · Technology
$405.37
-4.52% this month
VERSUS
⟷
COMPARE
HPE
Hewlett Packard Enterprise Company · Technology
$50.24
+21.85% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
DELL
2
HPE
2
Comparison scoreboard
MIXED SETUPAI Score
DELL ✓69.3
HPE 61.8
1Y Return
DELL ✓+209.39%
HPE +153.61%
Fwd P/E
DELL 19.63
HPE ✓11.94
Target Up.
DELL +17.19%
HPE ✓+36.86%
Op. Margin
DELL N/A
HPE 8.70%
Metrics last refreshed: 8/4/2026
Quick take
DELL vs HPE: Dell vs HPE Stock Comparison: AI Score, Valuation, Performance and Upside
Dell is the larger, more diversified IT hardware company with market-leading AI server share and a significant PC business. HPE is focused purely on enterprise infrastructure with a growing as-a-service model (GreenLake) and HPC/supercomputing heritage. Dell has AI server scale; HPE has GreenLake recurring revenue and HPC depth.
Use this DELL vs HPE comparison to evaluate two ways to invest in AI server infrastructure. Dell offers the broadest AI server portfolio and market share; HPE offers a hybrid cloud platform and HPC specialization.
Live analysis · updated 8/4/2026
DELL and HPE are closely matched — they split the tracked metrics evenly. DELL has delivered stronger 1-year price return (+209.39% vs +153.61%), though HPE has the better forward P/E setup (11.94x vs 19.63x for DELL). Analyst consensus implies meaningfully more upside for HPE (+36.86%) than for DELL (+17.19%).
Normalized 1Y performance
DELL
HPE
Recent returns
DELL
HPE
Analyst price targets & sentiment
DELL · 23 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.8/5.0)
Price target range
analyst low$360.00
analyst high$700.00
analyst mean$502.78
current price$405.37
+17.2% upside to analyst mean
HPE
Price target range
analyst mean$65.56
current price$50.24
+36.9% upside to analyst mean
Who should consider this stock?
DELL may suit investors who:
- →Want the market-leading AI server vendor with the broadest NVIDIA GPU server portfolio
- →Value Dell's diversified revenue across servers, storage, PCs, and services as providing cycle resilience
- →Believe AI server order backlog growth will drive sustained Infrastructure Solutions revenue acceleration
- →Prefer a larger, more liquid stock with higher analyst coverage and institutional ownership
HPE may suit investors who:
- →Prefer a pure enterprise infrastructure play without PC market exposure
- →Value GreenLake's as-a-service recurring revenue model as a shift toward higher-quality earnings
- →Believe HPE's HPC and supercomputing expertise gives it an edge in high-end AI compute deployments
- →Want networking exposure via the Juniper Networks acquisition alongside server infrastructure
Performance & AI score
| Metric | DELL | HPE |
|---|---|---|
| AI score | 69.3 | 61.8 |
| AI rank | #39 | #157 |
| Latest close | $405.37 | $50.24 |
| 1M return | -4.52% | +21.85% |
| 6M return | +243.74% | +128.26% |
| 1Y return | +209.39% | +153.61% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | DELL | HPE |
|---|---|---|
| 1Y ago | $31.34K (+213.4%) started 2025-07-31 | $25.09K (+150.9%) started 2025-08-04 |
| 5Y ago | $101.06K (+910.6%) started 2021-08-02 | $43.15K (+331.5%) started 2021-08-05 |
| 10Y ago | $408.71K (+3987.1%) started 2016-08-17 | $67.29K (+572.9%) started 2016-08-05 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | DELL | HPE |
|---|---|---|
| Market cap | $277.21B | $63.43B |
| Trailing P/E | 34.13 | 44.77 |
| Forward P/E | 19.63 | 11.94 |
| Price/Sales | 2.07 | N/A |
| EV/Revenue | 2.11 | 2.05 |
| Analyst target | $502.78 | $65.56 |
| Target upside | +17.19% | +36.86% |
Growth, profitability & risk
| Metric | DELL | HPE |
|---|---|---|
| Revenue growth | 87.50% | 40.00% |
| Earnings growth | 282.50% | -30.30% |
| EPS growth | +282.50% | -30.30% |
| FCF margin | +4.06% | +9.89% |
| Operating margin | N/A | 8.70% |
| Profit margin | 6.28% | 4.01% |
| ROIC proxy | N/A | 6.31% |
| Return on equity | N/A | 6.31% |
| Dividend yield | 0.62% | 1.19% |
| Beta | 1.40 | 1.44 |
| Debt/equity | N/A | 84.03 |
| Current ratio | 0.95 | 1.09 |
| Quick ratio | 0.61 | 0.57 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
DELL max drawdown32.34%
HPE max drawdown26.57%
DELL max wkly drop16.33%
HPE max wkly drop17.52%
5Y risk snapshot
DELL max drawdown59.59%
HPE max drawdown48.36%
DELL max wkly drop23.19%
HPE max wkly drop20.76%
10Y risk snapshot
DELL max drawdown59.59%
HPE max drawdown56.87%
DELL max wkly drop23.70%
HPE max wkly drop28.21%
Performance metrics by period
| Period | Metric | DELL | HPE |
|---|---|---|---|
| 1Y | Growth | +209.39% | +150.95% |
| CAGR | +209.63% | +151.49% | |
| Sharpe ratio | 1.88 | 1.96 | |
| Max drawdown | 32.34% | 26.57% | |
| Max daily drop | 9.80% | 10.14% | |
| Max wkly drop | 16.33% | 17.52% | |
| 5Y | Growth | +814.35% | +283.07% |
| CAGR | +55.76% | +30.84% | |
| Sharpe ratio | 1.02 | 0.76 | |
| Max drawdown | 59.59% | 48.36% | |
| Max daily drop | 18.99% | 15.14% | |
| Max wkly drop | 23.19% | 20.76% | |
| 10Y | Growth | +3597.82% | +407.02% |
| CAGR | +43.73% | +17.63% | |
| Sharpe ratio | 0.93 | 0.50 | |
| Max drawdown | 59.59% | 56.87% | |
| Max daily drop | 21.64% | 15.31% | |
| Max wkly drop | 23.70% | 28.21% |
Business comparison
| Category | DELL | HPE |
|---|---|---|
| Company | Dell Technologies Inc. | Hewlett Packard Enterprise Company |
| Sector | Technology | Technology |
| Industry | N/A | N/A |
| Core business | Enterprise IT infrastructure, AI-optimized servers (PowerEdge with NVIDIA GPUs), storage solutions, PCs and peripherals, and IT services. Largest AI server vendor by market share. | Enterprise IT infrastructure company offering servers (ProLiant, Cray), networking (Aruba), storage, high-performance computing (HPC), and GreenLake hybrid cloud platform. |
| Investor focus | AI server order backlog and revenue, Infrastructure Solutions Group (ISG) growth, storage modernization, PC refresh cycle, and margin expansion from AI server mix shift. | AI server and HPC revenue growth, GreenLake as-a-service ARR, Juniper Networks acquisition integration, networking revenue, and margin improvement. |
DELL strengths
- →Market-leading AI server vendor with the broadest PowerEdge GPU server portfolio, partnering closely with NVIDIA
- →Diversified revenue across servers, storage, PCs, and services provides stability through hardware cycles
- →Massive installed base of enterprise IT infrastructure creates upgrade and replacement demand for AI-capable hardware
HPE strengths
- →Strong AI/HPC server position with Cray supercomputer heritage and large enterprise GPU server deployments
- →GreenLake hybrid cloud platform provides as-a-service recurring revenue across compute, storage, and networking
- →Juniper Networks acquisition adds enterprise networking scale and campus/data center switching to the portfolio
Risks to watch — DELL
- →AI server margins are lower than traditional servers due to GPU component costs — revenue growth may not translate to proportional profit growth
- →PC business faces cyclical demand and competitive pressure from Lenovo and HP Inc.
- →Customer concentration risk as a few hyperscalers drive a large share of AI server orders
Risks to watch — HPE
- →Smaller AI server market share than Dell — may face tougher competition for hyperscaler GPU server orders
- →Juniper acquisition integration risk — combining networking cultures and product lines takes execution
- →Lower margins than pure-play software/cloud companies — hardware margins remain structurally thin
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