LIVE
HPE
Hewlett Packard Enterprise Company · Technology
$47.41
+45.34% this month
VERSUS
⟷
COMPARE
DELL
Dell Technologies Inc. · Technology
$409.50
+74.06% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
HPE
2
DELL
2
Comparison scoreboard
MIXED SETUPAI Score
HPE 62.4
DELL ✓69.9
1Y Return
HPE +164.86%
DELL ✓+256.66%
Fwd P/E
HPE ✓12.05
DELL 19.18
Target Up.
HPE ✓+33.13%
DELL +18.15%
Op. Margin
HPE 8.70%
DELL N/A
Metrics last refreshed: 6/20/2026
Quick take
HPE vs DELL Stock Comparison: AI Score, Valuation, Performance and Upside
HPE and Dell both compete in enterprise AI server infrastructure, but Dell has executed more aggressively on PowerEdge AI server orders and has a much larger direct sales footprint. HPE's differentiation lies in HPC via Cray, the GreenLake as-a-service model, and Aruba networking. Dell is a larger, more diversified company with a PC business providing a second growth lever; HPE is more focused on enterprise hybrid cloud and HPC.
HPE vs Dell is a comparison of two enterprise infrastructure incumbents with different AI server execution and business model strategies — Dell's direct sales strength and AI server backlog make it a purer AI infrastructure play, while HPE's GreenLake ARR model offers a path to higher-margin recurring revenue if enterprise cloud adoption accelerates.
Live analysis · updated 6/20/2026
HPE and DELL are closely matched — they split the tracked metrics evenly. DELL has delivered stronger 1-year price return (+256.66% vs +164.86%), though HPE trades at the lower forward P/E (12.05x vs 19.18x). Analyst consensus implies meaningfully more upside for HPE (+33.13%) than for DELL (+18.15%).
Normalized 1Y performance
HPE
DELL
Recent returns
HPE
DELL
Analyst price targets & sentiment
HPE
Price target range
analyst mean$64.13
current price$47.41
+33.1% upside to analyst mean
DELL · 23 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.8/5.0)
Price target range
analyst low$213.00
analyst high$700.00
analyst mean$483.83
current price$409.50
+18.2% upside to analyst mean
Who should consider this stock?
HPE may suit investors who:
- →prefer a cloud-services transition story with GreenLake recurring revenue model growing over time
- →value exposure to HPC and AI supercomputers for government and research markets via Cray
- →want enterprise networking (Aruba) as a second growth driver alongside server infrastructure
- →are comfortable with slower near-term AI server execution relative to Dell in exchange for higher-margin service revenue potential
DELL may suit investors who:
- →prefer a more direct and immediate play on enterprise AI server demand through PowerEdge GPU systems
- →value a broad direct sales force with deep enterprise relationships as a competitive moat
- →want combined exposure to AI infrastructure and PC market recovery across two segments
- →are comfortable with lower gross margins in AI servers and GPU supply chain timing risk
Performance & AI score
| Metric | HPE | DELL |
|---|---|---|
| AI score | 62.4 | 69.9 |
| AI rank | #126 | #37 |
| Latest close | $47.41 | $409.50 |
| 1M return | +45.34% | +74.06% |
| 6M return | +97.38% | +222.59% |
| 1Y return | +164.86% | +256.66% |
$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 | HPE | DELL |
|---|---|---|
| 1Y ago | $26.66K (+166.6%) started 2025-06-18 | $36.22K (+262.2%) started 2025-06-18 |
| 5Y ago | $40.61K (+306.1%) started 2021-06-21 | $99.39K (+893.9%) started 2021-06-18 |
| 10Y ago | $71.79K (+617.9%) started 2016-06-20 | $411.48K (+4014.8%) started 2016-08-17 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | HPE | DELL |
|---|---|---|
| Market cap | $63.79B | $265.4B |
| Trailing P/E | 45.02 | 32.58 |
| Forward P/E | 12.05 | 19.18 |
| Price/Sales | N/A | 1.98 |
| EV/Revenue | 2.06 | 2.11 |
| Analyst target | $64.13 | $483.83 |
| Target upside | +33.13% | +18.15% |
Growth, profitability & risk
| Metric | HPE | DELL |
|---|---|---|
| Revenue growth | 40.00% | 87.50% |
| Earnings growth | -30.30% | 282.50% |
| EPS growth | -30.30% | +282.50% |
| FCF margin | +9.89% | +4.06% |
| Operating margin | 8.70% | N/A |
| Profit margin | 4.01% | 6.28% |
| ROIC proxy | 6.31% | N/A |
| Return on equity | 6.31% | N/A |
| Dividend yield | 1.18% | 0.62% |
| Beta | 1.45 | 1.38 |
| Debt/equity | 84.03 | N/A |
| Current ratio | 1.09 | 0.95 |
| Quick ratio | 0.57 | 0.61 |
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
HPE max drawdown23.81%
DELL max drawdown32.34%
HPE max wkly drop17.52%
DELL max wkly drop15.16%
5Y risk snapshot
HPE max drawdown48.36%
DELL max drawdown59.59%
HPE max wkly drop20.76%
DELL max wkly drop23.19%
10Y risk snapshot
HPE max drawdown56.87%
DELL max drawdown59.59%
HPE max wkly drop28.21%
DELL max wkly drop23.70%
Performance metrics by period
| Period | Metric | HPE | DELL |
|---|---|---|---|
| 1Y | Growth | +166.65% | +256.66% |
| CAGR | +167.02% | +256.97% | |
| Sharpe ratio | 2.16 | 2.18 | |
| Max drawdown | 23.81% | 32.34% | |
| Max daily drop | 10.14% | 9.13% | |
| Max wkly drop | 17.52% | 15.16% | |
| 5Y | Growth | +260.51% | +800.82% |
| CAGR | +29.29% | +55.22% | |
| Sharpe ratio | 0.74 | 1.03 | |
| Max drawdown | 48.36% | 59.59% | |
| Max daily drop | 15.14% | 18.99% | |
| Max wkly drop | 20.76% | 23.19% | |
| 10Y | Growth | +440.92% | +3629.33% |
| CAGR | +18.40% | +44.48% | |
| Sharpe ratio | 0.52 | 0.95 | |
| Max drawdown | 56.87% | 59.59% | |
| Max daily drop | 15.31% | 21.64% | |
| Max wkly drop | 28.21% | 23.70% |
Business comparison
| Category | HPE | DELL |
|---|---|---|
| Company | Hewlett Packard Enterprise Company | Dell Technologies Inc. |
| Sector | Technology | Technology |
| Industry | N/A | N/A |
| Core business | Hewlett Packard Enterprise (HPE) sells enterprise compute, storage, networking, and hybrid cloud solutions. Its GreenLake cloud platform provides on-premises infrastructure as a service, creating recurring subscription revenue. HPE's AI-focused product line includes the Cray supercomputer (renamed HPE Cray) and ProLiant servers, both of which address AI and high-performance computing (HPC) deployments at government labs, research institutions, and enterprises. | Dell Technologies is a diversified technology company with two major segments: Infrastructure Solutions Group (ISG), which sells servers, storage, and networking including AI-optimized PowerEdge servers; and Client Solutions Group (CSG), which sells PCs and workstations. Dell's ISG has captured significant AI server orders as enterprises and hyperscalers buy NVIDIA GPU-equipped PowerEdge systems. Dell's direct sales model and broad enterprise relationships create strong pipeline access. |
| Investor focus | Investors track GreenLake annual recurring revenue (ARR) growth, AI server and HPC order backlog, gross margin trends amid server pricing competition, and operating leverage as the services and software mix grows. | Investors focus on ISG revenue growth and backlog (especially AI server orders), CSG revenue recovery from the PC refresh cycle, gross margin sustainability as GPU server mix increases (lower margins than traditional servers), and capital allocation including buybacks and dividends. |
HPE strengths
- →GreenLake HPCaaS and as-a-service model creates recurring revenue and customer lock-in
- →Strong position in AI/HPC via Cray supercomputers, with orders from U.S. national labs and research institutions
- →Networking business (Aruba) provides enterprise WLAN and campus switching revenue with recurring software attach
DELL strengths
- →Dominant position in enterprise AI server sales via PowerEdge with NVIDIA GPU integration
- →Massive direct sales force and enterprise relationship network creates competitive advantage in large deals
- →PC cycle recovery in CSG provides a second growth driver alongside AI infrastructure
Risks to watch — HPE
- →AI server margin compression as NVIDIA GPU allocation costs rise relative to HPE's pricing power
- →GreenLake ARR growth has been slower than initially targeted, raising questions about enterprise cloud adoption pace
- →Dell is a stronger competitor in AI servers for enterprise, with broader direct sales coverage and faster execution
Risks to watch — DELL
- →AI servers carry lower gross margins than traditional servers due to GPU component cost pass-through
- →PC market demand recovery has been slower and more uneven than initially projected
- →Supply chain volatility for NVIDIA GPUs creates order backlog uncertainty and timing risk
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