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SMCI
Super Micro Computer, Inc. · Technology
$25.50
-16.83% this month
VERSUS
⟷
COMPARE
DELL
Dell Technologies Inc. · Technology
$404.15
-1.31% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
SMCI
2
DELL
2
Comparison scoreboard
MIXED SETUPAI Score
SMCI 61.4
DELL ✓69.2
1Y Return
SMCI -50.49%
DELL ✓+218.16%
Fwd P/E
SMCI ✓8.16
DELL 18.56
Target Up.
SMCI ✓+46.57%
DELL +23.97%
Op. Margin
SMCI N/A
DELL N/A
Metrics last refreshed: 7/21/2026
Quick take
SMCI vs DELL: Super Micro vs Dell — Which AI Server Stock Is Better?: AI Score, Valuation, Performance and Upside
Super Micro is a focused, agile AI server specialist with deep NVIDIA integration and fast time-to-market, while Dell is a diversified enterprise infrastructure giant using its scale and relationships to capture AI server demand. SMCI offers pure-play AI infrastructure exposure with higher risk; Dell offers more stable, diversified business with AI server as a meaningful growth driver.
Use this SMCI vs DELL comparison to choose your AI server investment. Super Micro has deeper AI server specialisation and faster product cycles; Dell has broader enterprise relationships, more diversified revenue, and a stronger capital return program.
Live analysis · updated 7/21/2026
SMCI and DELL are closely matched — they split the tracked metrics evenly. DELL has delivered stronger 1-year price return (+218.16% vs -50.49%), though SMCI has the better forward P/E setup (8.16x vs 18.56x for DELL). Analyst consensus implies meaningfully more upside for SMCI (+46.57%) than for DELL (+23.97%).
Normalized 1Y performance
SMCI
DELL
Recent returns
SMCI
DELL
Analyst price targets & sentiment
SMCI · 16 analysts
STRONG BUYHOLDSTRONG SELL
Hold (2.8/5.0)
Price target range
analyst low$15.00
analyst high$58.00
analyst mean$37.38
current price$25.50
+46.6% upside to analyst mean
DELL · 23 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.8/5.0)
Price target range
analyst low$360.00
analyst high$700.00
analyst mean$501.04
current price$404.15
+24.0% upside to analyst mean
Who should consider this stock?
SMCI may suit investors who:
- →Want pure-play AI server infrastructure exposure with close NVIDIA partnership depth
- →Believe SMCI's speed and specialisation will maintain market share in next-generation GPU servers
- →Are comfortable with higher risk including accounting disclosure concerns and thin margins
- →Have a short-to-medium term view on AI infrastructure capex expansion
DELL may suit investors who:
- →Want AI server exposure within a more diversified and financially transparent enterprise technology company
- →Value Dell's strong capital return program including dividends and buybacks
- →Prefer broader enterprise infrastructure exposure across servers, storage, and PCs
- →Are more risk-averse and prioritise business quality and governance alongside AI tailwinds
Performance & AI score
| Metric | SMCI | DELL |
|---|---|---|
| AI score | 61.4 | 69.2 |
| AI rank | #180 | #41 |
| Latest close | $25.50 | $404.15 |
| 1M return | -16.83% | -1.31% |
| 6M return | -21.87% | +237.82% |
| 1Y return | -50.49% | +218.16% |
$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 | SMCI | DELL |
|---|---|---|
| 1Y ago | $4.95K (-50.5%) started 2025-07-21 | $32.31K (+223.1%) started 2025-07-21 |
| 5Y ago | $72.59K (+625.9%) started 2021-07-21 | $100.5K (+905.0%) started 2021-07-21 |
| 10Y ago | $127.44K (+1174.4%) started 2016-07-21 | $406.11K (+3961.1%) started 2016-08-17 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | SMCI | DELL |
|---|---|---|
| Market cap | $16.5B | $261.14B |
| Trailing P/E | 13.42 | 32.18 |
| Forward P/E | 8.16 | 18.56 |
| Price/Sales | 0.49 | 1.95 |
| EV/Revenue | 0.66 | 2.00 |
| Analyst target | $37.38 | $501.04 |
| Target upside | +46.57% | +23.97% |
Growth, profitability & risk
| Metric | SMCI | DELL |
|---|---|---|
| Revenue growth | 122.70% | 87.50% |
| Earnings growth | 326.00% | 282.50% |
| EPS growth | +326.00% | +282.50% |
| FCF margin | -22.10% | +4.06% |
| Operating margin | N/A | N/A |
| Profit margin | 3.70% | 6.28% |
| ROIC proxy | 17.88% | N/A |
| Return on equity | 17.88% | N/A |
| Dividend yield | 0.00% | 0.66% |
| Beta | 1.94 | 1.38 |
| Debt/equity | 120.80 | N/A |
| Current ratio | 2.65 | 0.95 |
| Quick ratio | 1.20 | 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
SMCI max drawdown66.18%
DELL max drawdown32.34%
SMCI max wkly drop38.27%
DELL max wkly drop15.16%
5Y risk snapshot
SMCI max drawdown84.84%
DELL max drawdown59.59%
SMCI max wkly drop45.45%
DELL max wkly drop23.19%
10Y risk snapshot
SMCI max drawdown84.84%
DELL max drawdown59.59%
SMCI max wkly drop45.45%
DELL max wkly drop23.70%
Performance metrics by period
| Period | Metric | SMCI | DELL |
|---|---|---|---|
| 1Y | Growth | -50.49% | +218.16% |
| CAGR | -50.51% | +218.41% | |
| Sharpe ratio | -0.40 | 1.96 | |
| Max drawdown | 66.18% | 32.34% | |
| Max daily drop | 33.32% | 9.80% | |
| Max wkly drop | 38.27% | 15.16% | |
| 5Y | Growth | +625.88% | +810.86% |
| CAGR | +48.66% | +55.57% | |
| Sharpe ratio | 0.84 | 1.02 | |
| Max drawdown | 84.84% | 59.59% | |
| Max daily drop | 33.32% | 18.99% | |
| Max wkly drop | 45.45% | 23.19% | |
| 10Y | Growth | +1174.36% | +3580.61% |
| CAGR | +28.99% | +43.81% | |
| Sharpe ratio | 0.65 | 0.94 | |
| Max drawdown | 84.84% | 59.59% | |
| Max daily drop | 41.12% | 21.64% | |
| Max wkly drop | 45.45% | 23.70% |
Business comparison
| Category | SMCI | DELL |
|---|---|---|
| Company | Super Micro Computer, Inc. | Dell Technologies Inc. |
| Sector | Technology | Technology |
| Industry | N/A | N/A |
| Core business | Designer and manufacturer of high-performance server and storage systems, with a focus on AI GPU servers incorporating NVIDIA, AMD, and Intel chips. Known for fast time-to-market with new GPU architectures. | Enterprise technology infrastructure company spanning servers (PowerEdge), storage, PCs, and services. Infrastructure Solutions Group (ISG) is benefiting from AI server demand. Also a significant PC maker via Client Solutions Group. |
| Investor focus | AI server revenue growth, gross margin recovery, filing delay resolution, NVIDIA partnership depth, and market share in the hyperscaler and enterprise AI infrastructure market. | ISG AI server revenue growth, PC refresh cycle, storage recovery, operating margin, and capital return via dividends and buybacks. |
SMCI strengths
- →Early and deep integration with NVIDIA GPUs enables fast deployment of the latest AI accelerator architectures
- →Direct liquid cooling expertise is increasingly important for high-density GPU server deployments
- →Smaller, faster organisation allows quicker product iteration versus larger OEM competitors
DELL strengths
- →Trusted enterprise relationships and go-to-market scale allow Dell to reach customers Super Micro cannot
- →Diversified revenue across servers, storage, PCs, and services reduces concentration risk
- →Strong free cash flow and capital return program including dividends and buybacks
Risks to watch — SMCI
- →Accounting concerns and delayed financial filings damaged credibility and investor confidence
- →Gross margins are thin and under pressure from component costs and competitive pricing
- →Highly concentrated exposure to AI server demand — a slowdown in AI capex would materially impact revenue
Risks to watch — DELL
- →AI server margins are thin; revenue growth does not translate directly to profit growth
- →PC market remains cyclical and is not a significant growth driver
- →Competing against HPE, Lenovo, and Super Micro in enterprise AI server infrastructure
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