What move does the options market price into Dell Technologies's report?

Implied ±9.1%, either direction.

How often does Dell Technologies move more than the options market prices?

5 of the last 8 reports moved at least as far as the implied move.

DELLNYSEElectronic Computers

Dell Technologies Inc. (DELL) earnings date, market-implied expected move, and options open interest by expiry

420.06

−55.45 · −11.66%

post 424.17 +0.98%

Closed19:57 ET

Open433.73Volume10.5MMkt cap$269.8BP/E24.39EPS17.39Div yield0.57%

Day415.29 – 436.7741%52-wk109.55 – 594.6965%

DELL

Dell Technologies Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.1%implied · report alone

8Q avg ±13.0%·×0.70·cheap

385.49463.11

straddle ±15.0%

spot 424.30exp Nov 27ATM strike 425ATM straddle 75.05IV 80%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 24

before open · in 24 days

est.Q3 FY27

Calendar

Next report

Last report

+15.81%

vs ±9.5% implied · ×1.66

shaded = implied · ▲▼ = realized

Sep 1 '26 · confirmed

Implied vs realized

Linked news

1dINGM · customerIngram Micro posts Q3 net income $131,080 thousands, EPS $0.57; YTD net $340,816 thousands
2dCNXN · customerPC Connection reports Q3 net income $31,458 thousand, net sales $874,313 thousand
15dTDC · customerTeradata Announces 2026 Third Quarter Earnings Release Date

News

Largest filed tie

13F top-10 QoQ

+1.64%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

2,148 managers

Top fund weight

1.15%

DELL weight · IGPT

N-PORTJul 31 '26

12 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Dell Technologies (DELL) is expected to report on Nov 24 before open (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±7.5%
avg realized: ±13.0%

Nov 26 '24Nov 26 '24confirmed±7.7%▼−12.25%×1.58

Feb 27 '25Feb 27 '25confirmed±7.9%▼−4.70%×0.59

May 29 '25May 29 '25confirmed±6.3%▼−2.08%×0.33

Aug 28 '25Aug 28 '25confirmed±6.3%▼−8.88%×1.40

Q3 FY26Nov 25 '25confirmed±7.1%▲+5.83%×0.82

Feb 26 '26Feb 26 '26confirmed±6.5%▲+21.93%×3.37

Q1 FY27May 28 '26confirmed±8.7%▲+32.76%×3.78

Q2 FY27Sep 1 '26confirmed±9.5%▲+15.81%×1.66

quarterimplied−35%0+35%realized×

Q2 FY27±9.5%▲+15.81%×1.66

Q1 FY27±8.7%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 9 expiries · Oct 28 close

1.16OI · 9 expiries · Oct 28 closeP/C open interest · Dec 4 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

9,695+38%Nov 66d1.108,783+64%1.10

4,932+18%Nov 1313d0.965,147+19%0.96

52,643+3%Nov 2020d1.4137,223+4%1.41

report · Nov 24 · before open · est.

469+291%Dec 434d405+170%

64,236+9%Dec 1848d1.8335,103+9%1.83

90,3320%Jan 1576d1.7850,7930%1.78

3 later expiries

4,602+4%Feb 19111d1.193,862+3%1.19

23,700+1%Mar 19139d1.15

ExpiryPutsCallsP/C

Nov 66d9,695+38%8,783+64%1.10

Nov 1313d4,932+18%5,147+19%0.96

Nov 2020d52,643+3%37,223+4%1.41

report · Nov 24 · before open · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±15.0%

Funds 4

IGPT±0.2%

FTC±0.1%

XLK±0.1%

VTV±0.1%

Suppliers 1

NTNX±3.0%×0.20

Customers 2

SNX±3.7%×0.25

CNXN±1.9%×0.12

Dashed = straddle · × = co-movement · max 501dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY27

8.80%as filednet margin · revenue +7.14% QoQ · +57.75% YoY

Revenue

$47.0B+7.14% QoQ

Gross profit

$9.8B+26.32% QoQ

20.93% margin

Operating income

$5.4B+47.29% QoQ

11.46% margin

Pre-tax income

$5.1B+29.96% QoQ

Net income

$4.1B+20.22% QoQ

8.80% margin

Cost of revenue

$37.1B+3.00% QoQ

Operating expenses

$4.4B+7.73% QoQ

SG&A $3.3B

R&D $1.1B

Other expense

$254M

Tax

$998M+95.69% QoQ

Revenue$47.0B+7.14%

Gross profit

$9.8B+26.32%

20.93% margin

Operating income

$5.4B+47.29%

11.46% margin

Pre-tax income

$5.1B+29.96%

Net income

$4.1B+20.22%

8.80% margin

Cost of revenue

$37.1B+3.00%

Operating expenses

$4.4B+7.73%

SG&A $3.3B

R&D $1.1B

Other expense

$254M

Tax$998M+95.69%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jul 31 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

PPI ×2.16· ±5.8% vs ±2.7% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±5.8%4 of 11×2.16

CPIconsumer prices±5.4%5 of 11×2.04

NFPjobs report±4.2%6 of 10×1.57

PCEpersonal income & outlays±3.1%7 of 20×1.15

GDPgross domestic product±2.7%13 of 20×1.02

CPROFcorporate profits±2.2%7 of 12×0.83

FOMCrate decision±2.2%14 of 25×0.82

Bar = avg |move| to ±6% · tick = ±2.7% avg day · ×base = |move| ÷ ±2.7% · min 6 releases

Earnings history

EPS 6.34 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY27	Sep 1 '26 · confirmed	6.34	—
Q1 FY27	May 28 '26 · confirmed	5.24	—
Q3 FY26	Nov 25 '25 · confirmed	2.28	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod