Dell Technologies carries a market cap of approximately $45 billion as of early 2026, trading on the NYSE under ticker DELL. The company's AI server demand surge drove the stock to multi-year highs in 2024 before a pullback, as investors weighed the durability of AI infrastructure spending against Dell's historically thin enterprise hardware margins.
Market Cap Of Dell
Dell's public market cap in USD. Note: Dell went private in October 2013 and re-listed on NYSE in December 2018 via a tracking stock conversion — the 2013–2018 gap reflects the private period. Data from 1988 IPO through 2026.
Year-On-Year Dell Market Cap
| Year | Market Cap (USD) | YoY Change |
|---|---|---|
| 2018 (re-list) | $32.0B | Re-listed Dec 2018 |
| 2019 | $36.0B | +12.5% |
| 2020 | $40.8B | +13.3% |
| 2021 | $54.0B | +32.4% |
| 2022 | $30.0B | −44.4% |
| 2023 | $36.4B | +21.3% |
| 2024 | $72.8B | +100.0% |
| 2025 | $48.0B | −34.1% |
| 2026 | $45.0B | −6.3% |
Note: Dell was private from 2013 to 2018 and has no public market cap data for that period. The 2024 spike reflects AI server demand — Dell became a key supplier of Nvidia GPU-based server configurations — before the stock pulled back as growth rates normalized.