DELL vs QCOM: Which Is the Better Buy?
Side-by-side comparison of Dell Technologies Inc. and QUALCOMM Incorporated — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-26.
Dell Technologies Inc. · Technology
$569.00
-32.5% upside to fair value
Low Conviction
Grade C
VS
QUALCOMM Incorporated · Technology
$201.97
-21.1% upside to fair value
Med Conviction
Grade D
High Quality
QuantHub Verdict
QCOM has more upside to fair value
(-21.1%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
DELL |
QCOM |
| Current Price |
$569.00 |
$201.97 |
| Fair Value Estimate |
$383.93 |
$159.42 |
| Upside to Fair Value |
-32.5%
|
-21.1%
|
| Market Cap |
$378.0B |
$212.1B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
21.8x
|
16.5x
|
| Price / Sales |
2.5x
|
4.8x
|
| Price / FCF |
42.9x
|
20.5x
|
| Revenue Growth YoY |
+57.7%
|
-4.0%
|
| Gross Margin |
19.8%
|
54.2%
|
| Operating Margin |
9.6%
|
23.2%
|
| Return on Equity |
-574.6%
|
37.3%
|
| Dividend Yield |
0.41% |
1.79% |
| FCF Yield |
2.33%
|
4.88%
|
| Analyst Consensus |
Buy
|
Hold
|
Investment Thesis
Dell Technologies is a $378 billion market-cap computer hardware vendor spanning Infrastructure Solutions Group (servers, storage, networking), Client Solutions Group (PCs, displays, peripherals), and a VMware-related software franchise, led by founder-CEO Michael Dell. The business is fundamentally low-quality on the numbers: TTM gross margin is 19.8%, operating margin 9.6%, and net margin 7.5%,…
Qualcomm develops foundational wireless technologies and monetizes them through two main engines: QCT, which supplies Snapdragon application processors and modems, and QTL, which licenses a standards-essential patent portfolio covering CDMA2000, WCDMA, LTE and 5G. The licensing arm and the company's entrenched position in premium Android handsets give it a genuinely high-quality business, evidenc…
Accumulation Zones
| Metric |
DELL |
QCOM |
| Zone Low |
$287.95 |
$119.56 |
| Zone High |
$326.34 |
$135.51 |
| In Buy Zone? |
No
|
No
|