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 2026-04-18.
Dell Technologies Inc. · Technology
$196.55
+154.3% upside to fair value
Grade B
VS
QUALCOMM Incorporated · Technology
$134.47
+77.7% upside to fair value
Med Conviction
Grade B
QuantHub Verdict
DELL has more upside to fair value
(+154.3%).
DELL trades at a lower forward P/E
(21.6x).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
DELL |
QCOM |
| Current Price |
$196.55 |
$134.47 |
| Fair Value Estimate |
$499.84 |
$239.00 |
| Upside to Fair Value |
+154.3%
|
+77.7%
|
| Market Cap |
$132.7B |
$143.6B |
| Forward P/E |
21.6x
|
26.8x
|
| EV / EBITDA |
16.7x
|
—
|
| Price / Sales |
1.2x
|
3.2x
|
| Price / FCF |
15.5x
|
11.1x
|
| Revenue Growth YoY |
+23.6%
|
+8.7%
|
| Gross Margin |
20.1%
|
55.1%
|
| Operating Margin |
7.2%
|
27.1%
|
| Return on Equity |
-218.2%
|
21.6%
|
| Dividend Yield |
0% |
— |
| FCF Yield |
6.45%
|
9.0%
|
| Analyst Consensus |
Strong Buy
|
Hold
|
Investment Thesis
Dell Technologies Inc. is a leading global technology company specializing in computer hardware, servers, storage, and IT infrastructure solutions. Founded and led by Michael Dell, the company has a strong legacy in direct-to-consumer PC sales and has expanded into enterprise IT services through strategic acquisitions such as EMC. Dell's business quality is medium due to its competitive position …
Qualcomm Incorporated is a leading semiconductor company specializing in wireless chipsets and IP licensing, with dominant positions in 5G modems via QCT (87% of revenue) and steady QTL royalties. The business excels through a vast patent moat, diversification into automotive and IoT, and robust growth (revenue +13% YoY to $44B in FY2025), but faces risks from Apple modem shifts and China exposur…
Accumulation Zones
| Metric |
DELL |
QCOM |
| Zone Low |
$374.88 |
$179.00 |
| Zone High |
$424.86 |
$203.00 |
| In Buy Zone? |
Yes
|
Yes
|