DELL vs SMCI: Which Is the Better Buy?
Side-by-side comparison of Dell Technologies Inc. and Super Micro Computer, Inc. — 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
Super Micro Computer, Inc. · Technology
$43.26
-4.2% upside to fair value
Med Conviction
Grade C
QuantHub Verdict
SMCI has more upside to fair value
(-4.2%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
DELL |
SMCI |
| Current Price |
$569.00 |
$43.26 |
| Fair Value Estimate |
$383.93 |
$41.44 |
| Upside to Fair Value |
-32.5%
|
-4.2%
|
| Market Cap |
$378.0B |
$28.0B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
21.8x
|
8.9x
|
| Price / Sales |
2.5x
|
0.7x
|
| Price / FCF |
42.9x
|
—
|
| Revenue Growth YoY |
+57.7%
|
+93.2%
|
| Gross Margin |
19.8%
|
10.8%
|
| Operating Margin |
9.6%
|
7.1%
|
| Return on Equity |
-574.6%
|
25.1%
|
| Dividend Yield |
0.41% |
0% |
| FCF Yield |
2.33%
|
—
|
| 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%,…
Super Micro Computer designs and sells modular, open-standard server and storage systems, with a growing franchise in liquid- and air-cooled AI racks such as the NVIDIA Vera Rubin NVL72, sold through direct, distribution and OEM channels to data center, cloud, AI, 5G and edge customers. The business quality is mixed: revenue grew 93.2% year over year and earnings grew 503.7% in the most recent qu…
Accumulation Zones
| Metric |
DELL |
SMCI |
| Zone Low |
$287.95 |
$31.08 |
| Zone High |
$326.34 |
$35.22 |
| In Buy Zone? |
No
|
No
|