Dell Technologies (DELL) Stock News: October 2026

Dell Technologies ($DELL) CEO Michael Dell says the company's just-in-time manufacturing and negative cash conversion cycle limit inventory exposure in an AI downturn. AI server backlog is $95 billion across 6,500+ customers. Projected fiscal-year revenue growth is 70%. Dell warns memory chip shortages could worsen next year. The customer-funded model may protect against an AI spending slowdown, but weaker demand could quickly hit revenue.