Subtext

Dell Technologies Inc. DELL

SectorInformation Technology
Transcripts57
Date range2006-01-26 – 2025-02-28
Calls charted57

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-24-12+0+12+242005 Q42007 Q42009 Q42011 Q42013 Q42021 Q42023 Q42025 Q42005 Q4 · Overall: +9.92006 Q1 · Overall: +5.52006 Q2 · Overall: +8.32006 Q3 · Overall: +8.52006 Q4 · Overall: +15.52007 Q1 · Overall: +12.32007 Q2 · Overall: +11.52007 Q3 · Overall: +9.12007 Q4 · Overall: +16.22008 Q1 · Overall: +13.62008 Q2 · Overall: +12.72008 Q3 · Overall: +9.52008 Q4 · Overall: +6.82009 Q1 · Overall: +8.92009 Q2 · Overall: +11.22009 Q3 · Overall: +19.02009 Q4 · Overall: +20.62010 Q1 · Overall: +16.42010 Q2 · Overall: +11.62010 Q3 · Overall: +14.42010 Q4 · Overall: +19.22011 Q1 · Overall: +15.82011 Q2 · Overall: +15.22011 Q3 · Overall: +16.72011 Q4 · Overall: +18.12012 Q1 · Overall: +19.22012 Q2 · Overall: +8.92012 Q3 · Overall: +11.52012 Q4 · Overall: +15.92013 Q1 · Overall: +9.62013 Q2 · Overall: +14.92013 Q3 · Overall: +6.42013 Q4 · Overall: +9.82020 Q1 · Overall: +6.02020 Q2 · Overall: +10.42020 Q3 · Overall: +3.82020 Q4 · Overall: +9.32021 Q1 · Overall: +5.22021 Q2 · Overall: +11.12021 Q3 · Overall: +10.92021 Q4 · Overall: +13.42022 Q1 · Overall: +16.92022 Q2 · Overall: +10.42022 Q3 · Overall: +11.12022 Q4 · Overall: +2.22023 Q1 · Overall: +2.92023 Q2 · Overall: +1.12023 Q3 · Overall: +2.12023 Q4 · Overall: +0.32024 Q1 · Overall: +8.92024 Q2 · Overall: +13.32024 Q3 · Overall: +11.92024 Q4 · Overall: +13.52025 Q1 · Overall: +13.62025 Q2 · Overall: +12.42025 Q3 · Overall: +13.42025 Q4 · Overall: +12.4
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-34-17+0+17+342005 Q42007 Q42009 Q42011 Q42013 Q42021 Q42023 Q42025 Q42005 Q4 · CEO: +16.22006 Q1 · CEO: +7.12006 Q2 · CEO: +9.52006 Q3 · CEO: +12.52006 Q4 · CEO: +21.92007 Q1 · CEO: +13.52007 Q2 · CEO: +19.62007 Q3 · CEO: +14.12007 Q4 · CEO: +15.82008 Q1 · CEO: +14.72008 Q2 · CEO: +14.32008 Q3 · CEO: +11.32008 Q4 · CEO: +7.92009 Q1 · CEO: +10.22009 Q2 · CEO: +9.52009 Q3 · CEO: +20.52009 Q4 · CEO: +25.62010 Q1 · CEO: +16.52010 Q2 · CEO: +14.52010 Q4 · CEO: +19.02011 Q1 · CEO: +10.42011 Q2 · CEO: +11.02011 Q3 · CEO: +8.12011 Q4 · CEO: +19.52012 Q1 · CEO: +20.82012 Q2 · CEO: +12.42012 Q3 · CEO: +13.32012 Q4 · CEO: +18.52013 Q1 · CEO: +11.62013 Q2 · CEO: +13.92013 Q3 · CEO: +0.72013 Q4 · CEO: +14.52005 Q4 · CFO: +21.82006 Q2 · CFO: +15.62006 Q3 · CFO: +14.72006 Q4 · CFO: +5.72007 Q1 · CFO: +19.42007 Q2 · CFO: +9.82007 Q3 · CFO: +18.52007 Q4 · CFO: +23.62008 Q1 · CFO: +29.22008 Q2 · CFO: +20.52008 Q3 · CFO: +20.32008 Q4 · CFO: +12.32009 Q1 · CFO: +17.12009 Q2 · CFO: +18.72009 Q3 · CFO: +28.72009 Q4 · CFO: +27.42010 Q1 · CFO: +22.22010 Q2 · CFO: +16.92010 Q3 · CFO: +18.42010 Q4 · CFO: +26.02011 Q1 · CFO: +23.52011 Q2 · CFO: +19.72011 Q3 · CFO: +24.42011 Q4 · CFO: +23.42012 Q1 · CFO: +24.52020 Q1 · CFO: +9.82020 Q2 · CFO: +9.52020 Q3 · CFO: +8.92020 Q4 · CFO: +11.92021 Q1 · CFO: +3.82021 Q2 · CFO: +10.02021 Q3 · CFO: +22.22021 Q4 · CFO: +22.52022 Q1 · CFO: +20.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-38-19+0+19+382005 Q42007 Q42009 Q42011 Q42013 Q42021 Q42023 Q42025 Q42005 Q4 · Prepared remarks: +11.12006 Q1 · Prepared remarks: +6.92006 Q2 · Prepared remarks: +14.82006 Q3 · Prepared remarks: +11.22006 Q4 · Prepared remarks: +21.82007 Q1 · Prepared remarks: +22.02007 Q2 · Prepared remarks: +20.92007 Q3 · Prepared remarks: +19.92007 Q4 · Prepared remarks: +22.62008 Q1 · Prepared remarks: +27.82008 Q2 · Prepared remarks: +24.12008 Q3 · Prepared remarks: +17.32008 Q4 · Prepared remarks: +13.62009 Q1 · Prepared remarks: +16.72009 Q2 · Prepared remarks: +13.82009 Q3 · Prepared remarks: +28.62009 Q4 · Prepared remarks: +32.72010 Q1 · Prepared remarks: +24.92010 Q2 · Prepared remarks: +21.82010 Q3 · Prepared remarks: +22.82010 Q4 · Prepared remarks: +25.02011 Q1 · Prepared remarks: +24.92011 Q2 · Prepared remarks: +17.82011 Q3 · Prepared remarks: +25.22011 Q4 · Prepared remarks: +25.72012 Q1 · Prepared remarks: +25.72012 Q2 · Prepared remarks: +17.62012 Q3 · Prepared remarks: +16.62012 Q4 · Prepared remarks: +20.72013 Q1 · Prepared remarks: +19.02013 Q2 · Prepared remarks: +22.92013 Q3 · Prepared remarks: +12.02013 Q4 · Prepared remarks: +17.42020 Q1 · Prepared remarks: +13.62020 Q2 · Prepared remarks: +23.92020 Q3 · Prepared remarks: +15.52020 Q4 · Prepared remarks: +16.92021 Q1 · Prepared remarks: +12.92021 Q2 · Prepared remarks: +17.72021 Q3 · Prepared remarks: +26.62021 Q4 · Prepared remarks: +25.92022 Q1 · Prepared remarks: +28.12022 Q2 · Prepared remarks: +26.02022 Q3 · Prepared remarks: +27.62022 Q4 · Prepared remarks: +9.72023 Q1 · Prepared remarks: +12.42023 Q2 · Prepared remarks: +11.52023 Q3 · Prepared remarks: +11.32023 Q4 · Prepared remarks: +9.52024 Q1 · Prepared remarks: +11.52024 Q2 · Prepared remarks: +22.82024 Q3 · Prepared remarks: +20.62024 Q4 · Prepared remarks: +18.22025 Q1 · Prepared remarks: +25.72025 Q2 · Prepared remarks: +22.42025 Q3 · Prepared remarks: +18.72025 Q4 · Prepared remarks: +19.82005 Q4 · Q&A responses: +17.42006 Q1 · Q&A responses: -2.12006 Q2 · Q&A responses: +4.82006 Q3 · Q&A responses: +9.12006 Q4 · Q&A responses: +10.42007 Q1 · Q&A responses: +7.52007 Q2 · Q&A responses: +6.72007 Q3 · Q&A responses: +6.22007 Q4 · Q&A responses: +10.82008 Q1 · Q&A responses: +3.82008 Q2 · Q&A responses: +5.42008 Q3 · Q&A responses: +10.22008 Q4 · Q&A responses: +3.52009 Q1 · Q&A responses: +10.12009 Q2 · Q&A responses: +7.72009 Q3 · Q&A responses: +13.42009 Q4 · Q&A responses: +8.12010 Q1 · Q&A responses: +12.32010 Q2 · Q&A responses: +3.92010 Q3 · Q&A responses: +7.42010 Q4 · Q&A responses: +17.12011 Q1 · Q&A responses: +7.62011 Q2 · Q&A responses: +10.92011 Q3 · Q&A responses: +7.62011 Q4 · Q&A responses: +10.22012 Q1 · Q&A responses: +11.22012 Q2 · Q&A responses: +1.02012 Q3 · Q&A responses: +6.82012 Q4 · Q&A responses: +6.52013 Q1 · Q&A responses: +8.72013 Q2 · Q&A responses: +10.72013 Q3 · Q&A responses: +1.42013 Q4 · Q&A responses: +2.02020 Q1 · Q&A responses: +9.02020 Q2 · Q&A responses: +7.92020 Q3 · Q&A responses: +4.02020 Q4 · Q&A responses: +9.02021 Q1 · Q&A responses: +3.72021 Q2 · Q&A responses: +8.02021 Q3 · Q&A responses: +4.72021 Q4 · Q&A responses: +10.22022 Q1 · Q&A responses: +13.32022 Q2 · Q&A responses: +5.72022 Q3 · Q&A responses: +1.72022 Q4 · Q&A responses: +2.02023 Q1 · Q&A responses: +3.02023 Q2 · Q&A responses: +3.12023 Q3 · Q&A responses: +3.82023 Q4 · Q&A responses: +0.02024 Q1 · Q&A responses: +11.72024 Q2 · Q&A responses: +13.12024 Q3 · Q&A responses: +13.02024 Q4 · Q&A responses: +16.62025 Q1 · Q&A responses: +14.32025 Q2 · Q&A responses: +14.52025 Q3 · Q&A responses: +18.22025 Q4 · Q&A responses: +14.7
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$5.28$7.45$9.622005 Q42007 Q42009 Q42011 Q42013 Q42021 Q42023 Q42025 Q42020 Q1: $6.382020 Q2: $6.092020 Q3: $6.642020 Q4: $7.432021 Q1: $7.902021 Q2: $8.682021 Q3: $9.322021 Q4: $7.102022 Q1: $6.832022 Q2: $7.262022 Q3: $6.962022 Q4: $6.442023 Q1: $5.582023 Q2: $5.772023 Q3: $6.582023 Q4: $7.042024 Q1: $7.702024 Q2: $8.322024 Q3: $8.872024 Q4: $9.20

Forward P/E

3.4611.2319.002005 Q42007 Q42009 Q42011 Q42013 Q42021 Q42023 Q42025 Q42020 Q1: 4.532020 Q2: 7.802020 Q3: 10.142020 Q4: 9.942021 Q1: 11.552021 Q2: 11.842021 Q3: 10.782021 Q4: 7.892022 Q1: 7.612022 Q2: 6.602022 Q3: 5.482022 Q4: 6.482023 Q1: 6.722023 Q2: 8.562023 Q3: 10.702023 Q4: 9.922024 Q1: 14.282024 Q2: 17.932024 Q3: 13.072024 Q4: 12.25

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2020 Q2 tone ↑ +4.5 fwd EPS ↓ -0.28 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -6.6 fwd EPS ↑ +0.55 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -4.2 fwd EPS ↑ +0.47 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↑ +2.6 fwd EPS ↓ -2.22 Tone rose while the forward EPS estimate was cut.
  • 2022 Q1 tone ↑ +3.5 fwd EPS ↓ -0.27 Tone rose while the forward EPS estimate was cut.
  • 2022 Q2 tone ↓ -6.5 fwd EPS ↑ +0.43 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q42025-02-28+12.4——View →
2025 Q32024-11-26+13.4——View →
2025 Q22024-08-29+12.4——View →
2025 Q12024-05-30+13.6——View →
2024 Q42024-02-29+13.5$9.2012.2View →
2024 Q32023-11-30+11.9$8.8713.1View →
2024 Q22023-08-31+13.3$8.3217.9View →
2024 Q12023-06-01+8.9$7.7014.3View →