Side by sideDell (DELL) and Arista (ANET)Memos of October 11, 2026 and October 12, 2026
Dell vs Arista stock: the numbers side by side (October 2026)
How do Dell and Arista compare?
| Dell DELL | Arista ANET | |
|---|---|---|
| Revenue growth | 18.8%Jan 2026 | 28.6%2025 |
| Operating margin | 7.2%Jan 2026 | 42.8%2025 |
| Free cash flow | 8,552US$ millions · Jan 2026 | 4,252.4US$ millions · 2025 |
| Free cash flow yield | 2.3%Today (Oct 11, 2026) | 1.6%Today (Oct 12, 2026) |
| Dividend yield | 0.4%Today (Oct 11, 2026) | 0.0%Today (Oct 12, 2026) |
| P/E, last 12 months | 34.0xToday (Oct 11, 2026) | 67.8xToday (Oct 12, 2026) |
| P/E, next 12 months | 22.6xToday (Oct 11, 2026) | 40.9xToday (Oct 12, 2026) |
| Weighted price forecast, about 1 year | 513.55 (-12 %)October 2027 | 250.92 (+17 %)October 2027 |
| Weighted price forecast, about 3 years | 470.75 (-18 %)October 2029 | 326.86 (+52 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Arista | The higher figure |
| Operating margin | Arista | The higher figure |
| Free cash flow | Dell | The higher figure |
| Free cash flow yield | Dell | The higher figure |
| Dividend yield | Dell | The higher figure |
| P/E, last 12 months | Dell | The lower figure |
| P/E, next 12 months | Dell | The lower figure |
| Weighted price forecast, about 1 year | Arista | The higher weighted return |
| Weighted price forecast, about 3 years | Arista | The higher weighted return |
What does each company do?
Dell sells AI and traditional servers, storage, networking, PCs, workstations, peripherals, and support to businesses, governments, institutions, and consumers.
Dell (DELL), from our memo of October 11, 2026 · Dell stock forecast
Arista sells Ethernet switches—equipment that moves data across wired networks—routers, EOS software for switches and routers, CloudVision software for managing and monitoring networks, and support.
Arista (ANET), from our memo of October 12, 2026 · Arista stock forecast