Dell Technologies Inc. (DELL)
NYSE: DELL · Real-Time Price · USD
524.14
+7.75 (1.50%)
At close: Sep 4, 2026, 4:00 PM EDT
520.00
-4.14 (-0.79%)
Pre-market: Sep 8, 2026, 6:04 AM EDT
Dell Technologies Income Statement
Financials in millions USD. Fiscal year is February - January.
Millions USD. Fiscal year is Feb - Jan.
Fiscal Quarter | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | May '26 May 1, 2026 | Jan '26 Jan 30, 2026 | Oct '25 Oct 31, 2025 | Aug '25 Aug 1, 2025 | May '25 May 2, 2025 | Jan '25 Jan 31, 2025 | Nov '24 Nov 1, 2024 | Aug '24 Aug 2, 2024 | May '24 May 3, 2024 | Feb '24 Feb 2, 2024 | Nov '23 Nov 3, 2023 | Aug '23 Aug 4, 2023 | May '23 May 5, 2023 | Feb '23 Feb 3, 2023 | Oct '22 Oct 28, 2022 | Jul '22 Jul 29, 2022 | Apr '22 Apr 29, 2022 | Jan '22 Jan 28, 2022 | Oct '21 Oct 29, 2021 |
| 151,197 | 134,002 | 113,538 | 104,090 | 101,451 | 96,701 | 95,567 | 93,954 | 91,839 | 89,747 | 88,425 | 91,146 | 93,616 | 97,107 | 102,301 | 105,254 | 106,957 | 104,723 | 101,197 | 91,763 | |
Revenue Growth (YoY) | 49.04% | 38.57% | 18.80% | 10.79% | 10.47% | 7.75% | 8.08% | 3.08% | -1.90% | -7.58% | -13.56% | -13.40% | -12.47% | -7.27% | 1.09% | 14.70% | 20.42% | 19.87% | 16.76% | -0.41% |
Cost of Revenue | 121,120 | 108,257 | 90,689 | 82,285 | 79,881 | 75,209 | 74,162 | 72,718 | 70,840 | 68,751 | 67,270 | 69,699 | 71,593 | 75,058 | 79,507 | 82,682 | 84,581 | 82,312 | 79,277 | 76,620 |
Gross Profit | 30,077 | 25,745 | 22,849 | 21,805 | 21,570 | 21,492 | 21,405 | 21,236 | 20,999 | 20,996 | 21,155 | 21,447 | 22,023 | 22,049 | 22,794 | 22,572 | 22,376 | 22,411 | 21,920 | 15,143 |
Selling, General & Admin | 11,745 | 11,259 | 11,119 | 10,999 | 11,149 | 11,350 | 11,533 | 11,817 | 11,949 | 12,180 | 12,335 | 12,906 | 13,162 | 13,455 | 13,773 | 13,648 | 14,275 | 14,550 | 14,557 | 10,838 |
Research & Development | 3,511 | 3,180 | 3,012 | 3,013 | 2,996 | 2,974 | 2,942 | 2,871 | 2,860 | 2,817 | 2,761 | 2,833 | 2,800 | 2,729 | 2,723 | 2,571 | 2,563 | 2,639 | 2,570 | 537 |
Operating Expenses | 15,256 | 14,439 | 14,131 | 14,012 | 14,145 | 14,324 | 14,475 | 14,688 | 14,809 | 14,997 | 15,096 | 15,739 | 15,962 | 16,184 | 16,496 | 16,219 | 16,838 | 17,189 | 17,127 | 11,375 |
Operating Income | 14,821 | 11,306 | 8,718 | 7,793 | 7,425 | 7,168 | 6,930 | 6,548 | 6,190 | 5,999 | 6,059 | 5,708 | 6,061 | 5,865 | 6,298 | 6,353 | 5,538 | 5,222 | 4,793 | 3,768 |
Interest Expense | -1,145 | -1,597 | -1,560 | -1,492 | -1,417 | -1,405 | -1,394 | -1,424 | -1,474 | -1,439 | -1,501 | -1,515 | -1,416 | -1,362 | -1,222 | -1,122 | -1,256 | -1,374 | -1,542 | -1,452 |
Interest & Investment Income | 294 | 306 | 256 | 200 | 163 | 137 | 160 | 219 | 272 | 300 | 305 | 261 | 194 | 144 | 100 | 64 | 53 | 47 | 42 | 30 |
Currency Exchange Gain (Loss) | -95 | -107 | -95 | -89 | -81 | -79 | -112 | -152 | -153 | -205 | -199 | -165 | -207 | -208 | -265 | -296 | -257 | -258 | -221 | -182 |
Other Non Operating Income (Expenses) | 23 | 18 | 23 | 15 | -2 | -11 | -20 | 48 | 54 | -21 | 24 | -29 | -57 | -18 | -59 | -6 | -33 | 14 | 20 | 94 |
EBT Excluding Unusual Items | 13,898 | 9,926 | 7,342 | 6,427 | 6,088 | 5,810 | 5,564 | 5,239 | 4,889 | 4,634 | 4,688 | 4,260 | 4,575 | 4,421 | 4,852 | 4,993 | 4,045 | 3,651 | 3,092 | 2,258 |
Merger & Restructuring Charges | -569 | -666 | -569 | -577 | -607 | -731 | -693 | -779 | -656 | -692 | -648 | -801 | -876 | -575 | -527 | -160 | -63 | - | -134 | - |
Gain (Loss) on Sale of Investments | 254 | 868 | 254 | 350 | 223 | 224 | 177 | 104 | 66 | 32 | 47 | -45 | -9 | -235 | -206 | -5 | -31 | 390 | 569 | 211 |
Gain (Loss) on Sale of Assets | 236 | - | 236 | 236 | 236 | 236 | - | - | - | - | - | - | - | - | - | - | 3,968 | 3,968 | 3,968 | 3,968 |
Legal Settlements | - | - | - | - | - | - | - | - | - | - | - | 106 | -894 | -894 | -894 | -1,000 | - | - | - | - |
Other Unusual Items | - | - | - | - | - | - | - | - | - | - | - | 2 | - | - | - | -1,574 | -1,572 | -1,572 | -1,572 | -158 |
Pretax Income | 13,819 | 10,128 | 7,263 | 6,436 | 5,940 | 5,539 | 5,048 | 4,564 | 4,299 | 3,974 | 4,087 | 3,522 | 2,796 | 2,717 | 3,225 | 2,254 | 6,347 | 6,437 | 5,923 | 6,279 |
Income Tax Expense | 2,441 | 1,719 | 1,327 | 1,227 | 1,109 | 990 | 472 | 185 | 86 | 188 | 715 | 879 | 916 | 786 | 803 | 467 | 1,118 | 1,085 | 981 | 1,225 |
Earnings From Continuing Operations | 11,378 | 8,409 | 5,936 | 5,209 | 4,831 | 4,549 | 4,576 | 4,379 | 4,213 | 3,786 | 3,372 | 2,643 | 1,880 | 1,931 | 2,422 | 1,787 | 5,229 | 5,352 | 4,942 | 5,054 |
Earnings From Discontinued Operations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30 | 188 | 388 | 615 | 1,586 |
Net Income to Company | 11,378 | 8,409 | 5,936 | 5,209 | 4,831 | 4,549 | 4,576 | 4,379 | 4,213 | 3,786 | 3,372 | 2,643 | 1,880 | 1,931 | 2,422 | 1,817 | 5,417 | 5,740 | 5,557 | 6,640 |
Minority Interest in Earnings | - | - | - | 1 | 6 | 11 | 16 | 17 | 14 | 16 | 16 | 22 | 24 | 22 | 20 | 13 | 11 | 8 | 6 | 148 |
Net Income | 11,378 | 8,409 | 5,936 | 5,210 | 4,837 | 4,560 | 4,592 | 4,396 | 4,227 | 3,802 | 3,388 | 2,665 | 1,904 | 1,953 | 2,442 | 1,830 | 5,428 | 5,748 | 5,563 | 6,788 |
Net Income to Common | 11,378 | 8,409 | 5,936 | 5,210 | 4,837 | 4,560 | 4,592 | 4,396 | 4,227 | 3,802 | 3,388 | 2,665 | 1,904 | 1,953 | 2,442 | 1,830 | 5,428 | 5,748 | 5,563 | 6,788 |
Net Income Growth (YoY) | 135.23% | 84.41% | 29.27% | 18.52% | 14.43% | 19.94% | 35.54% | 64.95% | 122.01% | 94.67% | 38.74% | 45.63% | -64.92% | -66.02% | -56.10% | -73.04% | 43.71% | 43.92% | 71.17% | 179.23% |
Shares Outstanding (Basic) | 656 | 664 | 675 | 686 | 694 | 701 | 705 | 707 | 712 | 716 | 720 | 722 | 724 | 727 | 734 | 746 | 755 | 761 | 762 | 759 |
Shares Outstanding (Diluted) | 664 | 673 | 684 | 695 | 705 | 714 | 720 | 724 | 730 | 734 | 736 | 737 | 738 | 742 | 753 | 772 | 783 | 791 | 791 | 783 |
Shares Change (YoY) | -5.75% | -5.78% | -5.00% | -3.97% | -3.49% | -2.69% | -2.17% | -1.80% | -1.02% | -1.18% | -2.26% | -4.44% | -5.81% | -6.10% | -4.80% | -1.44% | 0.39% | 2.17% | 3.13% | 2.79% |
EPS (Basic) | 17.34 | 12.66 | 8.79 | 7.60 | 6.97 | 6.50 | 6.51 | 6.22 | 5.94 | 5.31 | 4.71 | 3.69 | 2.63 | 2.69 | 3.33 | 2.45 | 7.19 | 7.55 | 7.30 | 8.94 |
EPS (Diluted) | 17.14 | 12.51 | 8.68 | 7.50 | 6.87 | 6.39 | 6.38 | 6.07 | 5.79 | 5.18 | 4.60 | 3.61 | 2.58 | 2.63 | 3.24 | 2.37 | 6.93 | 7.26 | 7.02 | 8.66 |
EPS Growth (YoY) | 149.50% | 95.84% | 36.05% | 23.48% | 18.71% | 23.32% | 38.70% | 68.12% | 124.11% | 96.83% | 41.98% | 52.13% | -62.73% | -63.75% | -53.87% | -72.58% | 43.58% | 41.12% | 66.43% | 172.40% |
Additional Metrics
Fiscal Quarter | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jul '26 Jul 31, 2026 | May '26 May 1, 2026 | Jan '26 Jan 30, 2026 | Oct '25 Oct 31, 2025 | Aug '25 Aug 1, 2025 | May '25 May 2, 2025 | Jan '25 Jan 31, 2025 | Nov '24 Nov 1, 2024 | Aug '24 Aug 2, 2024 | May '24 May 3, 2024 | Feb '24 Feb 2, 2024 | Nov '23 Nov 3, 2023 | Aug '23 Aug 4, 2023 | May '23 May 5, 2023 | Feb '23 Feb 3, 2023 | Oct '22 Oct 28, 2022 | Jul '22 Jul 29, 2022 | Apr '22 Apr 29, 2022 | Jan '22 Jan 28, 2022 | Oct '21 Oct 29, 2021 |
Free Cash Flow | 8,560 | 9,442 | 8,552 | 4,449 | 4,860 | 3,650 | 1,869 | 2,825 | 3,359 | 5,291 | 5,920 | 7,069 | 5,270 | 2,597 | 562 | 960 | 3,763 | 4,939 | 7,511 | 10,537 |
Free Cash Flow Per Share | 12.89 | 14.04 | 12.50 | 6.40 | 6.90 | 5.11 | 2.60 | 3.90 | 4.60 | 7.21 | 8.04 | 9.59 | 7.15 | 3.50 | 0.75 | 1.24 | 4.81 | 6.25 | 9.50 | 13.46 |
Dividend Per Share | 2.310 | 2.205 | 2.100 | 2.020 | 1.940 | 1.860 | 1.780 | 1.705 | 1.630 | 1.555 | 1.480 | 1.440 | 1.400 | 1.360 | 1.320 | 0.990 | 0.660 | 0.330 | - | - |
Dividend Growth (YoY) | 19.07% | 18.55% | 17.98% | 18.48% | 19.02% | 19.61% | 20.27% | 18.40% | 16.43% | 14.34% | 12.12% | 45.45% | 112.12% | 312.12% | - | - | - | - | - | - |
Gross Margin | 19.89% | 19.21% | 20.13% | 20.95% | 21.26% | 22.23% | 22.40% | 22.60% | 22.86% | 23.39% | 23.92% | 23.53% | 23.52% | 22.71% | 22.28% | 21.45% | 20.92% | 21.40% | 21.66% | 16.50% |
Operating Margin | 9.80% | 8.44% | 7.68% | 7.49% | 7.32% | 7.41% | 7.25% | 6.97% | 6.74% | 6.68% | 6.85% | 6.26% | 6.47% | 6.04% | 6.16% | 6.04% | 5.18% | 4.99% | 4.74% | 4.11% |
Profit Margin | 7.52% | 6.28% | 5.23% | 5.00% | 4.77% | 4.72% | 4.81% | 4.68% | 4.60% | 4.24% | 3.83% | 2.92% | 2.03% | 2.01% | 2.39% | 1.74% | 5.08% | 5.49% | 5.50% | 7.40% |
Free Cash Flow Margin | 5.66% | 7.05% | 7.53% | 4.27% | 4.79% | 3.77% | 1.96% | 3.01% | 3.66% | 5.90% | 6.69% | 7.76% | 5.63% | 2.67% | 0.55% | 0.91% | 3.52% | 4.72% | 7.42% | 11.48% |
EBITDA | 17,502 | 14,065 | 11,457 | 10,498 | 10,139 | 9,904 | 9,728 | 9,322 | 9,021 | 8,877 | 8,946 | 8,707 | 9,070 | 8,787 | 9,137 | 9,222 | 8,817 | 8,997 | 9,081 | 8,547 |
EBITDA Margin | 11.58% | 10.50% | 10.09% | 10.09% | 9.99% | 10.24% | 10.18% | 9.92% | 9.82% | 9.89% | 10.12% | 9.55% | 9.69% | 9.05% | 8.93% | 8.76% | 8.24% | 8.59% | 8.97% | 9.31% |
D&A For EBITDA | 2,681 | 2,759 | 2,739 | 2,705 | 2,714 | 2,736 | 2,798 | 2,774 | 2,831 | 2,878 | 2,887 | 2,999 | 3,009 | 2,922 | 2,839 | 2,869 | 3,279 | 3,775 | 4,288 | 4,779 |
EBIT | 14,821 | 11,306 | 8,718 | 7,793 | 7,425 | 7,168 | 6,930 | 6,548 | 6,190 | 5,999 | 6,059 | 5,708 | 6,061 | 5,865 | 6,298 | 6,353 | 5,538 | 5,222 | 4,793 | 3,768 |
EBIT Margin | 9.80% | 8.44% | 7.68% | 7.49% | 7.32% | 7.41% | 7.25% | 6.97% | 6.74% | 6.68% | 6.85% | 6.26% | 6.47% | 6.04% | 6.16% | 6.04% | 5.18% | 4.99% | 4.74% | 4.11% |
Effective Tax Rate | 17.66% | 16.97% | 18.27% | 19.06% | 18.67% | 17.87% | 9.35% | 4.05% | 2.00% | 4.73% | 17.49% | 24.96% | 32.76% | 28.93% | 24.90% | 20.72% | 17.61% | 16.86% | 16.56% | 19.51% |
Revenue as Reported | 151,197 | 134,002 | 113,538 | 104,090 | 101,451 | 96,701 | 95,567 | 93,954 | 91,839 | 89,747 | 88,425 | 91,146 | 93,616 | 97,107 | 102,301 | 105,254 | 106,957 | 104,723 | 101,197 | 91,763 |
Advertising Expenses | - | - | 700 | - | - | - | 800 | - | - | - | 900 | - | - | - | 1,100 | - | - | - | 1,300 | - |