Dell Technologies (DELL)

NYSE Information Technology Technology Hardware, Storage & Peripherals S&P 500

$328.53

+11.62 (+3.67%)

Close of Nov 06, 2026 · end-of-day data

Source: Dell Technologies's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$62.16B	$79.04B	$90.62B	$84.81B	$86.67B	$101.20B	$102.30B	$88.42B	$95.57B	$113.54B
Cost of revenue	$48.52B	$58.50B	$65.57B	$64.18B	$66.53B	$79.31B	$79.61B	$67.36B	$74.32B	$90.83B
Gross profit	$13.65B	$20.54B	$25.05B	$20.64B	$20.14B	$21.89B	$22.69B	$21.07B	$21.25B	$22.71B
Research & development	$2.64B	$4.38B	$4.60B	$2.45B	$2.46B	$2.58B	$2.78B	$2.80B	$3.06B	$3.14B
Selling, general & admin	$13.40B	$18.57B	$20.64B	$15.82B	$14.00B	$14.65B	$14.14B	$12.86B	$11.95B	$11.42B
Operating income	-$2.39B	-$2.42B	-$191.00M	$2.37B	$3.69B	$4.66B	$5.77B	$5.41B	$6.24B	$8.15B
Interest expense	$1.75B	$2.41B	$2.49B	$2.33B	$2.05B	$1.54B	$1.22B	$1.50B	$1.39B	$1.56B
Pre-tax income	-$4.49B	-$4.77B	-$2.36B	-$51.00M	$2.35B	$5.92B	$3.23B	$4.09B	$5.05B	$7.26B
Income tax	-$1.42B	-$1.84B	-$180.00M	-$572.00M	$101.00M	$981.00M	$803.00M	$715.00M	$472.00M	$1.33B
Net income	-$1.17B	-$2.85B	-$2.31B	$4.62B	$3.25B	$5.56B	$2.44B	$3.39B	$4.59B	$5.94B
EBITDA	$2.55B	$6.22B	$7.55B	$8.51B	$9.07B	$9.21B	$8.93B	$8.71B	$9.36B	$11.18B
EPS (basic)	—	—	—	$6.38	$4.37	—	$3.33	$4.71	$6.51	$8.79
EPS (diluted)	—	—	—	$6.03	$4.22	—	$3.24	$4.60	$6.38	$8.68
Diluted shares	—	—	—	751.00M	767.00M	791.00M	753.00M	736.00M	720.00M	684.00M
Gross margin	22.0%	26.0%	27.6%	24.3%	23.2%	21.6%	22.2%	23.8%	22.2%	20.0%
Operating margin	-3.8%	-3.1%	-0.2%	2.8%	4.3%	4.6%	5.6%	6.1%	6.5%	7.2%
Net margin	-1.9%	-3.6%	-2.5%	5.4%	3.7%	5.5%	2.4%	3.8%	4.8%	5.2%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$9.47B	$13.94B	$9.68B	$9.30B	$9.51B	$9.48B	$8.61B	$7.37B	$3.63B	$11.53B
Short-term investments	$1.98B	$2.19B	$0	—	—	—	—	—	—	—
Receivables	$9.89B	$11.72B	$12.37B	$12.48B	$10.73B	$12.91B	$12.48B	$9.34B	$10.30B	$17.59B
Inventory	$2.54B	$2.68B	$3.65B	$3.28B	$3.40B	$5.90B	$4.78B	$3.62B	$6.72B	$10.44B
Total current assets	$31.91B	$40.33B	$36.14B	$36.87B	$43.57B	$45.03B	$42.35B	$35.98B	$36.23B	$57.60B
Goodwill	$38.91B	$39.92B	$40.09B	$21.16B	$20.03B	$19.77B	$19.68B	$19.70B	$19.12B	$19.55B
Total assets	$119.67B	$124.19B	$111.82B	$118.86B	$123.42B	$92.73B	$89.61B	$82.13B	$79.75B	$101.29B
Total current liabilities	$38.17B	$45.84B	$44.97B	$52.46B	$54.13B	$56.22B	$51.65B	$48.35B	$46.53B	$63.27B
Short-term debt	$6.33B	$7.87B	$4.32B	$7.74B	$6.36B	$5.82B	$6.57B	$6.98B	$5.20B	$7.99B
Long-term debt	$43.06B	$44.00B	$49.20B	$44.32B	$32.87B	$21.13B	$23.02B	$19.01B	$19.36B	$23.51B
Total debt	$49.39B	$51.87B	$53.52B	$52.06B	$39.22B	$26.95B	$29.59B	$25.99B	$24.57B	$31.50B
Total liabilities	$98.86B	$106.32B	$111.57B	$115.08B	$115.39B	$94.31B	$92.64B	$84.26B	$81.13B	$103.76B
Shareholders' equity	$14.76B	$11.72B	-$5.76B	-$1.57B	$2.48B	-$1.69B	-$3.12B	-$2.23B	-$1.48B	-$2.47B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$2.37B	$6.84B	$6.99B	$9.29B	$11.41B	$10.31B	$3.56B	$8.68B	$4.52B	$11.19B
Capital expenditures	$699.00M	$1.21B	$1.50B	$2.58B	$2.08B	$2.80B	$3.00B	$2.76B	$2.65B	$2.63B
Free cash flow	$1.67B	$5.63B	$5.49B	$6.71B	$9.32B	$7.51B	$562.00M	$5.92B	$1.87B	$8.55B
Investing cash flow	-$31.24B	-$2.88B	$3.39B	-$4.69B	-$460.00M	$1.31B	-$3.02B	-$2.78B	-$2.21B	-$2.06B
Financing cash flow	$31.79B	$403.00M	-$14.33B	-$4.60B	-$5.95B	-$16.61B	-$1.62B	-$7.09B	-$5.82B	-$1.46B
Dividends paid	$0	$0	$2.13B	$0	$0	$0	$964.00M	$1.07B	$1.27B	$1.46B
Share buybacks	$611.00M	$724.00M	$14.07B	$8.00M	$241.00M	$1.50B	$2.88B	$2.08B	$2.59B	$6.01B
Stock-based compensation	$398.00M	$835.00M	$918.00M	$1.26B	$1.61B	$1.62B	$931.00M	$878.00M	$785.00M	$723.00M
Depreciation & amortization	$4.94B	$8.63B	$7.75B	$6.14B	$5.39B	$4.55B	$3.16B	$3.30B	$3.12B	$3.03B

Income statement

quarters · USD

Quarter ended	Nov 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Jan 2025	May 2025	Aug 2025	Oct 2025	Jan 2026	May 2026	Jul 2026
Revenue	$22.25B	$22.32B	$22.24B	$25.03B	$24.37B	$23.93B	$23.38B	$29.78B	$27.00B	$33.38B	$43.84B	$46.97B
Cost of revenue	$17.05B	$16.95B	$17.39B	$19.66B	$19.01B	$18.25B	$18.44B	$24.33B	$21.41B	$26.65B	$36.06B	$37.14B
Gross profit	$5.20B	$5.37B	$4.85B	$5.36B	$5.36B	$5.68B	$4.94B	$5.45B	$5.59B	$6.73B	$7.78B	$9.83B
Research & development	$692.00M	$716.00M	$763.00M	$780.00M	$745.00M	$773.00M	$808.00M	$785.00M	$752.00M	$797.00M	$983.00M	$1.11B
Selling, general & admin	$2.97B	$3.11B	$3.12B	$3.19B	$2.89B	$2.75B	$2.96B	$2.89B	$2.72B	$2.84B	$3.14B	$3.34B
Operating income	$1.54B	$1.55B	$965.00M	$1.39B	$1.72B	$2.16B	$1.17B	$1.77B	$2.12B	$3.09B	$3.66B	$5.38B
Interest expense	$371.00M	$373.00M	$343.00M	$387.00M	$321.00M	$343.00M	$354.00M	$399.00M	$396.00M	$411.00M	$391.00M	$400.00M
Pre-tax income	$1.23B	$1.34B	$592.00M	$1.04B	$1.45B	$1.97B	$1.08B	$1.44B	$1.94B	$2.80B	$3.95B	$5.13B
Income tax	$183.00M	$136.00M	-$400.00M	$157.00M	$275.00M	$440.00M	$118.00M	$276.00M	$393.00M	$540.00M	$510.00M	$998.00M
Net income	$1.05B	$1.21B	$997.00M	$887.00M	$1.18B	$1.53B	$965.00M	$1.16B	$1.55B	$2.26B	$3.44B	$4.13B
EBITDA	$2.36B	$2.39B	$1.76B	$2.18B	$2.49B	$2.93B	$1.90B	$2.54B	$2.88B	$3.87B	$4.41B	$6.14B
EPS (basic)	$1.46	$1.70	$1.41	$1.25	$1.67	$2.19	$1.39	$1.72	$2.31	$3.38	$5.30	$6.41
EPS (diluted)	$1.42	$1.66	$1.37	$1.23	$1.64	$2.15	$1.37	$1.70	$2.28	$3.34	$5.24	$6.34
Diluted shares	740.00M	-2.00M	727.00M	724.00M	717.00M	-2.00M	702.00M	686.00M	680.00M	-5.00M	656.00M	652.00M
Gross margin	23.4%	24.1%	21.8%	21.4%	22.0%	23.7%	21.1%	18.3%	20.7%	20.2%	17.8%	20.9%
Operating margin	6.9%	6.9%	4.3%	5.6%	7.1%	9.0%	5.0%	6.0%	7.8%	9.3%	8.3%	11.5%
Net margin	4.7%	5.4%	4.5%	3.5%	4.8%	6.4%	4.1%	3.9%	5.7%	6.8%	7.8%	8.8%

Balance sheet

quarters · USD

Quarter ended	Nov 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Jan 2025	May 2025	Aug 2025	Oct 2025	Jan 2026	May 2026	Jul 2026
Cash & equivalents	$8.30B	$7.37B	$5.83B	$4.55B	$5.22B	$3.63B	$7.70B	$8.14B	$9.57B	$11.53B	$11.58B	$11.57B
Receivables	—	$9.34B	$8.56B	$11.39B	$11.19B	$10.30B	$9.79B	$15.02B	$11.72B	$17.59B	$25.85B	$22.92B
Inventory	$3.38B	$3.62B	$4.78B	$5.95B	$6.65B	$6.72B	$7.42B	$7.21B	$6.95B	$10.44B	$15.05B	$21.29B
Total current assets	$36.99B	$35.98B	$34.63B	$37.54B	$38.03B	$36.23B	$42.92B	$45.51B	$43.10B	$57.60B	$70.61B	$80.55B
Goodwill	$19.62B	$19.70B	$19.64B	$19.65B	$19.24B	$19.12B	$19.32B	$19.34B	$19.36B	$19.55B	$19.50B	$19.45B
Total assets	$83.26B	$82.13B	$80.19B	$82.69B	$81.95B	$79.75B	$86.87B	$89.18B	$87.48B	$101.29B	$114.91B	$127.39B
Total current liabilities	$48.88B	$48.35B	$47.73B	$52.03B	$49.50B	$46.53B	$50.42B	$54.86B	$50.52B	$63.27B	$74.60B	$83.70B
Short-term debt	$6.50B	$6.98B	$6.10B	$6.71B	$5.61B	$5.20B	$4.84B	$7.15B	$7.39B	$7.99B	$7.55B	$8.48B
Long-term debt	$20.12B	$19.01B	$19.38B	$17.81B	$19.41B	$19.36B	$23.94B	$21.54B	$23.85B	$23.51B	$23.61B	$25.98B
Total debt	$26.62B	$25.99B	$25.48B	$24.52B	$25.02B	$24.57B	$28.78B	$28.69B	$31.24B	$31.50B	$31.16B	$34.47B
Total liabilities	$85.83B	$84.26B	$82.91B	$85.48B	$84.14B	$81.13B	$89.89B	$91.94B	$90.10B	$103.76B	$116.32B	$128.82B
Shareholders' equity	-$2.66B	-$2.23B	-$2.82B	-$2.89B	-$2.29B	-$1.48B	-$3.02B	-$2.77B	-$2.62B	-$2.47B	-$1.40B	-$1.43B

Cash flow

quarters · USD

Quarter ended	Nov 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Jan 2025	May 2025	Aug 2025	Oct 2025	Jan 2026	May 2026	Jul 2026
Operating cash flow	$2.15B	$1.53B	$1.04B	$1.34B	$1.55B	$585.00M	$2.80B	$2.54B	$1.17B	$4.67B	$4.08B	$2.23B
Capital expenditures	$704.00M	$727.00M	$596.00M	$682.00M	$639.00M	$735.00M	$568.00M	$675.00M	$669.00M	$721.00M	$963.00M	$1.24B
Free cash flow	$1.45B	$806.00M	$447.00M	$658.00M	$914.00M	-$150.00M	$2.23B	$1.87B	$503.00M	$3.95B	$3.12B	$986.00M
Investing cash flow	-$825.00M	-$669.00M	-$456.00M	-$557.00M	-$524.00M	-$678.00M	-$88.00M	-$655.00M	-$617.00M	-$695.00M	-$1.07B	-$1.34B
Financing cash flow	-$1.45B	-$1.82B	-$2.08B	-$2.03B	-$315.00M	-$1.39B	$1.24B	-$1.47B	$857.00M	-$2.09B	-$2.95B	-$882.00M
Dividends paid	$266.00M	$261.00M	$336.00M	$316.00M	$312.00M	$311.00M	$396.00M	$366.00M	$351.00M	$346.00M	$464.00M	$405.00M
Share buybacks	$702.00M	$878.00M	$700.00M	$725.00M	$429.00M	$734.00M	$1.98B	$940.00M	$1.25B	$1.85B	$1.63B	$3.80B
Stock-based compensation	$227.00M	$203.00M	$210.00M	$191.00M	$198.00M	$186.00M	$190.00M	$179.00M	$165.00M	$189.00M	$189.00M	$184.00M
Depreciation & amortization	$822.00M	$841.00M	$800.00M	$784.00M	$765.00M	$774.00M	$738.00M	$762.00M	$756.00M	$773.00M	$758.00M	$754.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.