Technology · Computer Processing Hardware

Dell Technologies Inc.

NYSEDELL ISINUS24703L2025 SEC CIK0001571996 Listed on NYSE · USD

$358.22 -15.46 (-4.14%) Pre-market $338.42 (-9.44%) ≈ ₹33,620 a share

Open chart

Price, last 12 months+154.72% in a year

Key numbers

Market value: $227.76B
P/E (TTM): 20.8
Forward P/E: 12.7
EPS (TTM): $17.23
Dividend yield: 0.70%
Beta: 1.44
Day range: $335.20 – $366.65
52-week range: $110.22 – $595.51
Volume: 2,653,799
10-day avg volume: $8.15M
Revenue (TTM): $151.20B
EBITDA (TTM): $18.08B
Gross margin: 19.8%
Net margin: 7.5%
Return on equity: 44.3%
Debt / equity: -2,415.3%
Price / sales: 1.51
Shares out: 635.81M

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Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$22.25B$1.54B$1.05B

Nov 23

$22.32B$1.55B$1.21B

Feb 24

$22.24B$965.00M$997.00M

May 24

$25.03B$1.39B$887.00M

Aug 24

$24.37B$1.72B$1.18B

Nov 24

$23.93B$2.16B$1.53B

Jan 25

$23.38B$1.17B$965.00M

May 25

$29.78B$1.77B$1.16B

Aug 25

$27.01B$2.12B$1.55B

Oct 25

$33.38B$3.09B$2.26B

Jan 26

$43.84B$3.66B$3.44B

May 26

$46.97B$5.39B$4.13B

Jul 26

Revenue · YoY (vs a year ago)

————+9.5%—+5.1%+19%—+39%+88%—

Net income · YoY (vs a year ago)

————+12%—-3.2%+31%—+47%+256%—

RevenueOperating incomeNet incomeLine = trend

US$	Nov 23	Feb 24	May 24	Aug 24	Nov 24	Jan 25	May 25	Aug 25	Oct 25	Jan 26	May 26	Jul 26
Revenue	$22.25B	$22.32B	$22.24B	$25.03B	$24.37B	$23.93B	$23.38B	$29.78B	$27.01B	$33.38B	$43.84B	$46.97B
Cost of revenue	$17.05B	$16.95B	$17.39B	$19.67B	$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
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%
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	$5.39B
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%
Interest expense	$371.00M	$373.00M	$343.00M	$387.00M	$321.00M	$343.00M	$354.00M	$399.00M	$396.00M	$411.00M	$391.00M	—
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
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%
EPS (diluted)	$1.42	$1.66	$1.37	$1.23	$1.64	$2.15	$1.37	$1.70	$2.28	—	$5.24	$6.34

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$90.62B$25.05B$-2.31B

FY19

$84.82B$20.64B$4.62B

FY20

$86.67B$20.14B$3.25B

FY21

$101.20B$21.89B$5.56B

FY22

$102.30B$22.69B$2.44B

FY23

$88.43B$21.07B$3.39B

FY24

$95.57B$21.25B$4.59B

FY25

$113.54B$22.71B$5.94B

FY26

Revenue · YoY (vs a year ago)

—-6.4%+2.2%+17%+1.1%-14%+8.1%+19%

Net income · YoY (vs a year ago)

—+300%-30%+71%-56%+39%+36%+29%

RevenueGross profitNet incomeLine = trend

FY19

$6.03

FY20

$4.22

FY21

FY22

$3.24

FY23

$4.60

FY24

$6.38

FY25

$8.68

FY26

EPS (diluted) · YoY (vs a year ago)

——-30%——+42%+39%+36%

EPS (diluted)Line = trend

US$	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$90.62B	$84.82B	$86.67B	$101.20B	$102.30B	$88.43B	$95.57B	$113.54B
Revenue growth	—	-6.4%	2.2%	16.8%	1.1%	-13.6%	8.1%	18.8%
Cost of revenue	$65.57B	$64.18B	$66.53B	$79.31B	$79.62B	$67.36B	$74.32B	$90.83B
Gross profit	$25.05B	$20.64B	$20.14B	$21.89B	$22.69B	$21.07B	$21.25B	$22.71B
Gross margin	27.6%	24.3%	23.2%	21.6%	22.2%	23.8%	22.2%	20.0%
Research & development	$4.60B	$2.45B	$2.46B	$2.58B	$2.78B	$2.80B	$3.06B	$3.14B
Selling, general & admin	$20.64B	$15.82B	$14.00B	$14.66B	$14.14B	$12.86B	$11.95B	$11.42B
Operating income	$-191.00M	$2.37B	$3.69B	$4.66B	$5.77B	$5.41B	$6.24B	$8.15B
Operating margin	-0.2%	2.8%	4.3%	4.6%	5.6%	6.1%	6.5%	7.2%
Depreciation & amortisation	$7.75B	$6.14B	$5.39B	$4.55B	$3.16B	$3.30B	$3.12B	$3.03B
Interest expense	$2.49B	$2.33B	$2.05B	$1.54B	$1.22B	$1.50B	$1.39B	$1.56B
Pre-tax income	$-2.36B	$-51.00M	$2.35B	$5.92B	$3.23B	$4.09B	$5.05B	$7.26B
Income tax	$-180.00M	$-572.00M	$101.00M	$981.00M	$803.00M	$715.00M	$472.00M	$1.33B
Tax rate	—	—	4.3%	16.6%	24.9%	17.5%	9.4%	18.3%
Net income	$-2.31B	$4.62B	$3.25B	$5.56B	$2.44B	$3.39B	$4.59B	$5.94B
Net margin	-2.5%	5.4%	3.7%	5.5%	2.4%	3.8%	4.8%	5.2%
EPS (diluted)	—	$6.03	$4.22	—	$3.24	$4.60	$6.38	$8.68

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$-5.77B$53.52B$9.68B

FY19

$-1.57B$52.06B$9.30B

FY20

$2.48B$39.22B$9.51B

FY21

$-1.69B$26.95B$9.48B

FY22

$-3.12B$29.59B$8.61B

FY23

$-2.23B$25.99B$7.37B

FY24

$-1.48B$24.57B$3.63B

FY25

$-2.47B$31.50B$11.53B

FY26

Shareholders' equity · YoY (vs a year ago)

—+73%+257%-168%-85%+29%+33%-67%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & equivalents	$9.68B	$9.30B	$9.51B	$9.48B	$8.61B	$7.37B	$3.63B	$11.53B
Short-term investments	$0	—	—	—	—	—	—	—
Current assets	$36.14B	$36.87B	$43.57B	$45.03B	$42.35B	$35.98B	$36.23B	$57.60B
Total assets	$111.82B	$118.86B	$123.42B	$92.74B	$89.61B	$82.13B	$79.75B	$101.29B
Current liabilities	$44.97B	$52.46B	$54.13B	$56.22B	$51.65B	$48.35B	$46.53B	$63.27B
Long-term debt	$49.20B	$44.32B	$32.87B	$21.13B	$23.02B	$19.01B	$19.36B	$23.51B
Short-term debt	$4.32B	$7.74B	$6.36B	$5.82B	$6.57B	$6.98B	$5.20B	$7.99B
Total debt	$53.52B	$52.06B	$39.22B	$26.95B	$29.59B	$25.99B	$24.57B	$31.50B
Total liabilities	$111.57B	$115.08B	$115.39B	$94.32B	$92.64B	$84.26B	$81.13B	$103.76B
Shareholders' equity	$-5.77B	$-1.57B	$2.48B	$-1.69B	$-3.12B	$-2.23B	$-1.48B	$-2.47B
Current ratio	0.80	0.70	0.80	0.80	0.82	0.74	0.78	0.91
Debt / equity	—	—	15.82	—	—	—	—	—
Return on equity	—	—	131.1%	—	—	—	—	—

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$6.99B$5.49B$16.21B

FY19

$9.29B$6.72B$8.00M

FY20

$11.41B$9.33B$241.00M

FY21

$10.31B$7.51B$1.50B

FY22

$3.57B$562.00M$3.85B

FY23

$8.68B$5.92B$3.15B

FY24

$4.52B$1.87B$3.86B

FY25

$11.19B$8.55B$7.47B

FY26

Operating cash flow · YoY (vs a year ago)

—+33%+23%-9.6%-65%+143%-48%+147%

Free cash flow · YoY (vs a year ago)

—+22%+39%-19%-93%+953%-68%+358%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash from operations	$6.99B	$9.29B	$11.41B	$10.31B	$3.57B	$8.68B	$4.52B	$11.19B
Capital spending	$-1.50B	$-2.58B	$-2.08B	$-2.80B	$-3.00B	$-2.76B	$-2.65B	$-2.63B
Free cash flow	$5.49B	$6.72B	$9.33B	$7.51B	$562.00M	$5.92B	$1.87B	$8.55B
FCF margin	6.1%	7.9%	10.8%	7.4%	0.5%	6.7%	2.0%	7.5%
Stock-based pay	$918.00M	$1.26B	$1.61B	$1.62B	$931.00M	$878.00M	$785.00M	$723.00M
Cash from investing	$3.39B	$-4.69B	$-460.00M	$1.31B	$-3.02B	$-2.78B	$-2.22B	$-2.06B
Cash from financing	$-14.33B	$-4.60B	$-5.95B	$-16.61B	$-1.63B	$-7.09B	$-5.82B	$-1.46B
Dividends paid	$-2.13B	$0	$0	$0	$-964.00M	$-1.07B	$-1.28B	$-1.46B
Share buybacks	$-14.08B	$-8.00M	$-241.00M	$-1.50B	$-2.88B	$-2.08B	$-2.59B	$-6.01B

About

About Dell Technologies Inc.

Dell Technologies Inc. is an American multinational technology company that has been headquartered in Round Rock, Texas, since 1994. It was formed as a result of the September 2016 merger of Dell Inc. and EMC Corporation. Dell Technologies ranked 44th on the 2025 Fortune 500 rankings of the largest United States corporations based on its 2024 revenue; its products include personal computers, servers, monitors, computer software, computer security and network security, as well as information security services.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Dell Technologies Inc.
Ticker: DELL
Exchange: NYSE
ISIN: US24703L2025
SEC CIK: 0001571996
Sector: Technology
Industry: Computer Processing Hardware
SEC industry (SIC): Electronic Computers (3571)
Incorporated in: Texas
Financial year ends: 29 January
Filer type: Large accelerated filer
Latest annual report (10-K): 16 Mar 2026
CEO: Michael Dell
Chair: Michael Dell
Headquarters: Round Rock
Address: One Dell Way, Round Rock, Tx 78682
Founded: 1984
Employees: 97,000
Formerly known as: Denali Holding Inc.
Trades in: US dollars (USD)
Website: delltechnologies.com

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Dell Technologies Inc.

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

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