Available company data, source links and archived checks for Dell Technologies. Read each source and date: a past check is not a fresh review, and some earlier figures have incomplete source details.
Quarter ended 2026-07-31 · consolidated · Company filing
| Quarter | Revenue / income | YoY | Profit | YoY | Net margin | Source |
|---|---|---|---|---|---|---|
| Jul 2026 | Revenue: $47.0 bn | +57.7% | Net profit: $4.1 bn | +255.1% | 8.8% | Company filing source |
| May 2026 | Revenue: $43.8 bn | +87.5% | Net profit: $3.4 bn | +256.3% | 7.8% | Company filing source |
| Jan 2026 | Revenue: $33.4 bn | +39.5% | Net profit: $2.3 bn | +47.4% | 6.8% | Company filing source |
| Oct 2025 | Revenue: $27.0 bn | +10.8% | Net profit: $1.5 bn | +31.7% | 5.7% | Company filing source |
| Aug 2025 | Revenue: $29.8 bn | +19.0% | Net profit: $1.2 bn | +31.2% | 3.9% | Company filing source |
| May 2025 | Revenue: $23.4 bn | +5.1% | Net profit: $965 mn | -3.2% | 4.1% | Company filing source |
YoY means change from the same quarter a year earlier. — means no comparable figure is available. Older entries with incomplete source details have not been revalidated under the current checks.
(in millions, except per share amounts and percentages; unaudited)
Column boundaries are incomplete. Use the source document to interpret these figures.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | Six Months Ended | | | | July 31, 2026 | | August 1, 2025 | | Change | | July 31, 2026 | | August 1, 2025 | | Change | | | | | | | | | | | | | Net revenue | $ | 46,971 | | | $ | 29,776 | | | 58% | | $ | 90,813 | | | $ | 53,154 | | | 71% | Non-GAAP gross margin | $ | 9,929 | | | $ | 5,572 | | | 78% | | $ | 17,876 | | | $ | 10,629 | | | 68% | % of net revenue | 21.1 | % | | 18.7 | % | | | | 19.7 | % | | 20.0 | % | | | Non-GAAP operating expenses | $ | 4,000 | | | $ | 3,288 | | | 22% | | $ | 7,712 | | | $ | 6,679 | | | 15% | % of net revenue | 8.5 | % | | 11.0 | % | | | | 8.5 | % | | 12.6 | % | | | Non-GAAP operating income | $ | 5,929 | | | $ | 2,284 | | | 160% | | $ | 10,164 | | | $ | 3,950 | | | 157% | % of net revenue | 12.6 | % | | 7.7 | % | | | | 11.2 | % | | 7.4 | % | | | Non-GAAP net income | $ | 4,591 | | | $ | 1,591 | | | 189% | | $ | 7,781 | | | $ | 2,677 | | | 191% | % of net revenue | 9.8 | % | | 5.3 | % | | | | 8.6 | % | | 5.0 | % | | | Non-GAAP earnings per share — diluted | $ | 7.04 | | | $ | 2.32 | | | 203% | | $ | 11.90 | | | $ | 3.86 | | | 208%
Amounts are based on underlying data and may not visually foot due to rounding.
12
(in millions, except per share amounts and percentages; unaudited)
Column boundaries are incomplete. Use the source document to interpret these figures.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | Six Months Ended | | | | July 31, 2026 | | August 1, 2025 | | Change | | July 31, 2026 | | August 1, 2025 | | Change | | | | | | | | | | | | | Net revenue: | | | | | | | | | | | | Products | $ | 41,112 | | | $ | 23,935 | | | 72% | | $ | 79,217 | | | $ | 41,534 | | | 91% | Services | 5,859 | | | 5,841 | | | —% | | 11,596 | | | 11,620 | | | —% | Total net revenue | 46,971 | | | 29,776 | | | 58% | | 90,813 | | | 53,154 | | | 71% | Cost of net revenue: | | | | | | | | | | | | Products | 33,990 | | | 21,044 | | | 62% | | 66,842 | | | 36,160 | | | 85% | Services | 3,151 | | | 3,285 | | | (4)% | | 6,359 | | | 6,610 | | | (4)% | Total cost of revenue | 37,141 | | | 24,329 | | | 53% | | 73,201 | | | 42,770 | | | 71% | Gross margin | 9,830 | | | 5,447 | | | 80% | | 17,612 | | | 10,384 | | | 70% | Operating expenses: | | | | | | | | | | | | Selling, general, and administrative | 3,336 | | | 2,889 | | | 15% | | 6,479 | | | 5,853 | | | 11% | Research and development | 1,109 | | | 785 | | | 41% | | 2,092 | | | 1,593 | | | 31% | Total operating expenses | 4,445 | | | 3,674 | | | 21% | | 8,571 | | | 7,446 | | | 15% | Operating income | 5,385 | | | 1,773 | | | 204% | | 9,041 | | | 2,938 | | | 208% | Interest and other, net | (254) | | | (333) | | | 24% | | 38 | | | (415) | | | 109% | Income before income taxes | 5,131 | | | 1,440 | | | 256% | | 9,079 | | | 2,523 | | | 260% | Income tax expense | 998 | | | 276 | | | 262% | | 1,508 | | | 394 | | | 283% | Net income | $ | 4,133 | | | $ | 1,164 | | | 255% | | $ | 7,571 | | | $ | 2,129 | | | 256%
(in millions, except per share amounts and percentages; unaudited)
Column boundaries are incomplete. Use the source document to interpret these figures.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | Six Months Ended | | | | July 31, 2026 | | August 1, 2025 | | Change | | July 31, 2026 | | August 1, 2025 | | Change | | | | | | | | | | | | | Net revenue: | | | | | | | | | | | | Products | $ | 41,112 | | | $ | 23,935 | | | 72% | | $ | 79,217 | | | $ | 41,534 | | | 91% | Services | 5,859 | | | 5,841 | | | —% | | 11,596 | | | 11,620 | | | —% | Total net revenue | 46,971 | | | 29,776 | | | 58% | | 90,813 | | | 53,154 | | | 71% | Cost of net revenue: | | | | | | | | | | | | Products | 33,990 | | | 21,044 | | | 62% | | 66,842 | | | 36,160 | | | 85% | Services | 3,151 | | | 3,285 | | | (4)% | | 6,359 | | | 6,610 | | | (4)% | Total cost of revenue | 37,141 | | | 24,329 | | | 53% | | 73,201 | | | 42,770 | | | 71% | Gross margin | 9,830 | | | 5,447 | | | 80% | | 17,612 | | | 10,384 | | | 70% | Operating expenses: | | | | | | | | | | | | Selling, general, and administrative | 3,336 | | | 2,889 | | | 15% | | 6,479 | | | 5,853 | | | 11% | Research and development | 1,109 | | | 785 | | | 41% | | 2,092 | | | 1,593 | | | 31% | Total operating expenses | 4,445 | | | 3,674 | | | 21% | | 8,571 | | | 7,446 | | | 15% | Operating income | 5,385 | | | 1,773 | | | 204% | | 9,041 | | | 2,938 | | | 208% | Interest and other, net | (254) | | | (333) | | | 24% | | 38 | | | (415) | | | 109% | Income before income taxes | 5,131 | | | 1,440 | | | 256% | | 9,079 | | | 2,523 | | | 260% | Income tax expense | 998 | | | 276 | | | 262% | | 1,508 | | | 394 | | | 283% | Net income | $ | 4,133 | | | $ | 1,164 | | | 255% | | $ | 7,571 | | | $ | 2,129 | | | 256% | | | | | | | | | | | | | Earnings per share: | | | | | | | | | | | | Basic | $ | 6.41 | | | $ | 1.72 | | | 273% | | $ | 11.70 | | | $ | 3.11 | | | 276%
(in millions, except percentages; unaudited; continued on next page)
Column boundaries are incomplete. Use the source document to interpret these figures.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | Six Months Ended | | | | July 31, 2026 | | August 1, 2025 | | Change | | July 31, 2026 | | August 1, 2025 | | Change | | | | | | | | | | | | | Infrastructure Solutions Group (ISG): | | | | | | | | | | | | Net revenue: | | | | | | | | | | | | AI-Optimized Servers | $ | 16,401 | | | $ | 8,208 | | | 100% | | $ | 32,533 | | | $ | 10,090 | | | 222% | Traditional Servers and Networking | 10,531 | | | 4,736 | | | 122% | | 19,074 | | | 9,175 | | | 108% | Storage | 4,850 | | | 3,856 | | | 26% | | 9,184 | | | 7,852 | | | 17% | Total ISG net revenue | $ | 31,782 | | | $ | 16,800 | | | 89% | | $ | 60,791 | | | $ | 27,117 | | | 124%
(in millions, except percentages; unaudited; continued on next page)
Column boundaries are incomplete. Use the source document to interpret these figures.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | Six Months Ended | | | | July 31, 2026 | | August 1, 2025 | | Change | | July 31, 2026 | | August 1, 2025 | | Change | | | | | | | | | | | | | Infrastructure Solutions Group (ISG): | | | | | | | | | | | | Net revenue: | | | | | | | | | | | | AI-Optimized Servers | $ | 16,401 | | | $ | 8,208 | | | 100% | | $ | 32,533 | | | $ | 10,090 | | | 222% | Traditional Servers and Networking | 10,531 | | | 4,736 | | | 122% | | 19,074 | | | 9,175 | | | 108% | Storage | 4,850 | | | 3,856 | | | 26% | | 9,184 | | | 7,852 | | | 17% | Total ISG net revenue | $ | 31,782 | | | $ | 16,800 | | | 89% | | $ | 60,791 | | | $ | 27,117 | | | 124% | | | | | | | | | | | | | Operating income: | | | | | | | | | | | | ISG operating income | $ | 4,781 | | | $ | 1,470 | | | 225% | | $ | 7,836 | | | $ | 2,468 | | | 218% | % of ISG net revenue | 15.0 | % | | 8.8 | % | | | | 12.9 | % | | 9.1 | % | | | % of total reportable segment operating income | 81 | % | | 65 | % | | | | 77 | % | | 63 | % | | | | | | | | | | | | | |
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