Product — Cost of Revenue
Dell Technologies Product — Cost of Revenue increased by 29.2% to $23.62B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 59.8%, from $14.78B to $23.62B. Over 4 years (FY 2022 to FY 2026), Product — Cost of Revenue shows an upward trend with a 2.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A decrease relative to revenue suggests improved manufacturing efficiency or lower component costs, while an increase may signal rising supply chain expenses or margin compression.
Detailed definition
This metric captures the direct costs incurred to manufacture and deliver the hardware products sold by the segment. It...
Peer comparison
Standard cost of goods sold (COGS) metric found in all manufacturing and hardware-focused enterprises.
dell_segment_products_cost_of_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $14.21B | $15.37B | $17.55B | $20.09B | $17.01B | $17.67B | $15.60B | $15.75B | $12.38B | $14.00B | $13.55B | $13.39B | $13.77B | $16.08B | $15.54B | $14.78B | $15.12B | $21.04B | $18.28B | $23.62B |
| QoQ Change | — | +8.1% | +14.2% | +14.4% | -15.3% | +3.9% | -11.7% | +0.9% | -21.4% | +13.1% | -3.3% | -1.1% | +2.8% | +16.8% | -3.3% | -4.9% | +2.3% | +39.2% | -13.1% | +29.2% |
| YoY Change | — | — | — | — | +19.7% | +15.0% | -11.1% | -21.6% | -27.2% | -20.8% | -13.2% | -15.0% | +11.2% | +14.8% | +14.7% | +10.3% | +9.8% | +30.9% | +17.6% | +59.8% |
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Frequently Asked Questions
- What is Dell Technologies's product — cost of revenue?
- Dell Technologies (DELL) reported product — cost of revenue of $23.62B in Q1 2026.
- How has Dell Technologies's product — cost of revenue changed year-over-year?
- Dell Technologies's product — cost of revenue increased by 59.8% year-over-year, from $14.78B to $23.62B.
- What is the long-term trend for Dell Technologies's product — cost of revenue?
- Over 4 years (2022 to 2026), Dell Technologies's product — cost of revenue has grown at a 2.6% compound annual growth rate (CAGR), from $62.56B to $69.22B.
- What does product — cost of revenue mean?
- The total direct expenses required to produce and deliver the hardware products sold.