Income StatementBalance SheetCash FlowSegments
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Dell Technologies Income Statement

Revenue, expenses, and profitability over time

Dell Technologies generated $134.00B in trailing twelve-month revenue, up 0.4% year-over-year. Net income was $8.4B with a 6.28% net margin. Gross margin stands at 19.07% and operating margin at 7.94%. Diluted EPS is $12.55, which grew 1.0% year-over-year. Based on the Q2 2026 filing.

Total Revenue (TTM)$134.00BGross Profit (TTM)$25.6BOperating Income (TTM)$10.6BNet Income (TTM)$8.4BEps Diluted (TTM)$12.55
Latest FilingQ2 2026
Report Date2026-05-28
Market Cap$273.41B
P/E Ratio32.51
ROE-379.81%

Operating Expenses

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Stock-Based Compensation Expense$251.0M$190.0M————
Share-Based Compensation Expense$251.0M$190.0M————
Depreciation and amortization$867.0M$738.0M————
Stock-based compensation expense$251.0M$190.0M————
Research and development$716.0M$808.0M$785.0M$752.0M$797.0M$983.0M
Selling, general and administrative$3.4B$3.0B$2.9B$2.7B$2.8B$3.1B
Share-Based Compensation$251.0M$190.0M————
Total operating expenses$4.1B$3.8B$3.7B$3.5B$3.6B$4.1B

Other Income & Expense

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Other Non-Cash Income (Expense)-$16.0M-$174.0M————
Cash Paid for Interest$326.0M$338.5M$338.5M$338.5M$338.5M—
Other non-cash income (expense)-$16.0M-$174.0M————
Change in Accounts Payable—$4.5B————
Other Non-Cash Income (Expense)-$16.0M-$174.0M————
Other income (expense), net-$596.0M-$82.0M-$333.0M-$178.0M-$293.0M$292.0M
Other Non-cash Income (Expense)-$16.0M-$174.0M————
Other Non-Cash Income (Expense)-$16.0M-$174.0M————

Other

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Capital Expenditures$740.0M$568.0M————
Change in Accounts Receivable$31.0M-$691.0M————
Change in Deferred Revenue-$974.0M-$230.0M————
Tax Withholding for Share-Based Payments$198.0M$352.0M————
Interest Paid, Net$326.0M$338.5M$338.5M$338.5M$338.5M—
Deferred and other income taxes-$193.0M-$256.0M————
Income taxes paid$138.8M$315.3M$315.3M$315.3M$315.3M—
Accounts payable—$4.5B————
Increase (Decrease) in Accounts Receivable$31.0M-$691.0M————
Increase (decrease) in contract liabilities and current deferred income-$974.0M-$230.0M————
Increase (Decrease) in Finance Receivables—-$23.0M————
Increase (Decrease) in Inventories$3.1B$734.0M————
Interest Paid, Excluding Capitalized Interest, Operating Activity$326.0M$338.5M$338.5M$338.5M$338.5M—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$6.4B$1.2B————
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$855.0M-$88.0M————
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation—$2.8B————
Other Noncash Income (Expense)-$16.0M-$174.0M————
Payment for (Proceeds from) Other Investing Activity-$120.0M-$13.0M————
Payments for Repurchase of Common Stock—$2.0B————
Payment, Tax Withholding, Share-Based Payment Arrangement$198.0M$352.0M————
Payments to Acquire Investments—$97.0M————
Payments to Acquire Property, Plant, and Equipment$740.0M$568.0M————
Proceeds from Issuance of Common Stock—$1.3M$1.3M$1.3M$1.3M—
Debt issued (Note 13)—$6.3B————
Financing — other—-$33.0M————
Proceeds from disposition of marketable securities and other investments$252.0M$31.0M————
Repayments of Long-Term Debt$3.2B$2.3B————
Stock-based compensation$251.0M$190.0M————

Earnings Per Share

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Basic earnings per share$2.19$1.39$1.72$2.31$3.37$5.30
Diluted earnings per share$2.15$1.37$1.70$2.28$3.33$5.24

Operating Income

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Gross profit$5.7B$4.9B$5.4B$5.6B$6.7B$7.8B
Operating income$2.2B$1.2B$1.8B$2.1B$3.1B$3.7B

Income Before Tax

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Income before income taxes$584.0M$1.1B$1.4B$1.9B$2.8B$3.9B

Tax

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Income tax expense$440.0M$118.0M$276.0M$393.0M$540.0M$510.0M
Deferred Income Tax Expense-$193.0M-$256.0M————
Deferred and Other Income Taxes-$193.0M-$256.0M————

Net Income

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Net income$1.5B$965.0M$1.2B$1.5B$2.3B$3.4B

Cost of Revenue

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Total cost of revenue$10.1B$18.4B$24.3B$21.4B$26.6B$36.1B

Revenue

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Total revenue$23.9B$23.4B$29.8B$27.0B$33.4B$43.8B