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Dell Technologies DELL Q1 2026 earnings

Reported May 29, 2025 · After market close

Revenue$23.4BBeat by $198.2M
EPS$1.55Miss by $0.15
Revenue estimate$23.2B
EPS estimate$1.70

Next report

Nov 24, 2026 (in 3 months)
Revenue estimate$42.3B
EPS estimate$4.57

Financials

Q1 2026

Income statement

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Revenue$23.4B+5.1%
Gross profit$4.9B+1.8%
Operating income$1.2B+20.7%
Net income$965.0M-3.2%
EPS (diluted)$1.370.0%

Balance sheet

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Cash & equivalents$7.7B+32.1%
Total debt$29.6B+12.7%
Total equity-$3.0B-7.2%
Total assets$86.9B+8.3%

Cash flow

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Operating cash flow$2.8B+168%
CapEx$568.0M-4.7%
Free cash flow$2.2B+398%

Valuation & ratios

Valuation

as of 05/02/25
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Market cap$65.88B-25.3%
Enterprise value$87.75B-19.2%
P/E14.4×-9.1×
P/S0.7×-0.3×

Profitability

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Gross margin22.1%-1.2pp
Operating margin6.7%+0.8pp
Net margin4.7%+0.5pp
FCF margin3.9%-2.0pp

Returns & leverage

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Current ratio0.9×+0.1×

Segments

By product

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Commercial$11.0B+8.8%
Storage$4.0B+6.2%
Consumer$1.5B-19.3%

By segment

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Client Solutions Group$12.5B+4.5%
Infrastructure Solutions Group$10.3B+11.8%

FAQ

When did Dell Technologies report Q1 2026 earnings?
Dell Technologies (DELL) reported Q1 2026 earnings on May 29, 2025 after market close.
What were Dell Technologies's Q1 2026 revenue and EPS?
Dell Technologies reported revenue of $23.4B and eps of $1.55 for Q1 2026.
Did Dell Technologies beat estimates in Q1 2026?
Revenue beat the consensus estimate of $23.2B by $198.2M. EPS missed the consensus estimate of $1.70 by $0.15.
How did Dell Technologies's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.1% from $22.2B a year earlier and eps grew 22.0% from $1.27.
Where can I find Dell Technologies's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001571996-25-000046) and the 10-Q periodic report (0001571996-25-000063) directly on SEC EDGAR. The filing index links above go to sec.gov.