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Dell Technologies DELL Q4 2026 Annual earnings

Reported February 26, 2026 · After market close

Revenue$33.4BBeat by $1.7B
EPS$3.89Beat by $0.36
Revenue estimate$31.7B
EPS estimate$3.53

Next report

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

Financials

Q4 2026

Income statement

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Revenue$33.4B+39.5%
Gross profit$6.7B+18.5%
Operating income$3.1B+43.2%
Net income$2.3B+47.4%
EPS (diluted)$3.34+55.3%

Balance sheet

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Cash & equivalents$11.5B+217%
Total debt$32.2B+27.3%
Total equity-$2.5B-66.7%
Total assets$101.29B+27.0%

Cash flow

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Operating cash flow$4.7B+699%
CapEx$721.0M-1.9%
Free cash flow$4.0B

Valuation & ratios

Valuation

as of 01/30/26
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Market cap$75.84B+4.9%
Enterprise value$96.54B+2.7%
P/E12.8×-3.0×
P/S0.7×-0.1×

Profitability

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Gross margin20%-2.2pp
Operating margin7.2%+0.7pp
Net margin5.2%+0.4pp
FCF margin7.5%+5.4pp

Returns & leverage

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Current ratio0.9×+0.1×

Segments

By product

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Commercial$11.6B+16.2%
Storage$4.8B+1.7%
Consumer$1.9B-0.3%

By segment

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Infrastructure Solutions Group$19.6B+72.7%
Client Solutions Group$13.5B+13.6%

FAQ

When did Dell Technologies report Q4 2026 earnings?
Dell Technologies (DELL) reported Q4 2026 earnings on February 26, 2026 after market close.
What were Dell Technologies's Q4 2026 revenue and EPS?
Dell Technologies reported revenue of $33.4B and eps of $3.89 for Q4 2026.
Did Dell Technologies beat estimates in Q4 2026?
Revenue beat the consensus estimate of $31.7B by $1.7B. EPS beat the consensus estimate of $3.53 by $0.36.
How did Dell Technologies's Q4 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 39.5% from $23.9B a year earlier and eps grew 45.1% from $2.68.
Where can I find Dell Technologies's Q4 2026 SEC filings?
You can read the 8-K earnings release (0001571996-26-000003) and the 10-K periodic report (0001571996-26-000008) directly on SEC EDGAR. The filing index links above go to sec.gov.