Free cash flow
Dell Technologies Free cash flow increased by 685.9% to $3.95B in Q4 2025 compared to the prior quarter. Over 4 years (FY 2022 to FY 2026), Free cash flow shows an upward trend with a 3.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.09B | $2.45B | $2.35B | -$959.00M | -$83.00M | -$351.00M | $1.96B | $1.08B | $2.59B | $1.45B | $806.00M | $447.00M | $658.00M | $914.00M | $0.00 | $2.23B | $1.87B | $503.00M | $3.95B |
| QoQ Change | — | +124.3% | -4.0% | -140.8% | +91.3% | -322.9% | +657.0% | -45.0% | +140.7% | -44.1% | -44.3% | -44.5% | +47.2% | +38.9% | -100.0% | — | -16.2% | -73.1% | +685.9% |
| YoY Change | — | — | — | — | -107.6% | -114.3% | -16.9% | +212.2% | >999% | +512.5% | -58.8% | -58.5% | -74.6% | -36.9% | -100.0% | +398.4% | +183.9% | -45.0% | — |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Dell Technologies's free cash flow?
- Dell Technologies (DELL) reported free cash flow of $3.95B in Q4 2025.
- What is the long-term trend for Dell Technologies's free cash flow?
- Over 4 years (2022 to 2026), Dell Technologies's free cash flow has grown at a 3.3% compound annual growth rate (CAGR), from $7.51B to $8.55B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.