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Dell Technologies DELL Client Solutions Group — R&D

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$685M+19.3%

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Other financials

Income statement

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Revenue$43.8B+87.5%
Gross profit$7.8B+57.6%
Operating income$3.7B+214%
Net income$3.4B+256%
EPS (diluted)$5.24+282%

Balance sheet

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Cash & equivalents$11.6B+50.4%
Total debt$31.9B+7.9%
Total equity-$1.4B+53.6%
Total assets$114.91B+32.3%

Cash flow

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Operating cash flow$4.1B+46.0%
CapEx$963.0M+69.5%
Free cash flow$3.1B+39.9%

Valuation

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Market cap$298.97B+245%
Enterprise value$319.3B+196%
P/E35.6×+17.6×
P/S2.2×+1.4×

Profitability

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Gross margin19.1%-3.0pp
Operating margin7.9%+1.3pp
Net margin6.3%+1.6pp
FCF margin7%+3.1pp

Returns & leverage

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Return on equity138%
Debt / equity5.6×
Current ratio0.9×+0.1×

Where this comes from

Reported directly by Dell Technologies in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Dell Technologies’s 10-Q, filed June 9, 2026.

Filed
Jun 9, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001571996-26-000030
Line itemThree Months Ended / May 1, 2026May 2, 2025
Infrastructure Solutions Group:
Cost of net revenue$23,475$7,050
Selling, general, and administrative$1,794$1,695
Research and development$685$574
Client Solutions Group:
Cost of net revenue$12,204$10,738
Selling, general, and administrative$1,043$982
Research and development$192$136

ITEM 1 — FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Dell Technologies's client solutions group — R&D?
Dell Technologies (DELL) reported client solutions group — R&D of $192M in Q1 2026.
How has Dell Technologies's client solutions group — R&D changed year-over-year?
Dell Technologies's client solutions group — R&D increased by 41.2% year-over-year, from $136M to $192M.
What is the long-term trend for Dell Technologies's client solutions group — R&D?
Over 3 years (2023 to 2026), Dell Technologies's client solutions group — R&D has grown at a 5.0% compound annual growth rate (CAGR), from $486M to $562M.
What does client solutions group — R&D mean?
Captures the expenditures dedicated to the design, development, and engineering of new products and technologies within the Client Solutions segment. This investment is critical for maintaining competitiveness in the PC and peripheral hardware market through innovation. It represents the company's commitment to long-term product differentiation and future revenue growth.

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