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Dell Technologies DELL Services — Total net revenue

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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$261.93B+197%
Enterprise value$282.25B+158%
P/E31.2×+12.9×
P/S+1.1×

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:Revenues.

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
Net revenue:
Products$38,105$17,599
Services5,7375,779
Total net revenue43,84223,378
Cost of net revenue:
Products32,85215,116
Services3,2083,325
Total cost of net revenue36,06018,441

ITEM 1 — FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Dell Technologies's services — total net revenue?
Dell Technologies (DELL) reported services — total net revenue of $5.74B in Q1 2026.
How has Dell Technologies's services — total net revenue changed year-over-year?
Dell Technologies's services — total net revenue decreased by 0.7% year-over-year, from $5.78B to $5.74B.
What is the long-term trend for Dell Technologies's services — total net revenue?
Over 4 years (2022 to 2026), Dell Technologies's services — total net revenue has grown at a 2.0% compound annual growth rate (CAGR), from $21.37B to $23.13B.
What does services — total net revenue mean?
This metric represents the total gross income generated from the provision of support, maintenance, deployment, and managed services associated with hardware and software products. It reflects the company's ability to monetize its installed base through long-term service contracts and professional service engagements. This revenue stream is critical for assessing the stability and recurring nature of the company's business model.

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