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Dell Technologies DELL Storage — Total net revenue

Other product segments

AI-optimized servers
$16.13B—
Commercial
$13.02B+17.9%
Traditional servers and networking
$8.54B—
Consumer
$1.59B+8.6%

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IEEnergy Storage — Revenue
$0—

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$290.91B+243%
Enterprise value$311.23B+192%
P/E34.6×+16.0×
P/S2.2×+1.3×

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 official record: Dell Technologies’s 10-Q, filed June 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dell Technologies's storage — total net revenue?
Dell Technologies (DELL) reported storage — total net revenue of $4.33B in Q1 2026.
How has Dell Technologies's storage — total net revenue changed year-over-year?
Dell Technologies's storage — total net revenue increased by 8.5% year-over-year, from $4B to $4.33B.
What is the long-term trend for Dell Technologies's storage — total net revenue?
Over 4 years (2022 to 2026), Dell Technologies's storage — total net revenue has grown at a 0.3% compound annual growth rate (CAGR), from $16.47B to $16.63B.
What does storage — total net revenue mean?
This metric represents the total gross revenue generated from the sale of enterprise storage hardware, software, and associated services within the storage business segment. It captures the aggregate financial performance of data storage solutions, including arrays, software-defined storage, and data protection offerings. This figure is a critical indicator of the company's competitive position in the enterprise data infrastructure market.