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Dell Technologies DELL Traditional servers and networking — Total net revenue

Other product segments

AI-optimized servers
$16.13B
Commercial
$13.02B+17.9%
Storage
$4.33B+8.5%
Consumer
$1.59B+8.6%

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HPEData Center Networking — Total consolidated net revenue
$320M+233%
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$8.82B+24.7%
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HPEServer Segment — Total consolidated net revenue
$5.45B+32.7%

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 traditional servers and networking — total net revenue?
Dell Technologies (DELL) reported traditional servers and networking — total net revenue of $8.54B in Q1 2026.
How has Dell Technologies's traditional servers and networking — total net revenue changed year-over-year?
Dell Technologies's traditional servers and networking — total net revenue increased by 92.5% year-over-year, from $4.44B to $8.54B.
What does traditional servers and networking — total net revenue mean?
This metric represents the total net revenue generated from the sale of traditional enterprise server hardware and networking equipment. It reflects the company's ability to monetize core infrastructure products that support on-premises data center operations and enterprise connectivity. This revenue stream is a key indicator of the company's market position in the foundational hardware segment.