Cost of Revenue

Cost Of Revenue

Dell Technologies Cost Of Revenue increased by 35.3% to $36.06B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 95.5%, from $18.44B to $36.06B. Over 4 years (FY 2022 to FY 2026), Cost Of Revenue shows an upward trend with a 4.6% CAGR.

Analysis

StatementIncome Statement
SectionCost of Revenue
First reportedQ3 2015
Last reportedQ1 2027May 28, 2026
Metric ID: is_leaf_cost_of_revenue

Historical Data

21 periods
 Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Value$17.33B$18.72B$20.89B$18.97B$20.33B$20.99B$19.01B$29.06B$15.84B$17.52B$17.05B$16.95B$17.39B$19.67B$19.01B$10.14B$18.44B$24.33B$21.41B$26.65B$36.06B
QoQ Change+8.0%+11.6%-9.2%+7.2%+3.2%-9.4%+52.8%-45.5%+10.6%-2.7%-0.6%+2.6%+13.1%-3.4%-46.7%+82.0%+31.9%-12.0%+24.5%+35.3%
YoY Change+17.3%+12.1%-9.0%+53.2%-22.1%-16.5%-10.3%-41.7%+9.8%+12.3%+11.5%-40.2%+6.0%+23.7%+12.7%+162.9%+95.5%
% of Total Cost of Revenue100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%
Share Change+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp+0.0pp
Range$10.14B$36.06B
CAGR+15.8%
Avg YoY Growth+16.3%
Median YoY Growth+11.5%
Current Streak2 quarters growth

Product Breakdown

View all
SegmentQ4 '23Q1 '25Q2 '25Q3 '25Q4 '25
Products$15.75B$13.77B$16.08B$15.54B$14.78B
Services$3.54B$3.67B$3.64B$3.52B$3.33B
Total$29.06B$17.39B$19.67B$19.01B$10.14B

Frequently Asked Questions

What is Dell Technologies's cost of revenue?
Dell Technologies (DELL) reported cost of revenue of $36.06B in Q1 2026.
How has Dell Technologies's cost of revenue changed year-over-year?
Dell Technologies's cost of revenue increased by 95.5% year-over-year, from $18.44B to $36.06B.
What is the long-term trend for Dell Technologies's cost of revenue?
Over 4 years (2022 to 2026), Dell Technologies's cost of revenue has grown at a 4.6% compound annual growth rate (CAGR), from $75.91B to $90.83B.