What is Dell Technologies's R&D?

Dell Technologies (DELL) reported R&D of $983M in Q1 2026.

How has Dell Technologies's R&D changed year-over-year?

Dell Technologies's R&D increased by 21.7% year-over-year, from $808M to $983M.

What is the long-term trend for Dell Technologies's R&D?

Over 4 years (2022 to 2026), Dell Technologies's R&D has grown at a 5.1% compound annual growth rate (CAGR), from $2.58B to $3.14B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Dell Technologies DELL R&D

R&D at other companies

HPHPQ

$432M+7.7%

International Business MachinesIBM

$2.17B+11.4%

NetAppNTAP

$261M+2.0%

Logitech InternationalLOGI

$87.07M+9.5%

Commvault SystemsCVLT

$40.06M+1.9%

Super Micro Computer, Inc.SMCI

$215.66M+32.4%

Segments

By segment

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Infrastructure Solutions Group$685M+19.3%

Client Solutions Group$192M+41.2%

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:ResearchAndDevelopmentExpense.

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 R&D?: Dell Technologies (DELL) reported R&D of $983M in Q1 2026.
How has Dell Technologies's R&D changed year-over-year?: Dell Technologies's R&D increased by 21.7% year-over-year, from $808M to $983M.
What is the long-term trend for Dell Technologies's R&D?: Over 4 years (2022 to 2026), Dell Technologies's R&D has grown at a 5.1% compound annual growth rate (CAGR), from $2.58B to $3.14B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.