Dell Technologies DELL Business Segments
| Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | ||
|---|---|---|---|---|---|---|
| Total net revenue by Business | ||||||
| Client Solutions Group | $14.61B+8.3% | $13.49B+8.1% | $12.48B-0.2% | $12.5B0.0% | $12.51B+5.3% | |
| Infrastructure Solutions Group | $29.01B+48.0% | $19.6B+39.0% | $14.11B-16.0% | $16.8B+62.8% | $10.32B-9.1% | |
| Operating Income (Loss) by Business | ||||||
| Client Solutions Group | $1.17B+86.0% | $629M-15.9% | $748M-6.8% | $803M+23.0% | $653M+3.5% | |
| Infrastructure Solutions Group | $3.06B+5.3% | $2.9B+66.4% | $1.74B+18.6% | $1.47B+47.3% | $998M-51.3% | |
| Cost of Revenue by Business | ||||||
| Client Solutions Group | $12.2B+4.0% | $11.73B+10.3% | $10.64B+0.5% | $10.58B-1.5% | $10.74B+4.9% | |
| Infrastructure Solutions Group | $23.48B+61.5% | $14.53B+41.5% | $10.27B-22.0% | $13.16B+86.7% | $7.05B-2.9% | |
| R&D by Business | ||||||
| Client Solutions Group | $192M+30.6% | $147M+10.5% | $133M-8.9% | $146M+7.4% | $136M+16.2% | |
| Infrastructure Solutions Group | $685M+22.3% | $560M+3.7% | $540M-3.9% | $562M-2.1% | $574M+13.7% | |
| Selling, general, and administrative by Business | ||||||
| Client Solutions Group | $1.04B+5.8% | $986M+2.9% | $958M-1.4% | $972M-1.0% | $982M+9.0% | |
| Infrastructure Solutions Group | $1.79B+11.6% | $1.61B+3.7% | $1.55B-3.4% | $1.6B-5.4% | $1.7B+10.1% | |
| Impact of foreign currency translation by Business | ||||||
| Client Solutions Group | $0— | $0— | $0— | $0— | $0— | |
| Infrastructure Solutions Group | -$43M-134% | $128M+482% | $22M+4.8% | $21M-89.2% | $195M+259% | |
| Goodwill by Business | ||||||
| Client Solutions Group | $4.23B0.0% | $4.23B0.0% | $4.23B0.0% | $4.23B0.0% | $4.23B0.0% | |
| Infrastructure Solutions Group | $15.27B-0.3% | $15.32B+1.2% | $15.13B+0.1% | $15.1B+0.1% | $15.08B+1.3% | |
| Total net revenue by Product | ||||||
| AI-optimized servers | $16.13B— | —— | —— | —— | $1.88B-18.9% | |
| Commercial | $13.02B+12.1% | $11.61B+9.3% | $10.62B-1.5% | $10.78B-2.4% | $11.05B+10.5% | |
| Consumer | $1.59B-15.5% | $1.88B+1.2% | $1.86B+7.8% | $1.72B+17.7% | $1.46B-22.4% | |
| Storage | $4.33B-9.7% | $4.8B+20.5% | $3.98B+3.3% | $3.86B-3.5% | $4B-15.3% | |
| Traditional servers and networking | $8.54B— | —— | —— | —— | $4.44B-0.5% | |
| Cost of Revenue by Product | ||||||
| Products | $32.85B+39.1% | $23.62B+29.2% | $18.28B-13.1% | $21.04B+39.2% | $15.12B+2.3% | |
| Services | $3.21B+5.8% | $3.03B-3.3% | $3.13B-4.6% | $3.29B-1.2% | $3.33B-0.1% | |
| Total debt capacity by Geography | ||||||
| Australia and New Zealand | $306M+2.0% | $300M+7.5% | $279M+2.2% | $273M+0.7% | $271M-2.9% | |
| Europe | $469M-2.1% | $479M+3.5% | $463M+1.3% | $457M-19.1% | $565M+8.7% | |
| Non-US | $938M-2.1% | $958M+3.6% | $925M+1.3% | $913M+1.1% | $903M+8.7% | |
| Middle East | $150M0.0% | $150M0.0% | $150M0.0% | $150M0.0% | $150M0.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Dell Technologies break its business down?
- Dell Technologies (DELL) reports total net revenue by business across 2 parts — Client Solutions Group and Infrastructure Solutions Group. Each is extracted from the segment footnotes and tracked over time.
- Where does Dell Technologies's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Dell Technologies's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
