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+16.8% | $13.49B+13.6% | $12.48B+2.9% | $12.5B+0.7% | $12.51B+4.5% | |
| Infrastructure Solutions Group | $29.01B+181% | $19.6B+72.7% | $14.11B+24.1% | $16.8B+44.3% | $10.32B+11.8% | |
| Operating Income (Loss) by Business | ||||||
| Client Solutions Group | $1.17B+79.2% | $629M-0.3% | $748M+0.1% | $803M-1.7% | $653M-16.0% | |
| Infrastructure Solutions Group | $3.06B+206% | $2.9B+41.4% | $1.74B+15.6% | $1.47B+14.5% | $998M+35.6% | |
| Cost of Revenue by Business | ||||||
| Client Solutions Group | $12.2B+13.7% | $11.73B+14.7% | $10.64B+2.9% | $10.58B+0.7% | $10.74B+6.2% | |
| Infrastructure Solutions Group | $23.48B+233% | $14.53B+100% | $10.27B+32.4% | $13.16B+61.9% | $7.05B+13.6% | |
| R&D by Business | ||||||
| Client Solutions Group | $192M+41.2% | $147M+25.6% | $133M+11.8% | $146M+15.9% | $136M+19.3% | |
| Infrastructure Solutions Group | $685M+19.3% | $560M+10.9% | $540M+7.8% | $562M+5.0% | $574M+8.7% | |
| Selling, general, and administrative by Business | ||||||
| Client Solutions Group | $1.04B+6.2% | $986M+9.4% | $958M+3.2% | $972M+1.3% | $982M+2.2% | |
| Infrastructure Solutions Group | $1.79B+5.8% | $1.61B+4.5% | $1.55B-2.9% | $1.6B-5.5% | $1.7B-3.6% | |
| Impact of foreign currency translation by Business | ||||||
| Client Solutions Group | $0— | $0— | $0— | $0— | $0— | |
| Infrastructure Solutions Group | -$43M-122% | $128M+204% | $22M— | $21M— | $195M+425% | |
| 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+1.3% | $15.32B+2.9% | $15.13B+0.8% | $15.1B+0.7% | $15.08B+0.7% | |
| Total net revenue by Product | ||||||
| AI-optimized servers | $16.13B+757% | —— | —— | —— | $1.88B-18.9% | |
| Commercial | $13.02B+17.9% | $11.61B+16.2% | $10.62B+4.8% | $10.78B+2.1% | $11.05B+8.8% | |
| Consumer | $1.59B+8.6% | $1.88B-0.3% | $1.86B-6.8% | $1.72B-7.3% | $1.46B-19.3% | |
| Storage | $4.33B+8.5% | $4.8B+1.7% | $3.98B-0.5% | $3.86B-3.0% | $4B+6.2% | |
| Traditional servers and networking | $8.54B+92.5% | —— | —— | —— | $4.44B-0.5% | |
| Cost of Revenue by Product | ||||||
| Products | $32.85B+117% | $23.62B+59.8% | $18.28B+17.6% | $21.04B+30.9% | $15.12B+9.8% | |
| Services | $3.21B-3.5% | $3.03B-9.0% | $3.13B-10.9% | $3.29B-9.7% | $3.33B-9.4% | |
| Total debt capacity by Geography | ||||||
| Australia and New Zealand | $306M+12.9% | $300M+7.5% | $279M-5.7% | $273M-6.8% | $271M-8.1% | |
| Europe | $469M-17.0% | $479M-7.9% | $463M-14.9% | $457M-15.4% | $565M+5.4% | |
| Non-US | $938M+3.9% | $958M+15.3% | $925M+6.2% | $913M+5.8% | $903M+5.2% | |
| 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.
