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Dell Technologies DELL Business Segments

FY'26FY'25FY'24FY'23
Total net revenue by Business
Client Solutions Group$50.98B+5.4%$48.39B-1.1%$48.92B-16.0%$58.21B-5.3%
Infrastructure Solutions Group$60.83B+39.5%$43.59B+28.6%$33.89B-11.7%$38.36B+11.6%
Operating Income (Loss) by Business
Client Solutions Group$2.83B-4.7%$2.97B-19.9%$3.71B-2.9%$3.82B-12.4%
Infrastructure Solutions Group$7.11B+27.5%$5.58B+30.2%$4.29B-15.0%$5.05B+35.0%
Cost of Revenue by Business
Client Solutions Group$43.69B+6.1%$41.2B+1.3%$40.66B-17.5%$49.26B
Infrastructure Solutions Group$45.02B+53.4%$29.35B+40.2%$20.94B-13.9%$24.33B
R&D by Business
Client Solutions Group$562M+18.1%$476M+2.1%$466M-4.1%$486M
Infrastructure Solutions Group$2.24B+8.1%$2.07B+8.7%$1.9B+2.4%$1.86B
Selling, general, and administrative by Business
Client Solutions Group$3.9B+3.9%$3.75B-8.1%$4.08B-12.1%$4.64B
Infrastructure Solutions Group$6.46B-2.1%$6.59B-2.4%$6.75B-5.2%$7.13B
Impact of foreign currency translation by Business
Client Solutions Group$0$0$0
Infrastructure Solutions Group$366M
Goodwill by Business
Client Solutions Group$16.93B0.0%$16.93B0.0%$16.93B0.0%$16.93B-0.1%
Infrastructure Solutions Group$60.63B+1.3%$59.88B-0.2%$59.98B+0.8%$59.51B-2.4%
Total net revenue by Product
Commercial$44.06B+7.9%$40.84B+2.6%$39.81B-12.6%$45.56B0.0%
Consumer$6.92B-8.3%$7.55B-17.1%$9.1B-28.1%$12.66B-20.3%
Storage$16.63B+1.1%$16.46B+1.2%$16.26B-9.4%$17.96B+9.1%
Cost of Revenue by Product
Products$78.06B+29.7%$60.16B+12.8%$53.32B-19.3%$66.03B-1.8%
Services$12.77B-9.8%$14.16B-0.6%$14.24B+4.8%$13.59B+12.4%
Total net revenue by Geography
Foreign countries$50.4B+13.1%$44.55B+0.3%$44.44B-16.3%$53.1B-2.5%
United States$63.14B+23.8%$51.01B+16.0%$43.99B-10.6%$49.2B+5.2%
Total debt capacity by Geography
Australia and New Zealand$1.12B-3.4%$1.16B-1.6%$1.18B-4.8%$1.24B-7.1%
Europe$1.96B-8.2%$2.14B-10.6%$2.39B-4.1%$2.5B-11.2%
Non-US$3.7B+8.1%$3.42B-1.6%$3.48B+4.5%$3.33B-11.2%
Middle East$600M0.0%$600M0.0%$600M

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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.