Dell Technologies (DELL) financials
Dell Technologies revenue and earnings by year
Dell Technologies's revenue was $114 billion in the fiscal year to January 30, 2026, up 18.8% from the year before. Net income was $5.94 billion, 5.2% of revenue. Since the fiscal year to February 3, 2017, revenue has grown 6.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Jan 2026 | Jan 2025 | Feb 2024 | Feb 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Feb 2019 | Feb 2018 | Feb 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 113.5 | 95.6 | 88.4 | 102.3 | 101.2 | 86.7 | 84.8 | 90.6 | 79.0 | 62.2 |
| Revenue growth | 18.8% | 8.1% | -13.6% | 1.1% | 16.8% | 2.2% | -6.4% | 14.7% | 27.1% | — |
| Gross profit | 22.7 | 21.3 | 21.1 | 22.7 | 21.9 | 20.1 | 20.6 | 25.1 | 20.5 | 13.6 |
| Gross margin | 20.0% | 22.2% | 23.8% | 22.2% | 21.6% | 23.2% | 24.3% | 27.6% | 26.0% | 22.0% |
| Operating income | 8.1 | 6.2 | 5.4 | 5.8 | 4.7 | 3.7 | 2.4 | -0.2 | -2.4 | -2.4 |
| Operating margin | 7.2% | 6.5% | 6.1% | 5.6% | 4.6% | 4.3% | 2.8% | -0.2% | -3.1% | -3.8% |
| Net income | 5.9 | 4.6 | 3.4 | 2.4 | 5.6 | 3.3 | 4.6 | -2.3 | -2.8 | -1.2 |
| Net margin | 5.2% | 4.8% | 3.8% | 2.4% | 5.5% | 3.7% | 5.4% | -2.5% | -3.6% | -1.9% |
| Diluted EPS | $8.68 | $6.39 | $4.60 | $3.24 | $7.21 | $2.14 | $3.06 | — | — | — |
| Free cash flow | 8.6 | 1.9 | 5.9 | 0.6 | 7.5 | 9.3 | 6.7 | 5.5 | 5.3 | 1.5 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open DELL in Markets.
How Dell Technologies makes money
Revenue by segment in the quarter to July 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $41.1B | 87.5% |
| Services | $5.86B | 12.5% |
See also: DELL valuation and P/E history · DELL returns
No forecast, no recommendation. This page describes Dell Technologies from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.