Dell Technologies Quarterly Cash Flow Statement
NYSE: DELLTechnologyComputer ManufacturingUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Dell Technologies free cash flow
In the quarter ended Jul 31, 2026, Dell Technologies generated $2.23 billion of operating cash flow and spent $1.24 billion on capital expenditures. That left free cash flow of $986.0 million, a free-cash-flow margin of 2.1% of revenue. Free cash flow was down 47.2% from the prior year's $1.87 billion.
Dell Technologies returned $4.20 billion to shareholders: $405.0 million in dividends and $3.80 billion in share repurchases, equal to 426% of free cash flow. Free cash flow covered dividend payments 2.4 times.
Summary generated from market data by MetaCap's automated system. Methodology
Dell Technologies cash flow statement (quarterly)
| Quarter (USD) | Q2 20272026-07-31 | Q1 20272026-05-01 | Q4 20262026-01-30 | Q3 20262025-10-31 | Q2 20262025-08-01 | Q1 20262025-05-02 | Q4 20252025-01-31 | Q3 20252024-11-01 | Q2 20252024-08-02 | Q1 20252024-05-03 | Q4 20242024-02-02 | Q3 20242023-11-03 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 4.13B | 3.44B | 2.26B | 1.55B | 1.16B | 965.00M | 1.53B | 1.17B | 882.00M | 992.00M | 1.21B | 1.05B |
| Net Income growth (YoY) | +255.07% | +256.27% | +47.45% | +32.31% | +31.97% | -2.72% | +26.82% | +11.43% | +82.99% | +56.96% | +99.34% | +335.68% |
| Depreciation & Amortization | 754.00M | 758.00M | 773.00M | 756.00M | 762.00M | 738.00M | 774.00M | 765.00M | 784.00M | 800.00M | 841.00M | 822.00M |
| Stock-Based Compensation | 184.00M | 189.00M | 189.00M | 165.00M | 179.00M | 190.00M | 186.00M | 198.00M | 191.00M | 210.00M | 203.00M | 227.00M |
| Change in Working Capital | 3.65B | -721.00M | 1.89B | -1.31B | -3.20B | 4.24B | -1.63B | -2.79B | -1.09B | -98.00M | -1.37B | -702.00M |
| Operating Cash Flow | 2.23B | 4.08B | 4.67B | 1.17B | 2.54B | 2.80B | 585.00M | 1.55B | 1.34B | 1.04B | 1.53B | 2.15B |
| Capital Expenditures | -1.24B | -963.00M | -721.00M | -669.00M | -675.00M | -568.00M | -735.00M | -639.00M | -682.00M | -596.00M | -727.00M | -704.00M |
| Investing Cash Flow | -1.34B | -1.07B | -695.00M | -617.00M | -655.00M | -88.00M | -678.00M | -524.00M | -557.00M | -456.00M | -669.00M | -825.00M |
| Dividends Paid | -405.00M | -464.00M | -346.00M | -351.00M | -366.00M | -396.00M | -311.00M | -312.00M | -316.00M | -336.00M | -261.00M | -266.00M |
| Share Repurchases | -3.80B | -1.63B | -1.85B | -1.25B | -940.00M | -1.98B | -734.00M | -429.00M | -725.00M | -700.00M | -878.00M | -702.00M |
| Debt Issued | 4.39B | 2.46B | 1.23B | 6.50B | 962.00M | 6.31B | 645.00M | 3.68B | 1.94B | 2.99B | 871.00M | 2.25B |
| Debt Repaid | -1.02B | -2.79B | -1.12B | -3.98B | -1.11B | -2.31B | -976.00M | -3.20B | -2.92B | -3.48B | -1.48B | -2.68B |
| Financing Cash Flow | -882.00M | -2.95B | -2.09B | 857.00M | -1.47B | 1.24B | -1.39B | -315.00M | -2.03B | -2.08B | -1.82B | -1.45B |
| Net Change in Cash | — | — | — | — | — | — | — | — | -1.29B | -1.54B | -941.00M | -202.00M |
| Free Cash Flow | 986.00M | 3.12B | 3.95B | 503.00M | 1.87B | 2.23B | -150.00M | 914.00M | 658.00M | 447.00M | 806.00M | 1.45B |
This table shows 12 quarterly periods of Dell Technologies's cash flow statement, from Q2 2027 back to Q3 2024, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow DELL's reporting calendar. What is a cash flow statement?