Dell Technologies Quarterly Income Statement
NYSE: DELLTechnologyComputer ManufacturingUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Dell Technologies revenue and earnings
In the quarter ended Jul 31, 2026, Dell Technologies generated $46.97 billion in revenue, up 57.7% from the same quarter a year earlier. Net income was $4.13 billion (+255.1% year over year), for a net margin of 8.8% versus a median of 5.7% in the prior 5 quarters. Gross margin was 20.9% (up from 18.3%) and operating margin 11.5%.
Diluted earnings per share came in at $6.34, up from $1.70.
Summary generated from market data by MetaCap's automated system. Methodology
Dell Technologies income 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 46.97B | 43.84B | 33.38B | 27.00B | 29.78B | 23.38B | 23.93B | 24.37B | 25.03B | 22.24B | 22.32B | 22.25B |
| Revenue growth (YoY) | +57.75% | +87.54% | +39.48% | +10.83% | +18.98% | +5.10% | +7.23% | +9.51% | +9.12% | +6.32% | -10.87% | -9.99% |
| Cost of Revenue | 37.14B | 36.06B | 26.65B | 21.41B | 24.33B | 18.44B | 18.25B | 19.01B | 19.66B | 17.39B | 16.95B | 17.05B |
| Gross Profit | 9.83B | 7.78B | 6.73B | 5.59B | 5.45B | 4.94B | 5.68B | 5.36B | 5.36B | 4.85B | 5.37B | 5.20B |
| Operating Expenses | 4.45B | 4.13B | 3.64B | 3.47B | 3.67B | 3.77B | 3.52B | 3.64B | 3.97B | 3.89B | 3.83B | 3.66B |
| Research & Development | 1.11B | 983.00M | 797.00M | 752.00M | 785.00M | 808.00M | 773.00M | 745.00M | 780.00M | 763.00M | 716.00M | 692.00M |
| Selling, General & Admin | 3.34B | 3.14B | 2.84B | 2.72B | 2.89B | 2.96B | 2.75B | 2.89B | 3.19B | 3.12B | 3.11B | 2.97B |
| Operating Income | 5.38B | 3.66B | 3.09B | 2.12B | 1.77B | 1.17B | 2.16B | 1.72B | 1.39B | 965.00M | 1.55B | 1.54B |
| Interest Expense | 400.00M | 391.00M | 411.00M | 396.00M | 399.00M | 354.00M | 343.00M | 321.00M | 387.00M | 343.00M | 373.00M | 371.00M |
| Other Income (Expense) | -254.00M | 292.00M | -293.00M | -178.00M | -333.00M | -82.00M | -187.00M | -276.00M | -353.00M | -373.00M | -203.00M | -306.00M |
| Pretax Income | 5.13B | 3.95B | 2.80B | 1.94B | 1.44B | 1.08B | 1.97B | 1.45B | 1.04B | 592.00M | 1.34B | 1.23B |
| Income Tax | 998.00M | 510.00M | 540.00M | 393.00M | 276.00M | 118.00M | 440.00M | 275.00M | 157.00M | -400.00M | 136.00M | 183.00M |
| Net Income | 4.13B | 3.44B | 2.26B | 1.55B | 1.16B | 965.00M | 1.53B | 1.18B | 887.00M | 997.00M | 1.21B | 1.05B |
| Net Income growth (YoY) | +255.07% | +256.27% | +47.36% | +31.74% | +31.23% | -3.21% | +26.69% | +11.69% | +81.39% | +56.51% | +97.07% | +329.39% |
| EPS (Basic) | 6.41 | 5.30 | 3.37 | 2.31 | 1.72 | 1.39 | 2.19 | 1.67 | 1.25 | 1.41 | 1.70 | 1.46 |
| EPS (Diluted) | 6.34 | 5.24 | 3.33 | 2.28 | 1.70 | 1.37 | 2.15 | 1.64 | 1.23 | 1.37 | 1.66 | 1.42 |
| Shares Outstanding (Basic) | 645.00M | 649.00M | — | 671.00M | 678.00M | 692.00M | — | 703.00M | 708.00M | 708.00M | — | 722.00M |
| Shares Outstanding (Diluted) | 652.00M | 656.00M | — | 680.00M | 686.00M | 702.00M | — | 717.00M | 724.00M | 727.00M | — | 740.00M |
| EBITDA | 6.14B | 4.41B | 3.87B | 2.88B | 2.54B | 1.90B | 2.93B | 2.49B | 2.18B | 1.76B | 2.39B | 2.36B |
| Gross Margin | 20.93% | 17.75% | 20.16% | 20.71% | 18.29% | 21.12% | 23.73% | 22.00% | 21.42% | 21.81% | 24.07% | 23.37% |
| Operating Margin | 11.46% | 8.34% | 9.26% | 7.85% | 5.95% | 4.98% | 9.02% | 7.06% | 5.56% | 4.34% | 6.93% | 6.92% |
| Net Margin | 8.80% | 7.84% | 6.77% | 5.73% | 3.91% | 4.13% | 6.41% | 4.82% | 3.54% | 4.48% | 5.42% | 4.73% |
This table shows 12 quarterly periods of Dell Technologies's income statement, from Q2 2027 back to Q3 2024, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow DELL's reporting calendar. What is a income statement?