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Dell Technologies DELL

$533.93
−$15.90 (-2.89%)
Market open · Sep 24, 2:00 pm ET
After hours $548.84 -0.18%
Open$537.00
Prev close$549.83
Day range$530.45 – $545.94
Volume4.79M
Market cap$339.48B
P/E (TTM)31.1
Dividend yield0.43%

Fundamentals

Latest reported quarter: Q2, ended Jul 2026

Revenue$46.97B+57.7% YoY
Operating profit$5.47B+187.8% YoY
Net profit$4.13B+255.1% YoY
Diluted EPS$6.34+272.9% YoY
Free cash flow$986.00M-47.2% YoY
Operating cash flow$2.23B

Revenue, last 8 quarters

$24.4BOct '24$23.9BJan '25$23.4BMay '25$29.8BJul '25$27.0BOct '25$33.4BJan '26$43.8BApr '26$47.0BJul '26

Net profit, last 8 quarters

$1.2BOct '24$1.5BJan '25$965.0MMay '25$1.2BJul '25$1.5BOct '25$2.3BJan '26$3.4BApr '26$4.1BJul '26

Diluted EPS by quarter

1.64Oct '242.15Jan '251.37May '251.70Jul '252.28Oct '253.37Jan '265.24Apr '266.34Jul '26

Free cash flow by quarter

$914.0MOct '24$-150.0MJan '25$2.2BMay '25$1.9BJul '25$503.0MOct '25$4.0BJan '26$3.1BApr '26$986.0MJul '26

Annual revenue

$86.7BFY21$101.2BFY22$102.3BFY23$88.4BFY24$95.6BFY25$113.5BFY26

Profitability & balance sheet

Gross margin19.8%
Operating margin9.6%
Net margin7.5%
Return on assets10.5%
Current ratio0.96
Liabilities / assets101.1%
Cash & investments$11.57B
Total debt$34.47B
Net cash (debt)-$22.90B
Free cash flow / sales5.7%

Where the revenue comes from

Quarter 2027/Q2

By business line

  • Infrastructure Solutions Group$31.78B 67.7%
  • Client Solutions Group$15.03B 32.0%
  • Corporate and Other$155.00M 0.3%

Income statement

Line item 2027 Q2 2027 Q1 2026 ANNUAL 2026 Q4 2026 Q3
Total Revenue as Reported $46.97B $43.84B $113.54B $33.38B $27.01B
Total Operating Revenue $46.97B $43.84B $113.54B $33.38B $27.01B
Cost of Revenue $37.14B $36.06B $90.83B $26.65B $21.41B
Gross Profit $9.83B $7.78B $22.71B $6.73B $5.59B
Operating Expense $4.36B $4.02B $14.26B $3.59B $3.43B
Selling and Admin Expenses $3.25B $3.04B $11.12B $2.79B $2.67B
Research & Development $1.11B $983.00M $3.14B $797.00M $752.00M
Operating Profit $5.47B $3.76B $8.45B $3.15B $2.17B
Net Non-Operating Interest Income (Expense) -$254.00M -$322.00M -$1.28B -$315.00M -$314.00M
Total Other Finance Costs $254.00M – – – –
Other Income (Expense) -$87.00M $508.00M $98.00M -$31.00M $87.00M
Special Income (Charges) -$87.00M -$106.00M -$61.00M -$53.00M -$49.00M
-Less:Restructuring and Mergern & Acquisition $87.00M $106.00M $297.00M $53.00M $49.00M
Pretax Profit $5.13B $3.95B $7.26B $2.80B $1.94B
Tax $998.00M $510.00M $1.33B $540.00M $393.00M
Net Profit $4.13B $3.44B $5.94B $2.26B $1.55B
Profit from Continuing Operations $4.13B $3.44B $5.94B $2.26B $1.55B
Net Income to Parent Company $4.13B $3.44B $5.94B $2.26B $1.55B
Net Income to Common Stockholders $4.13B $3.44B $5.94B $2.26B $1.55B
Basic EPS $6.41 $5.30 $8.79 $3.47 $2.31
Diluted EPS $6.34 $5.24 $8.68 $3.37 $2.28
Dividend Per Share $0.63 $0.63 $2.10 $0.53 $0.53
Non-Operating Interest Income – $81.00M $279.00M $96.00M $82.00M
Non-Operating Interest Expense – $403.00M $1.56B $411.00M $396.00M
Gain on Sale of Security – $614.00M $159.00M $22.00M $136.00M
-Gain on Sale Of Business – $0.00 $236.00M $0.00 $0.00
Minority Interests – – $0.00 $0.00 $0.00

Balance sheet

Line item 2027 Q2 2027 Q1 2026 ANNUAL 2026 Q4 2026 Q3
Total Assets $127.39B $114.91B $101.29B $101.29B $87.48B
Total Current Assets $80.55B $70.61B $57.60B $57.60B $43.10B
Cash and Cash Equivalents & Short-Term Investments $11.57B $11.58B $11.53B $11.53B $9.57B
-Cash and Cash Equivalents $11.57B $11.58B $11.53B $11.53B $9.57B
Receivables $35.72B $34.09B $26.04B $26.04B $18.15B
-Accounts Receivable $22.92B $25.85B $17.59B $17.59B $11.72B
-Other Receivables $12.81B $8.24B $8.46B $8.46B $6.43B
Inventory $21.29B $15.05B $10.44B $10.44B $6.95B
Other Current Assets $11.97B $9.89B $9.59B $9.59B $8.44B
Total Non-Current Assets $46.85B $44.31B $43.68B $43.68B $44.38B
Net PPE $7.42B $6.95B $6.68B $6.68B $6.54B
-Gross PPE $16.17B $15.45B $14.84B $14.84B $15.26B
-Accumulated Depreciation -$8.75B -$8.50B -$8.17B -$8.17B -$8.72B
Investments and Advances $2.68B $2.48B $1.73B $1.73B $1.76B
Non Current Accounts Receivables $7.63B $5.71B $5.82B $5.82B $6.73B
Goodwill and Other Intangible Assets $23.80B $23.94B $24.08B $24.08B $23.99B
-Goodwill $19.45B $19.50B $19.55B $19.55B $19.36B
-Other Intangible Assets $4.35B $4.44B $4.53B $4.53B $4.63B
Other Non-Current Assets $5.33B $5.22B $5.38B $5.38B $5.37B
Total Liabilities $128.82B $116.32B $103.76B $103.76B $90.10B
Total Current Liabilities $83.70B $74.60B $63.27B $63.27B $50.52B
Payables $49.72B $45.26B $33.63B $33.63B $23.79B
-Accounts Payable $49.72B $45.26B $33.63B $33.63B $23.79B
Current Accrued Expenses $10.74B $8.59B $8.32B $8.32B $6.68B
Short-Term Debt and Capital Lease Obligation $8.48B $7.55B $7.99B $7.99B $7.39B
-Current Debt $8.48B $7.55B $7.99B $7.99B $7.39B
Current Deferred Liabilities $14.76B $13.19B $13.33B $13.33B $12.65B
Total Non-Current Liabilities $45.12B $41.72B $40.49B $40.49B $39.58B
Long Term Debt and Capital Lease Obligation $25.99B $23.61B $23.51B $23.51B $23.85B
-Long Term Debt $25.99B $23.61B $23.51B $23.51B $23.85B
Non-Current Deferred Liabilities $14.96B $14.26B $13.60B $13.60B $12.46B
Other Non-Current Liabilities $4.18B $3.85B $3.38B $3.38B $3.28B
Total Equity -$1.43B -$1.40B -$2.47B -$2.47B -$2.62B
Stockholders' Equity -$1.43B -$1.40B -$2.47B -$2.47B -$2.62B
Capital Stock $9.28B $9.11B $9.46B $9.46B $9.28B
-Common Stock $9.28B $9.11B $9.46B $9.46B $9.28B
Retained Earnings $10.07B $6.34B $3.33B $3.33B $1.42B
Less: Treasury Stock $20.01B $16.15B $14.53B $14.53B $12.67B
Gains/Losses Not Affecting Retained Earnings -$759.00M -$709.00M -$719.00M -$719.00M -$654.00M
Minority Interests – $0.00 $0.00 $0.00 $0.00

Cash flow

Line item 2027 Q2 2027 Q1 2026 ANNUAL 2026 Q4 2026 Q3
Operating Cash Flow $2.23B $4.08B $11.19B $4.67B $1.17B
Net cash flow from continuing operations $2.23B $4.08B $11.19B $4.67B $1.17B
Net Income from Continuing Operations $4.13B $3.44B $5.94B $2.26B $1.55B
Depreciation & Depletion & Amortization $754.00M $758.00M $3.03B $773.00M $756.00M
Deferred Tax -$22.00M $45.00M -$60.00M -$45.00M $112.00M
Other Non-Cash Items -$67.00M -$387.00M $714.00M $277.00M $48.00M
Change in Working Capital -$2.76B $38.00M $843.00M $1.22B -$1.46B
-Change in Receivables -$3.76B -$8.07B -$9.76B -$6.79B $2.18B
-Change in Inventory -$6.23B -$4.72B -$3.99B -$3.58B $206.00M
-Change in Payables and Accrued Expense $4.54B $11.66B $12.67B $9.75B -$3.70B
-Change In Other Working Capital $2.69B $1.16B $1.93B $1.85B -$142.00M
Net cash flow from investing -$1.34B -$1.07B -$2.06B -$695.00M -$617.00M
Net Cash Flow from Continuing Investing Activities -$1.34B -$1.07B -$2.06B -$695.00M -$617.00M
Capital Expenditure -$1.24B -$963.00M -$2.63B -$721.00M -$669.00M
Net Business Purchase and Sale $0.00 $0.00 $449.00M -$84.00M $0.00
Net Investment Purchase and Sale -$122.00M -$123.00M $49.00M $90.00M $25.00M
Net Other Investing Changes $24.00M $19.00M $80.00M $20.00M $27.00M
Financing Cash Flow -$882.00M -$2.95B -$1.46B -$2.09B $857.00M
Net Cash Flow from Continuing Financing Activities -$882.00M -$2.95B -$1.46B -$2.09B $857.00M
Net Issuance Payments Of Debt $3.37B -$323.00M $6.48B $111.00M $2.53B
Net Common Stock Issuance -$3.81B -$2.17B -$6.40B -$1.86B -$1.26B
Cash Dividends Paid -$405.00M -$464.00M -$1.46B -$346.00M -$351.00M
Net Other Financing Charges -$32.00M -$2.00M -$88.00M $0.00 -$53.00M
Ending Cash Balance $11.74B $11.75B $11.71B $11.71B $9.73B
Net Change in Cash $6.00M $60.00M $7.67B $1.89B $1.41B
Beginning Cash Balance $11.75B $11.71B $3.82B $9.73B $8.29B
Effect of Exchange Rate Changes -$22.00M -$13.00M $221.00M $87.00M $30.00M
Free Cash Flow $986.00M $3.12B $8.55B $3.95B $503.00M
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