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NYSE · Technology

Dell Technologies Inc. (DELL)

As-reported financials and SEC filings for Dell Technologies Inc. The latest annual period is FY2026. The latest reported quarter is Q2 FY2027. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Dell Technologies Inc.

Dell Technologies Inc. provides technology solutions for data and artificial intelligence applications, offering products ranging from client devices and peripherals to infrastructure solutions including servers, networking, and storage. The company serves customers globally through two main business units: Infrastructure Solutions Group, which delivers AI-optimized servers, traditional servers, networking, and storage solutions, and Client Solutions Group, which offers personal computers, peripherals, and related services for commercial and consumer markets. Dell also provides flexible payment and financing options to support customer acquisition of its technology solutions.

Snapshot

Revenue
$113.54B
Revenue growth (YoY)
18.8%
Net income
$5.94B
Diluted EPS
$8.68
Gross margin
20.0%
Operating margin
7.2%
Net margin
5.2%
FCF margin
7.5%
ROE
—
net income / fiscal-year-end equity
P/E
26.5×
trailing when available, otherwise FY EPS
Market cap
$290.21B
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended January 30, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Dell Technologies

  • Revenue grew 18.8% to $113.5B in FY2026, faster than the 8.1% the year before.
  • Operating margin is 7.2% in FY2026, +2.6 pp against 4.6% in FY2022.
  • Most recent quarter Q2 FY2027: revenue $47.0B, up 57.7% from Q2 FY2026.
  • Free cash flow was $8.6B in FY2026, 7.5% of revenue.
  • Net income rose 29.3% to $5.9B in FY2026.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Dell Technologies’s fundamentals sit among the 628 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin20.0%
13th percentile of 512
Operating margin7.2%
62nd percentile of 564
Net margin5.2%
57th percentile of 577
FCF margin7.5%
44th percentile of 545
Revenue growth (YoY)+18.8%
70th percentile of 619
P/E26.5×
46th percentile of 319
Short interest1.44d
19th percentile of 625

Dell Technologies’s gross margin of 20.0% ranks in the 13th percentile of the 512 Technology companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1018 insider sales totaling $1.03B. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+6 quant / multi-strat
Initiated / added
2
1 new, 1 added
Reduced / exited
8
8 trimmed, 0 exited
Combined position
$1.72B
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$420.1M973.7KAdded
AQR Capital ManagementquantQ2 2026$374.5M879.5KReduced
Two Sigma InvestmentsquantQ2 2026$282.7M655.3KReduced
Renaissance TechnologiesquantQ2 2026$279.0M646.7KReduced
Citadel AdvisorsquantQ2 2026$187.7M435.1KReduced
Gotham Asset ManagementQ2 2026$132.5M307.1KReduced
Millennium ManagementquantQ2 2026$31.7M73.5KReduced
Dodge & CoxQ2 2026$7.4M17.3KReduced
Bridgewater AssociatesQ2 2026$5.3M12.2KReduced
Maverick CapitalQ2 2026$1.3M2.9KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
1018
$1.03B
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-10-09
filed 2026-10-14
Silver Lake Partners IV, L.P.DirectorSell7.2K$586.53$4.2M
2026-10-09
filed 2026-10-14
SL SPV-2, L.P.DirectorSell6.6K$586.53$3.9M
2026-10-09
filed 2026-10-14
Silver Lake Partners IV, L.P.DirectorSell5.6K$575.42$3.2M
2026-10-09
filed 2026-10-14
Silver Lake Partners IV, L.P.DirectorSell5.5K$585.54$3.2M
2026-10-09
filed 2026-10-14
SL SPV-2, L.P.DirectorSell5.1K$575.42$2.9M
2026-10-09
filed 2026-10-14
SL SPV-2, L.P.DirectorSell5.0K$585.54$2.9M
2026-10-09
filed 2026-10-14
Silver Lake Partners V DE (AIV), L.P.DirectorSell3.8K$586.53$2.2M
2026-10-09
filed 2026-10-14
Silver Lake Partners IV, L.P.DirectorSell3.3K$589.28$1.9M
2026-10-09
filed 2026-10-14
Silver Lake Partners IV, L.P.DirectorSell3.2K$587.26$1.9M
2026-10-09
filed 2026-10-14
SL SPV-2, L.P.DirectorSell3.0K$589.28$1.8M
2026-10-09
filed 2026-10-14
SL SPV-2, L.P.DirectorSell2.9K$587.26$1.7M
2026-10-09
filed 2026-10-14
Silver Lake Partners V DE (AIV), L.P.DirectorSell2.9K$575.42$1.7M

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
12.3M
settled 2026-09-30
Change vs prior
-10.1%
vs previous settlement
Days to cover
1.44
at avg daily volume
Avg daily volume
8.6M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3012.3M-10.1%1.44
2026-09-1513.7M-5.2%1.00
2026-08-3114.4M+3.1%2.93
2026-08-1414.0M+6.3%2.38
2026-07-3113.2M+0.6%2.18
2026-07-1513.1M+0.9%1.75
2026-06-3013.0M-17.9%1.47
2026-06-1515.8M-16.6%1.41

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$113.54B$95.57B$88.42B$102.30B$101.20B
Gross profit
Operating income$8.15B$6.24B$5.41B$5.77B$4.66B
Pre-tax income$7.26B$5.05B$4.09B$3.23B$5.92B
Net income$5.94B$4.59B$3.39B$2.44B$5.56B
Diluted EPS$8.68$6.38$4.60$3.24—

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$11.19B$4.52B$8.68B$3.56B$10.31B
Capital expenditure$2.63B$2.65B$2.76B$3.00B$2.80B
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2027$46.97B57.7%$4.13B$6.34
Q1 FY2027$43.84B87.5%$3.44B$5.24
Q4 FY202639.5%
Q3 FY2026$27.00B10.8%$1.55B$2.28
Q2 FY2026$29.78B19.0%$1.16B$1.70
Q1 FY2026$23.38B5.1%$965.0M$1.37
Q4 FY20257.2%
Q3 FY2025$24.37B9.5%$1.18B$1.64

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorTechnology
SIC industryElectronic Computers
Latest annual periodFY2026 (ended January 30, 2026)
Latest reported quarterQ2 FY2027 (ended July 31, 2026)
Oldest indexed filing2024
SEC CIK1571996

Selected SEC filings

10-K2026-03-16
View on EDGAR →
10-K2025-03-25
View on EDGAR →
10-Q2026-09-08
View on EDGAR →
10-Q2026-06-09
View on EDGAR →
10-Q2025-12-09
View on EDGAR →
10-Q2025-09-08
View on EDGAR →
8-K2026-10-21
View on EDGAR →
8-K2026-09-15
View on EDGAR →

Largest Technology peers

All Technology companies →

DELL head to head

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.