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DELL · Dell Technologies Inc. · Financials

Track DELL — free
Market Cap
$259.67B
Shares
635.81M
Volume · Nov 4 10.76M Avg daily vol (3M) 7.65M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$113.54B +18.8%
FY2026 Revenue FY2015–FY2026
Net Income
$5.94B +29.3%
FY2026 Net Income FY2015–FY2026
Gross Margin
20% -2.2pp
FY2026 Gross Margin FY2015–FY2026
Operating Margin
7.18% +0.6pp
FY2026 Operating Margin FY2015–FY2026
Diluted EPS
$8.68 +36.1%
FY2026 Diluted EPS FY2020–FY2026
Operating Cash Flow
$11.19B +147.4%
FY2026 Operating Cash Flow FY2015–FY2026

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item FY2027 (G) TTM FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015
$165B – $169B $151.2B $113.54BG $95.57B $88.43B $102.3B $101.2B $86.67BG $84.82B $90.62B $79.04B $62.16B $50.91B $54.14B
— $1.62B $1.55B $1.47B $1.35B $1.09B $717M $452M $169M — — — — —
— $121.26B $90.83B $74.32B $67.36B $79.62B $79.31B $66.53B $64.18B $65.57B $58.5B $48.52B $42.52B $45.25B
— $29.94B $22.71B $21.25B $21.07B $22.69B $21.89B $20.14B $20.64B $25.05B $20.54B $13.65B $8.39B $8.9B
— — 20% 22.24% 23.83% 22.18% 21.63% 23.24% 24.33% 27.65% 25.98% 21.96% 16.47% 16.43%
— $3.64B $3.14B $3.06B $2.8B $2.78B $2.58B $2.46B $2.45B $4.6B $4.38B $2.64B $1.05B $920M
— $12.04B $11.42B $11.95B $12.86B $14.14B $14.66B $14B $15.82B $20.64B $18.57B $13.4B $7.85B $8.29B
— $500M $500M $700M $800M $1B $1.6B $2.1B $3B $6.1B $7B $3.7B $2B $2.1B
— $3.04B $3.03B $3.12B $3.3B $3.16B $4.55B $5.39B $6.14B $7.75B $8.63B $4.94B $2.87B $2.98B
— $15.68B $14.56B $15.01B $15.66B $16.92B $17.23B $16.46B $18.27B $25.24B $22.95B $16.04B $8.9B $9.21B
— $14.25B $8.15B $6.24B $5.41B $5.77B $4.66B $3.69B $2.37B -$191M -$2.42B -$2.39B -$514M -$316M
— — 7.18% 6.53% 6.12% 5.64% 4.6% 4.25% 2.79% -0.21% -3.06% -3.84% -1.01% -0.58%
— $17.29B $11.18B $9.36B $8.71B $8.93B $9.21B $9.08B $8.51B $7.56B $6.22B $2.55B $2.36B $2.66B
— — $1.56B $1.39B $1.5B $1.22B $1.54B $2.05B $2.33B $2.49B $2.41B $1.75B $680M $807M
— -$433M -$886M -$1.19B -$1.32B -$2.55B $1.26B -$1.34B -$2.42B -$2.17B -$2.35B -$2.1B -$772M -$899M
— $868M $254M $177M $47M -$206M $569M $425M $158M $342M $72M $4M -$2M -$29M
— $13.82B $7.26B $5.05B $4.09B $3.23B $5.92B $2.35B -$51M -$2.36B -$4.77B -$4.49B -$1.29B -$1.22B
— $2.44B $1.33B $472M $715M $803M $981M $101M -$572M -$180M -$1.84B -$1.42B -$118M -$107M
— $11.38B $5.94B $4.59B $3.39B $2.44B $5.56B $3.25B $4.62B -$2.31B -$2.85B -$1.17B -$1.1B -$1.22B
— — 5.23% 4.81% 3.83% 2.39% 5.5% 3.75% 5.44% -2.55% -3.6% -1.88% -2.17% -2.26%
— — $0 -$16M -$16M -$20M $144M $255M $913M $129M -$77M $9M $0 $0
— $11.38B $5.94B $4.59B $3.39B $2.44B $4.95B — — — — — — —
— $11.33B $6.15B $4.45B $3.59B $1.87B $5.44B $3.65B $4.37B -$2.85B -$2.12B -$1.44B -$1.46B -$1.17B
USD/shares — $17.39 $8.79 $6.51 $4.71 $3.33 — $4.37 $6.38 — — — — —
USD/shares $25.50* $17.19 $8.68G $6.38 $4.60 $3.24 — $4.22G $6.03 — — — — —
shares — — 675M 705M 720M 734M 762M 744M 724M — — — — —
shares — — 684M 720M 736M 753M 791M 767M 751M — — — — —
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2017–FY2026: $30.72B in buybacks, $6.9B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Read debt and covenant terms in your AI or your code through MCP and the API →

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Current debt and lease obligations 2026-07-31 USD 8,481,000,000 10-Q filed 2026-09-08
Long-term debt, including current maturities 2026-07-31 USD 34,466,000,000 10-Q filed 2026-09-08
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Noncurrent debt carrying amount
USD 25,985,000,000
Operating lease liabilities 2026-07-31 USD 805,000,000 10-Q filed 2026-09-08
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current operating lease liabilities
USD 253,000,000
Noncurrent operating lease liabilities
USD 552,000,000
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

4.750% Senior Notes due 2031

Note · Dell International L.L.C. and EMC Corporation

Reference: 4.750% Senior Notes due 2031

Active
Original principal
USD 1,000,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jul 15, 2031

Last reported interest terms: 4.75% Reported 2026-06-16 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-06-16 Original principal USD 1,000,000,000 Exact source document Parent 8-K filing · 2026-06-16
    On June 16, 2026, two wholly-owned subsidiaries of Dell Technologies Inc. (the “Company”), Dell International L.L.C. and EMC Corporation (together, the “Issuers”), completed a public offering (the “Offering”) of (i) $1,000,000,000 aggregate principal amount of 4.750% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of 5.000% Senior Notes due 2034 (the “2034 Notes”) and (iii) $1,250,000,000 aggregate principal amount of 5.250% Senior Notes due 2037 (the “2037 Notes” and, together with the 2031 Notes and the 2034 Notes, the “Notes”). The Notes were sold pursuant to a shelf registration statement on Form S-3ASR (File No. 333-296691).
    Issuer evidence: On June 16, 2026, two wholly-owned subsidiaries of Dell Technologies Inc. (the “Company”), Dell International L.L.C. and EMC Corporation (together, the “Issuers”), completed a public offering (the “Offering”) of (i) $1,000,000,000 aggregate principal amount of 4.750% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of 5.000% Senior Notes due 2034 (the “2034 Notes”) and (iii) $1,250,000,000 aggregate principal amount of 5.250% Senior Notes due 2037 (the “2037 Notes” and, together with the 2031 Notes and the 2034 Notes, the “Notes”). The Notes were sold pursuant to a shelf registration statement on Form S-3ASR (File No. 333-296691).
    Supporting evidence: Interest on each series of the Notes began accruing on June 16, 2026, the issue date of the Notes. Interest on the 2031 Notes accrues at a rate of 4.750% per year, payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2027. Interest on the 2034 Notes accrues at a rate of 5.000% per year, payable semi-annually in arrears on February 15 and August 15 of each year, commencing on August 15, 2026. Interest on the 2037 Notes accrues at a rate of 5.250% per year, payable semi-annually in arrears on February 15 and August 15 of each year, commencing on August 15, 2026. The 2031 Notes mature on July 15, 2031, the 2034 Notes mature on February 15, 2034 and the 2037 Notes mature on February 15, 2037.
    Supporting evidence: On June 16, 2026, two wholly-owned subsidiaries of Dell Technologies Inc. (the “Company”), Dell International L.L.C. and EMC Corporation (together, the “Issuers”), completed a public offering (the “Offering”) of (i) $1,000,000,000 aggregate principal amount of 4.750% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of 5.000% Senior Notes due 2034 (the “2034 Notes”) and (iii) $1,250,000,000 aggregate principal amount of 5.250% Senior Notes due 2037 (the “2037 Notes” and, together with the 2031 Notes and the 2034 Notes, the “Notes”). The Notes were sold pursuant to a shelf registration statement on Form S-3ASR (File No. 333-296691).
    Supporting evidence: On June 16, 2026, two wholly-owned subsidiaries of Dell Technologies Inc. (the “Company”), Dell International L.L.C. and EMC Corporation (together, the “Issuers”), completed a public offering (the “Offering”) of (i) $1,000,000,000 aggregate principal amount of 4.750% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of 5.000% Senior Notes due 2034 (the “2034 Notes”) and (iii) $1,250,000,000 aggregate principal amount of 5.250% Senior Notes due 2037 (the “2037 Notes” and, together with the 2031 Notes and the 2034 Notes, the “Notes”). The Notes were sold pursuant to a shelf registration statement on Form S-3ASR (File No. 333-296691).

5.000% Senior Notes due 2034

Note · Dell International L.L.C. and EMC Corporation

Reference: 5.000% Senior Notes due 2034

Active
Original principal
USD 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Feb 15, 2034

Last reported interest terms: 5% Reported 2026-06-16 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-06-16 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2026-06-16
    On June 16, 2026, two wholly-owned subsidiaries of Dell Technologies Inc. (the “Company”), Dell International L.L.C. and EMC Corporation (together, the “Issuers”), completed a public offering (the “Offering”) of (i) $1,000,000,000 aggregate principal amount of 4.750% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of 5.000% Senior Notes due 2034 (the “2034 Notes”) and (iii) $1,250,000,000 aggregate principal amount of 5.250% Senior Notes due 2037 (the “2037 Notes” and, together with the 2031 Notes and the 2034 Notes, the “Notes”). The Notes were sold pursuant to a shelf registration statement on Form S-3ASR (File No. 333-296691).
    Issuer evidence: On June 16, 2026, two wholly-owned subsidiaries of Dell Technologies Inc. (the “Company”), Dell International L.L.C. and EMC Corporation (together, the “Issuers”), completed a public offering (the “Offering”) of (i) $1,000,000,000 aggregate principal amount of 4.750% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of 5.000% Senior Notes due 2034 (the “2034 Notes”) and (iii) $1,250,000,000 aggregate principal amount of 5.250% Senior Notes due 2037 (the “2037 Notes” and, together with the 2031 Notes and the 2034 Notes, the “Notes”). The Notes were sold pursuant to a shelf registration statement on Form S-3ASR (File No. 333-296691).
    Supporting evidence: Interest on each series of the Notes began accruing on June 16, 2026, the issue date of the Notes. Interest on the 2031 Notes accrues at a rate of 4.750% per year, payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2027. Interest on the 2034 Notes accrues at a rate of 5.000% per year, payable semi-annually in arrears on February 15 and August 15 of each year, commencing on August 15, 2026. Interest on the 2037 Notes accrues at a rate of 5.250% per year, payable semi-annually in arrears on February 15 and August 15 of each year, commencing on August 15, 2026. The 2031 Notes mature on July 15, 2031, the 2034 Notes mature on February 15, 2034 and the 2037 Notes mature on February 15, 2037.
    Supporting evidence: On June 16, 2026, two wholly-owned subsidiaries of Dell Technologies Inc. (the “Company”), Dell International L.L.C. and EMC Corporation (together, the “Issuers”), completed a public offering (the “Offering”) of (i) $1,000,000,000 aggregate principal amount of 4.750% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of 5.000% Senior Notes due 2034 (the “2034 Notes”) and (iii) $1,250,000,000 aggregate principal amount of 5.250% Senior Notes due 2037 (the “2037 Notes” and, together with the 2031 Notes and the 2034 Notes, the “Notes”). The Notes were sold pursuant to a shelf registration statement on Form S-3ASR (File No. 333-296691).
    Supporting evidence: On June 16, 2026, two wholly-owned subsidiaries of Dell Technologies Inc. (the “Company”), Dell International L.L.C. and EMC Corporation (together, the “Issuers”), completed a public offering (the “Offering”) of (i) $1,000,000,000 aggregate principal amount of 4.750% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of 5.000% Senior Notes due 2034 (the “2034 Notes”) and (iii) $1,250,000,000 aggregate principal amount of 5.250% Senior Notes due 2037 (the “2037 Notes” and, together with the 2031 Notes and the 2034 Notes, the “Notes”). The Notes were sold pursuant to a shelf registration statement on Form S-3ASR (File No. 333-296691).

5.250% Senior Notes due 2037

Note · Dell International L.L.C. and EMC Corporation

Reference: 5.250% Senior Notes due 2037

Active
Original principal
USD 1,250,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Feb 15, 2037

Last reported interest terms: 5.25% Reported 2026-06-16 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-06-16 Original principal USD 1,250,000,000 Exact source document Parent 8-K filing · 2026-06-16
    On June 16, 2026, two wholly-owned subsidiaries of Dell Technologies Inc. (the “Company”), Dell International L.L.C. and EMC Corporation (together, the “Issuers”), completed a public offering (the “Offering”) of (i) $1,000,000,000 aggregate principal amount of 4.750% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of 5.000% Senior Notes due 2034 (the “2034 Notes”) and (iii) $1,250,000,000 aggregate principal amount of 5.250% Senior Notes due 2037 (the “2037 Notes” and, together with the 2031 Notes and the 2034 Notes, the “Notes”). The Notes were sold pursuant to a shelf registration statement on Form S-3ASR (File No. 333-296691).
    Issuer evidence: On June 16, 2026, two wholly-owned subsidiaries of Dell Technologies Inc. (the “Company”), Dell International L.L.C. and EMC Corporation (together, the “Issuers”), completed a public offering (the “Offering”) of (i) $1,000,000,000 aggregate principal amount of 4.750% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of 5.000% Senior Notes due 2034 (the “2034 Notes”) and (iii) $1,250,000,000 aggregate principal amount of 5.250% Senior Notes due 2037 (the “2037 Notes” and, together with the 2031 Notes and the 2034 Notes, the “Notes”). The Notes were sold pursuant to a shelf registration statement on Form S-3ASR (File No. 333-296691).
    Supporting evidence: Interest on each series of the Notes began accruing on June 16, 2026, the issue date of the Notes. Interest on the 2031 Notes accrues at a rate of 4.750% per year, payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2027. Interest on the 2034 Notes accrues at a rate of 5.000% per year, payable semi-annually in arrears on February 15 and August 15 of each year, commencing on August 15, 2026. Interest on the 2037 Notes accrues at a rate of 5.250% per year, payable semi-annually in arrears on February 15 and August 15 of each year, commencing on August 15, 2026. The 2031 Notes mature on July 15, 2031, the 2034 Notes mature on February 15, 2034 and the 2037 Notes mature on February 15, 2037.
    Supporting evidence: On June 16, 2026, two wholly-owned subsidiaries of Dell Technologies Inc. (the “Company”), Dell International L.L.C. and EMC Corporation (together, the “Issuers”), completed a public offering (the “Offering”) of (i) $1,000,000,000 aggregate principal amount of 4.750% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of 5.000% Senior Notes due 2034 (the “2034 Notes”) and (iii) $1,250,000,000 aggregate principal amount of 5.250% Senior Notes due 2037 (the “2037 Notes” and, together with the 2031 Notes and the 2034 Notes, the “Notes”). The Notes were sold pursuant to a shelf registration statement on Form S-3ASR (File No. 333-296691).
    Supporting evidence: On June 16, 2026, two wholly-owned subsidiaries of Dell Technologies Inc. (the “Company”), Dell International L.L.C. and EMC Corporation (together, the “Issuers”), completed a public offering (the “Offering”) of (i) $1,000,000,000 aggregate principal amount of 4.750% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of 5.000% Senior Notes due 2034 (the “2034 Notes”) and (iii) $1,250,000,000 aggregate principal amount of 5.250% Senior Notes due 2037 (the “2037 Notes” and, together with the 2031 Notes and the 2034 Notes, the “Notes”). The Notes were sold pursuant to a shelf registration statement on Form S-3ASR (File No. 333-296691).

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
1.87×
Peer median 8.88×
EV/EBIT
19.83×
Peer median 22.48×
P/E (TTM)
23.76×
Peer median 29.49×
Price/Sales (TTM)
1.72×
Peer median 9.11×
Price/Book
—
Peer median 13.71×

Peer medians compare against the 5 similar-size Computer Hardware companies (of 43 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Infrastructure Solutions Group $60,826,000,000 $43,593,000,000 $33,885,000,000 $38,356,000,000 $34,366,000,000 $33,002,000,000 $34,367,000,000 $36,720,000,000
Client Solutions $50,984,000,000 $48,393,000,000 $48,916,000,000 $58,213,000,000 $61,464,000,000 $48,387,000,000 $45,855,000,000 $43,196,000,000
VMware Inc. — — — — — — — $9,741,000,000
All Other Segments — — $5,614,000,000 $5,721,000,000 $5,388,000,000 $5,382,000,000 $4,823,000,000 $1,676,000,000

By Geography (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
United States $63,140,000,000 $51,014,000,000 $43,986,000,000 $49,201,000,000 $46,752,000,000 $42,009,000,000 $40,338,000,000 $42,803,000,000
Non Us $50,398,000,000 $44,553,000,000 $44,439,000,000 $53,100,000,000 $54,445,000,000 $44,661,000,000 $44,477,000,000 $47,818,000,000

By Product & Service (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Product $90,405,000,000 $71,420,000,000 $64,353,000,000 $79,250,000,000 $79,830,000,000 $67,744,000,000 $67,607,000,000 $70,707,000,000
Service $23,133,000,000 $24,147,000,000 $24,072,000,000 $23,051,000,000 $21,367,000,000 $18,926,000,000 $17,208,000,000 $19,914,000,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Infrastructure Solutions Group $7,111,000,000 $5,579,000,000 $4,286,000,000 $5,045,000,000 $3,736,000,000 $3,753,000,000 $3,948,000,000 $4,151,000,000
Client Solutions $2,833,000,000 $2,972,000,000 $3,712,000,000 $3,824,000,000 $4,365,000,000 $3,333,000,000 $3,114,000,000 $1,960,000,000
VMware Inc. — — — — — $3,571,000,000 $3,081,000,000 $2,926,000,000
All Other Segments — — -$129,000,000 -$240,000,000 -$319,000,000 -$139,000,000 -$217,000,000 -$111,000,000

Operating Margin by Segment (%)

Component FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Infrastructure Solutions Group 11.7% 12.8% 12.6% 13.2% 10.9% 11.4% 11.5% 11.3%
Client Solutions 5.6% 6.1% 7.6% 6.6% 7.1% 6.9% 6.8% 4.5%
VMware Inc. — — — — — — — 30%
All Other Segments — — -2.3% -4.2% -5.9% -2.6% -4.5% -6.6%
Key facts CIK 1571996 CUSIP 24703L202 13F (30d) 1231 filings 1178 filers Visit website Investor relations