Dell Technologies

DELL Information Technology Market cap $346B as of Sep 14, 2026 16:04 ET S&P 500

Q2 FY27 May 2 – Jul 31, 2026 reported Sep 8, 2026

Revenue$46.97B +58% year over year

Gross profit$9.83B 21% margin

Operating profit$5.39B 11% margin

Net profit$4.13B 9% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY27 (period ends Jul 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	46.97	100%	+58%
Infrastructure solutions	31.78	68%
Client solutions	15.03	32%
Other and unallocated	0.16	0%
Cost of revenue	−37.14	79%
Gross profit	9.83	21% margin	+3pp
R&D	−1.11	2%	+0pp
SG&A	−3.34	7%	−3pp
Operating profit	5.39	11% margin	+6pp
Interest & other costs	−0.25
Tax	−1.00
Net profit	4.13	9% margin	+5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY27 (period ends May 1, 2026).
Item	Value	Share of revenue	Year over year
Revenue	43.84	100%	+88%
AI-optimized servers	16.13	37%
Commercial	13.02	30%
Traditional servers	8.54	19%
Storage	4.33	10%
Consumer	1.59	4%
Other	0.22	0%
Cost of revenue	−36.06	82%
Gross profit	7.78	18% margin	−3pp
R&D	−0.98	2%	−1pp
SG&A	−3.14	7%	−6pp
Operating profit	3.66	8% margin	+3pp
Other income, net	0.29
Tax	−0.51
Net profit	3.44	8% margin	+4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY26 (period ends Jan 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	33.4	100%	+39%
Cost of revenue	−26.6	80%
Gross profit	6.7	20% margin	−4pp
R&D	−0.8	2%	−1pp
SG&A	−2.8	9%	−3pp
Operating profit	3.1	9% margin	+0pp
Interest & other costs	−0.3
Tax	−0.5
Net profit	2.3	7% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Oct 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	27.01	100%	+11%
Infrastructure solutions	14.11	52%	+24%
Client solutions group	12.48	46%	+3%
Corporate & other	0.42	2%
Cost of revenue	−21.41	79%
Gross profit	5.59	21% margin	−1pp
R&D	−0.75	3%	+0pp
SG&A	−2.72	10%	−2pp
Operating profit	2.12	8% margin	+1pp
Interest & other costs	−0.18
Tax	−0.39
Net profit	1.55	6% margin	+1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Aug 1, 2025).
Item	Value	Share of revenue	Year over year
Revenue	29.78	100%	+19%
Infrastructure solutions	16.80	56%	+44%
Client solutions group	12.50	42%	+1%
Corporate & other	0.47	2%
Cost of revenue	−24.33	82%
Gross profit	5.45	18% margin	−3pp
R&D	−0.79	2%	+0pp
SG&A	−2.89	10%	−3pp
Operating profit	1.77	6% margin	+0pp
Interest & other costs	−0.33
Tax	−0.28
Net profit	1.16	4% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends May 2, 2025).
Item	Value	Share of revenue	Year over year
Revenue	23.4	100%	+5%
Commercial	11.0	47%
Servers & networking	6.3	27%
Storage	4.0	17%
Consumer	1.5	6%
Other	0.6	3%
Cost of revenue	−18.4	79%
Gross profit	4.9	21% margin	−1pp
R&D	−0.8	3%	+0pp
SG&A	−3.0	13%	−1pp
Operating profit	1.2	5% margin	+1pp
Interest & other costs	−0.1
Tax	−0.1
Net profit	1.0	4% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY27 May 2 – Jul 31, 2026 reported Sep 8, 2026 Operating margin 11% Net profit $4.1B	May 2 – Jul 31, 2026	Sep 8, 2026	$47.0B	+58%	11%	$4.1B	9%
Q1 FY27 Jan 31 – May 1, 2026 reported Jun 9, 2026 Operating margin 8% Net profit $3.4B	Jan 31 – May 1, 2026	Jun 9, 2026	$43.8B	+88%	8%	$3.4B	8%
Q4 FY26 Nov 1, 2025 – Jan 30, 2026 reported Mar 16, 2026 Operating margin 9% Net profit $2.3B	Nov 1, 2025 – Jan 30, 2026	Mar 16, 2026	$33.4B	+39%	9%	$2.3B	7%
Q3 FY26 Aug 2 – Oct 31, 2025 reported Dec 9, 2025 Operating margin 8% Net profit $1.5B	Aug 2 – Oct 31, 2025	Dec 9, 2025	$27.0B	+11%	8%	$1.5B	6%
Q2 FY26 May 3 – Aug 1, 2025 reported Sep 8, 2025 Operating margin 6% Net profit $1.2B	May 3 – Aug 1, 2025	Sep 8, 2025	$29.8B	+19%	6%	$1.2B	4%
Q1 FY26 Feb 1 – May 2, 2025 reported Jun 10, 2025 Operating margin 5% Net profit $1.0B	Feb 1 – May 2, 2025	Jun 10, 2025	$23.4B	+5%	5%	$1.0B	4%