Dell Technologies Q1 FY26: where the revenue came from and where it went
The whole income statement of Dell Technologies for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Feb 1 – May 2, 2025
- Reported
- Jun 10, 2025
Revenue$23.4B
+5% year over year
Gross profit$4.9B
21% margin
Operating profit$1.2B
5% margin
Net profit$1.0B
4% margin
The numbers
| 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 |
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