FINHUB Insights

DELL · Q1 FY26 · Feb 1 – May 2, 2025

Dell Technologies Q1 FY26: where the revenue came from and where it went

Dell Technologies Q1 FY26: revenue $23.4B (+5% year over year). Net profit $1B. Largest cohort Commercial $11B. The whole income statement as a sankey diagram from the SEC filing.

Period
Feb 1 – May 2, 2025
Reported
Jun 10, 2025 10-Q
Sankey diagram of Dell Technologies's income statement for Q1 FY26: revenue of $23.4 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$23.4B +5% year over year
Gross profit$4.9B 21% margin
Operating profit$1.2B 5% margin
Net profit$1B 4% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends May 2, 2025).
ItemValueShare of revenueYear over year
Revenue 23.4 100% +5%
Commercial 11 47%
Servers and networking 6.3 27%
Storage 4 17%
Consumer 1.5 6%
Other 0.6 3%
Cost of revenue−18.479%
Gross profit4.921% margin−1pp
Research & development−0.83%+0pp
SG&A−313%−1pp
Operating profit1.25% margin+1pp
Tax−0.1
Interest & other costs−0.1
Net profit14%+0pp
Filing on EDGAR More quarters of DELL

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters