FINHUB Insights

DELL · Q2 FY26 · May 3 – Aug 1, 2025

Dell Technologies Q2 FY26: where the revenue came from and where it went

Dell Technologies Q2 FY26: revenue $29.8B (+19% year over year). Net profit $1.2B. Largest cohort Infrastructure Solutions Group $16.8B. The whole income statement as a sankey diagram from the SEC filing.

Period
May 3 – Aug 1, 2025
Reported
Sep 8, 2025 10-Q
Sankey diagram of Dell Technologies's income statement for Q2 FY26: revenue of $29.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$29.8B +19% year over year
Gross profit$5.4B 18% margin
Operating profit$1.8B 6% margin
Net profit$1.2B 4% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Aug 1, 2025).
ItemValueShare of revenueYear over year
Revenue 29.8 100% +19%
Infrastructure Solutions Group 16.8 56% +44%
Client Solutions Group 12.5 42% +1%
Corporate and other 0.5 2%
Cost of revenue−24.382%
Gross profit5.418% margin−3pp
Research & development−0.83%+0pp
SG&A−2.910%−3pp
Operating profit1.86% margin+0pp
Tax−0.3
Interest & other costs−0.3
Net profit1.24%+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.

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