Dell Technologies Q2 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
- May 3 – Aug 1, 2025
- Reported
- Sep 8, 2025
Revenue$29.78B
+19% year over year
Gross profit$5.45B
18% margin
Operating profit$1.77B
6% margin
Net profit$1.16B
4% margin
The numbers
| 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 |
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