FINHUB Insights

DELL · Q3 FY26 · Aug 2 – Oct 31, 2025

Dell Technologies Q3 FY26: where the revenue came from and where it went

Dell Technologies Q3 FY26: revenue $27B (+11% year over year). Net profit $1.5B. Largest cohort Infrastructure Solutions Group $14.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Aug 2 – Oct 31, 2025
Reported
Dec 9, 2025 10-Q
Sankey diagram of Dell Technologies's income statement for Q3 FY26: revenue of $27 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$27B +11% year over year
Gross profit$5.6B 21% margin
Operating profit$2.1B 8% margin
Net profit$1.5B 6% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Oct 31, 2025).
ItemValueShare of revenueYear over year
Revenue 27 100% +11%
Infrastructure Solutions Group 14.1 52% +24%
Client Solutions Group 12.5 46% +3%
Corporate and other 0.4 1%
Cost of revenue−21.479%
Gross profit5.621% margin−1pp
Research & development−0.83%+0pp
SG&A−2.710%−2pp
Operating profit2.18% margin+1pp
Tax−0.4
Interest & other costs−0.2
Net profit1.56%+1pp
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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