Dell Technologies Q3 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
- Aug 2 – Oct 31, 2025
- Reported
- Dec 9, 2025
Revenue$27.01B
+11% year over year
Gross profit$5.59B
21% margin
Operating profit$2.12B
8% margin
Net profit$1.55B
6% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 27.01 | 100% | +11% |
| Infrastructure solutions | 14.11 | 52% | +24% |
| Client solutions group | 12.48 | 46% | +3% |
| Corporate & other | 0.42 | 2% | |
| Cost of revenue | −21.41 | 79% | |
| Gross profit | 5.59 | 21% margin | −1pp |
| R&D | −0.75 | 3% | +0pp |
| SG&A | −2.72 | 10% | −2pp |
| Operating profit | 2.12 | 8% margin | +1pp |
| Interest & other costs | −0.18 | ||
| Tax | −0.39 | ||
| Net profit | 1.55 | 6% margin | +1pp |
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