Dell Technologies Q1 FY27: 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
- Jan 31 – May 1, 2026
- Reported
- Jun 9, 2026
Revenue$43.84B
+88% year over year
Gross profit$7.78B
18% margin
Operating profit$3.66B
8% margin
Net profit$3.44B
8% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 43.84 | 100% | +88% |
| AI-optimized servers | 16.13 | 37% | |
| Commercial | 13.02 | 30% | |
| Traditional servers | 8.54 | 19% | |
| Storage | 4.33 | 10% | |
| Consumer | 1.59 | 4% | |
| Other | 0.22 | 0% | |
| Cost of revenue | −36.06 | 82% | |
| Gross profit | 7.78 | 18% margin | −3pp |
| R&D | −0.98 | 2% | −1pp |
| SG&A | −3.14 | 7% | −6pp |
| Operating profit | 3.66 | 8% margin | +3pp |
| Other income, net | 0.29 | ||
| Tax | −0.51 | ||
| Net profit | 3.44 | 8% margin | +4pp |
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