Dell Technologies Q2 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
- May 2 – Jul 31, 2026
- Reported
- Sep 8, 2026
Revenue$46.97B
+58% year over year
Gross profit$9.83B
21% margin
Operating profit$5.39B
11% margin
Net profit$4.13B
9% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 46.97 | 100% | +58% |
| Infrastructure solutions | 31.78 | 68% | |
| Client solutions | 15.03 | 32% | |
| Other and unallocated | 0.16 | 0% | |
| Cost of revenue | −37.14 | 79% | |
| Gross profit | 9.83 | 21% margin | +3pp |
| R&D | −1.11 | 2% | +0pp |
| SG&A | −3.34 | 7% | −3pp |
| Operating profit | 5.39 | 11% margin | +6pp |
| Interest & other costs | −0.25 | ||
| Tax | −1.00 | ||
| Net profit | 4.13 | 9% margin | +5pp |
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