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DELL (Dell Technologies Inc.) Stock Financials & Earnings | Market Cap Arena
DELL
Dell Technologies Inc.
Mkt Cap
$97B
Technology
·
Computer Hardware
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$113.5B
Net Income (TTM)
$5.9B
EPS (TTM)
$8.50
Free Cash Flow (TTM)
$8.6B
Gross Margin
20.0%
Op. Margin
7.2%
Net Margin
5.2%
FCF Margin
7.5%
P/S Ratio (TTM)
0.9x
P/E Ratio (TTM)
16.4x
YoY Rev Growth
+19.0%
Employees
—
Earnings Reports
▶
Q4 2026
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 24
$20.9B
$5.0B
$1.1B
Q2 24
$22.9B
$5.4B
$1.2B
Q3 24
$22.3B
$5.1B
$1.5B
Q4 24
$22.3B
$5.3B
$1.5B
Q1 25
$22.2B
$4.9B
$965M
Q2 25
$25.0B
$5.3B
$1.3B
Q3 25
$24.4B
$5.3B
$1.7B
Q4 25
$23.8B
$5.5B
$2.2B
Q1 26
$23.4B
$4.9B
$1.2B
Q2 26
$29.8B
$5.4B
$1.8B
Q3 26
$27.0B
$5.7B
$2.1B
Q4 26
$33.4B
$6.6B
$3.1B
marketcaparena.com
Revenue Breakdown
DELL
Dell Technologies Inc.
Revenue Breakdown
Q4 2026
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 24
1.0x
49.8x
Q2 24
1.0x
51.1x
Q3 24
1.1x
36.5x
Q4 24
1.1x
30.3x
Q1 25
1.1x
26.8x
Q2 25
1.1x
24.3x
Q3 25
1.0x
23.5x
Q4 25
1.0x
21.6x
Q1 26
1.0x
21.7x
Q2 26
1.0x
20.3x
Q3 26
0.9x
18.7x
Q4 26
0.9x
16.4x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 24
$1.8B
$1.1B
Q2 24
$3.2B
$2.6B
Q3 24
$2.2B
$1.4B
Q4 24
$1.5B
$806M
Q1 25
$1.0B
$447M
Q2 25
$1.3B
$658M
Q3 25
$1.6B
$914M
Q4 25
$585M
-$150M
Q1 26
$2.8B
$2.2B
Q2 26
$2.5B
$1.9B
Q3 26
$1.2B
$503M
Q4 26
$4.7B
$4.0B
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 24
$701M
Q2 24
$624M
Q3 24
$704M
Q4 24
$727M
Q1 25
$596M
Q2 25
$682M
Q3 25
$639M
Q4 25
$735M
Q1 26
$568M
Q2 26
$675M
Q3 26
$669M
Q4 26
$721M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 24
-19.9%
-19.2%
Q2 24
-13.2%
-13.5%
Q3 24
-10.0%
-9.6%
Q4 24
-10.9%
-12.7%
Q1 25
+6.3%
+7.2%
Q2 25
+9.1%
+8.8%
Q3 25
+9.5%
+9.3%
Q4 25
+6.7%
+3.9%
Q1 26
+5.1%
+4.4%
Q2 26
+19.0%
+18.2%
Q3 26
+10.8%
+9.6%
Q4 26
+40.2%
+39.9%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 24
$225M
1.1%
Q2 24
$223M
1.0%
Q3 24
$227M
1.0%
Q4 24
$203M
0.9%
Q1 25
$210M
0.9%
Q2 25
$191M
0.8%
Q3 25
$198M
0.8%
Q4 25
$186M
0.8%
Q1 26
$190M
0.8%
Q2 26
$179M
0.6%
Q3 26
$165M
0.6%
Q4 26
$0
0.0%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
SG&A
Quarter
R&D
G&A
S&M
SG&A
Q1 24
$688M
—
—
$3.3B
Q2 24
$705M
—
—
$3.5B
Q3 24
$692M
—
—
$3.0B
Q4 24
$716M
$2.1B
$900M
—
Q1 25
$763M
—
—
$3.1B
Q2 25
$780M
—
—
$3.2B
Q3 25
$745M
—
—
$2.9B
Q4 25
$773M
—
—
$2.6B
Q1 26
$808M
—
—
$3.0B
Q2 26
$785M
—
—
$2.9B
Q3 26
$752M
—
—
$2.7B
Q4 26
$797M
—
—
$2.8B
marketcaparena.com
Revenue Segments
Client Solutions
Infrastructure Solutions Group
Other Segments
Corporate, Non-Segment
Quarter
Client Solutions
Infrastructure Solutions Group
Other Segments
Corporate, Non-Segment
Q1 24
$12.0B
$7.6B
$1.3B
—
Q2 24
$12.9B
$8.5B
$1.5B
—
Q3 24
$12.3B
$8.5B
$1.5B
—
Q1 25
$12.0B
$9.2B
$1.0B
$1M
Q2 25
$12.4B
$11.6B
$966M
—
Q3 25
$12.1B
$11.4B
$867M
—
Q1 26
—
—
$22.8B
$552M
Q2 26
—
—
$29.3B
$473M
Q3 26
—
—
$26.6B
$420M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 24
$7.6B
$0
$7.6B
Q2 24
$8.4B
$0
$8.4B
Q3 24
$8.3B
$0
$8.3B
Q4 24
$7.4B
$0
$7.4B
Q1 25
$5.8B
$0
$5.8B
Q2 25
$4.5B
$0
$4.5B
Q3 25
$5.2B
$0
$5.2B
Q4 25
$3.6B
$0
$3.6B
Q1 26
$7.7B
$0
$7.7B
Q2 26
$8.3B
$0
$8.3B
Q3 26
$9.6B
$0
$9.6B
Q4 26
$11.5B
$0
$11.5B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 24
737M
+0.3%
Q2 24
738M
+0.1%
Q3 24
740M
+0.3%
Q4 24
730M
-1.4%
Q1 25
727M
-0.4%
Q2 25
724M
-0.4%
Q3 25
724M
+0.0%
Q4 25
713M
-1.5%
Q1 26
702M
-1.5%
Q2 26
702M
+0.0%
Q3 26
702M
+0.0%
Q4 26
702M
+0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 15
—
—
FY 16
—
—
FY 17
—
—
FY 18
$573K
138K
FY 19
$625K
145K
FY 20
$514K
165K
FY 21
$549K
158K
FY 22
$761K
133K
FY 23
$769K
133K
FY 24
$737K
120K
FY 25
$885K
108K
FY 26
$1M
108K
marketcaparena.com