Dell Technologies Inc.
Income Statement
| Line Item | Jul 2026 | May 2026 | Jan 2026 | Oct 2025 | Aug 2025 | May 2025 | Jan 2025 | Nov 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $46.97B | $43.84B | $33.38B | $27.01B | $29.78B | $23.38B | $23.93B | $24.37B |
| Cost of Revenue | $37.14B | $36.06B | $26.65B | $21.41B | $24.33B | $18.44B | $18.25B | $19.01B |
| Gross Profit | $9.83B | $7.78B | $6.73B | $5.59B | $5.45B | $4.94B | $5.68B | $5.36B |
| Gross Margin | 20.9% | 17.8% | 20.2% | 20.7% | 18.3% | 21.1% | 23.7% | 22.0% |
| Operating Expenses | ||||||||
| Research & Development | $1.11B | $983.0M | $797.0M | $752.0M | $785.0M | $808.0M | $773.0M | $745.0M |
| SG&A Expense | $3.34B | $3.14B | $2.84B | $2.72B | $2.89B | $2.96B | $2.75B | $2.89B |
| Operating Income | $5.39B | $3.66B | $3.09B | $2.12B | $1.77B | $1.17B | $2.16B | $1.72B |
| Operating Margin | 11.5% | 8.3% | 9.3% | 7.8% | 6.0% | 5.0% | 9.0% | 7.1% |
| Interest Expense | $400.0M | — | — | — | $400.0M | — | — | — |
| Pretax Income | $5.13B | $3.95B | $2.80B | $1.94B | $1.44B | $1.08B | $1.97B | $1.45B |
| Income Tax Expense | $998.0M | $510.0M | $540.0M | $393.0M | $276.0M | $118.0M | $440.0M | $275.0M |
| Net Income | $4.13B | $3.44B | $2.26B | $1.55B | $1.16B | $965.0M | $1.53B | $1.18B |
| Net Margin | 8.8% | 7.8% | 6.8% | 5.7% | 3.9% | 4.1% | 6.4% | 4.8% |
| EPS (Basic) | $6.41 | $5.30 | $3.37 | $2.31 | $1.72 | $1.39 | $2.19 | $1.67 |
| EPS (Diluted) | $6.34 | $5.24 | $3.33 | $2.28 | $1.70 | $1.37 | $2.15 | $1.64 |
| Shares Outstanding (Basic) | 645.0M | 649.0M | 675.0M | 671.0M | 678.0M | 692.0M | 705.0M | 703.0M |
| Shares Outstanding (Diluted) | 652.0M | 656.0M | 684.0M | 680.0M | 686.0M | 702.0M | 720.0M | 717.0M |
| Dividends Per Share | $0.63 | $0.63 | $0.53 | $0.53 | $0.53 | $0.53 | $0.45 | $0.45 |