COVERAGE / DELL / Technology

Dell Technologies Inc.

Electronic Computers

COVERAGE STATUSACTIVE

DATA THROUGH2026-01-30

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2026-01-30 · Prior / 2025-01-31 · USD · Annual periods

Revenue

$113.54bn

Prior / $95.57bn

Change / +18.80%

SOURCE / 2026-03-16

Operating income

$8.15bn

Prior / $6.24bn

Change / +30.66%

SOURCE / 2026-03-16

Net income

$5.94bn

Prior / $4.59bn

Change / +29.27%

SOURCE / 2026-03-16

Diluted EPS

$8.68

Prior / $6.38

Change / +36.05%

SOURCE / 2026-03-16

Free cash flow

$8.55bn

Prior / $1.87bn

Change / +357.57%

SOURCE / 2026-03-16

Gross margin

20.00%

Prior / 22.24%

Change / -2.24 pp

SOURCE / 2026-03-16

Operating margin

7.18%

Prior / 6.53%

Change / +0.65 pp

SOURCE / 2026-03-16

Return on avg. equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / 2026-03-16

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-02-01",
    "end": "2026-01-30",
    "val": 113538000000,
    "accn": "0001571996-26-000008",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-16",
    "frame": "CY2025",
    "tag": "us-gaap:Revenues",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-02-01",
    "end": "2026-01-30",
    "val": 5936000000,
    "accn": "0001571996-26-000008",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-16",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "grossProfit": {
    "start": "2025-02-01",
    "end": "2026-01-30",
    "val": 22707000000,
    "accn": "0001571996-26-000008",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-16",
    "frame": "CY2025",
    "tag": "us-gaap:GrossProfit",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-02-01",
    "end": "2026-01-30",
    "val": 8149000000,
    "accn": "0001571996-26-000008",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-16",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-02-01",
    "end": "2026-01-30",
    "val": 8.68,
    "accn": "0001571996-26-000008",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-16",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-02-01",
    "end": "2026-01-30",
    "val": 11185000000,
    "accn": "0001571996-26-000008",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-16",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-02-01",
    "end": "2026-01-30",
    "val": 2633000000,
    "accn": "0001571996-26-000008",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-16",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2026-01-30",
    "val": 101286000000,
    "accn": "0001571996-26-000008",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-16",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2026-01-30",
    "val": 103756000000,
    "accn": "0001571996-26-000008",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-16",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2026-01-30",
    "val": -2470000000,
    "accn": "0001571996-26-000008",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-16",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2026-01-30",
    "val": 57602000000,
    "accn": "0001571996-26-000008",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-16",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2026-01-30",
    "val": 63269000000,
    "accn": "0001571996-26-000008",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-16",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2026-01-30	$113.54bn	$5.94bn	$8.55bn	$8.68
2025-01-31	$95.57bn	$4.59bn	$1.87bn	$6.38
2024-02-02	$88.43bn	$3.39bn	$5.92bn	$4.60
2023-02-03	$102.3bn	$2.44bn	$0.56bn	$3.24

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2026-01-30. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	67.79x	Unavailable	47.78x	16
P/S	Unavailable	Unavailable	12.58x	14
P/B	Unavailable	Unavailable	14.12x	13
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	Unavailable	Unavailable	1.72%	11

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 588.4,
  "tradingDate": "2026-09-17",
  "marketCap": null,
  "source": "Yahoo Finance completed daily-bar snapshot; not live"
}

Company & operating context

Dell Technologies Inc. is an SEC-reporting issuer listed on NYSE under DELL. Its SEC industry description is Electronic Computers. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Product cycles, recurring software revenue and infrastructure investment shape this broad group. Hardware and software businesses have different cost structures.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-03-16PERIOD / 2026-01-30

DELL filed this 10-K on 2026-03-16 for the reported period 2026-01-30. Reading focus: Revenue mix, research spending, inventory and cash conversion. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0052DELLCompany Research

DELL: reading the FY2026 financial structure ↗

Dell Technologies Inc.

Research abstract

Annual revenue of USD 113.538 billion and net income of USD 5.936 billion for the period ended 2026-01-30.

DATA THROUGH2026-01-302 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Customer concentration, product transitions, export restrictions and the durability of capital spending.

Revenue mix, research spending, inventory and cash conversion.

TECHNOLOGY SYSTEM ↗

Sources & dates

SEC annual filing · 2026-01-30 ↗Source date 2026-03-16
SEC annual filing · 2025-01-31 ↗Source date 2026-03-16
SEC annual filing · 2024-02-02 ↗Source date 2026-03-16
SEC annual filing · 2023-02-03 ↗Source date 2025-03-25
SEC issuer record ↗Source date 2026-09-18