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Saturday 17 October 2026 Export DELL’s income statement to Excel — free account

Dell Technologies Inc.

DELL Technology Computer Hardware

Dell Technologies Inc.’s revenue for fiscal 2026 (year ended January 2026) was $113.5 billion, up 18.8% from fiscal 2025. In the quarter to July 2026, revenue grew 57.8%, EPS grew 277.1%, free cash flow fell 47.2% and total debt rose 20.7%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.

451.71 21.68 −4.58%
Market cap
$301.0B
P/E
26.0×
Fwd P/E
22.9×
Dividend yield
0.65%
F-score
7/9
Altman Z
1.81
Beneish M
−2.18
Dividend safety
78/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Dell Technologies Inc. (DELL) Debt to equity

Alert me on Debt to equity

Dell Technologies Inc.'s debt to equity at the end of the quarter to 31 July 2026 was −18.2×, down 8.7× from fiscal 2026 (−9.5×). Over the past ten years it has ranged from −52.2× (fiscal 2019) to 14.0× (fiscal 2020); the current reading is higher than 33% of that period. That is below the Computer Hardware industry median of 0.0× and below the Technology sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2026 −9.5× —
FY2025 −14.0× —
FY2024 −8.9× —
FY2023 −7.6× —
FY2022 −13.4× —
FY2021 4.4× (69.02%)
FY2020 14.0× —
FY2019 −52.2× —
FY2018 2.5× 11.08%
FY2017 2.3× (68.82%)

Quarterly newest first

Period Debt to equity Change
Jul 2026 −18.2× —
Apr 2026 −16.8× —
Jan 2026 −9.5× —
Oct 2025 −9.1× —
43 more quarters

Against its own ten years

Low −52.2× High 14.0×
Ten-year median −2.7×
Current reading's percentile 33

Debt to equity against peers

Company Debt to equity
HPQ HP Inc. compare −85.5×
DELL Dell Technologies Inc. −18.2×
ANET Arista Networks, Inc. compare 0.0×
SNDK Sandisk Corporation compare 0.0×
LOGI Logitech International S.A. compare 0.0×
P Everpure, Inc. compare 0.0×
WDC Western Digital Corporation compare 0.1×
SMCI Super Micro Computer, Inc. compare 0.6×
STX Seagate Technology Holdings PLC compare 1.6×
Computer Hardware industry median 0.0×
Technology sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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