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.
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Dell Technologies Inc. (DELL) Gross margin
Dell Technologies Inc.'s gross margin over the twelve months to 31 July 2026 was 19.8%, down 0.2 percentage points from fiscal 2026 (20.0%). Over the past ten years it has ranged from 16.4% (fiscal 2015) to 27.7% (fiscal 2019); the current reading is higher than 25% of that period. That is below the Computer Hardware industry median of 37.8% and below the Technology sector median of 47.2%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2026 | 20.0% | (2.24) |
| FY2025 | 22.2% | (1.59) |
| FY2024 | 23.8% | 1.65 |
| FY2023 | 22.2% | 0.55 |
| FY2022 | 21.6% | (1.61) |
| FY2021 | 23.2% | (1.09) |
| FY2020 | 24.3% | (3.32) |
| FY2019 | 27.7% | 1.67 |
| FY2018 | 26.0% | 4.02 |
| FY2017 | 22.0% | 5.49 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jul 2026 | 20.9% | 3.18 |
| Apr 2026 | 17.8% | (2.41) |
| Jan 2026 | 20.2% | (0.55) |
| Oct 2025 | 20.7% | 2.42 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| SNDK Sandisk Corporation compare | 71.5% |
| P Everpure, Inc. compare | 69.7% |
| ANET Arista Networks, Inc. compare | 63.0% |
| WDC Western Digital Corporation compare | 48.9% |
| STX Seagate Technology Holdings PLC compare | 45.6% |
| LOGI Logitech International S.A. compare | 45.1% |
| HPQ HP Inc. compare | 19.9% |
| DELL Dell Technologies Inc. | 19.8% |
| SMCI Super Micro Computer, Inc. compare | 10.8% |
| Computer Hardware industry median | 37.8% |
| Technology sector median | 47.2% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on DELL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement