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.

Revenue
+57.8%
EPS
+277.1%
Free cash flow
−47.2%
Total debt
+20.7%

Quarter to July 2026, against a year earlier

329.40 12.49 +3.94%
Market cap
$201.5B
P/E
18.5×
Fwd P/E
17.5×
Dividend yield
0.75%
F-score
7/9
Altman Z
1.81
Beneish M
−2.18
Dividend safety
78/100

Dell Technologies Inc. (DELL) Gross margin

Alert me on 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 34.7% and below the Technology sector median of 46.9%.

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

Against its own ten years

Low 16.4% High 27.7%
Ten-year median 22.2%
Current reading's percentile 19

Gross margin against peers

Company Gross margin
SNDK Sandisk Corporation compare 80.0%
P Everpure, Inc. compare 69.7%
ANET Arista Networks, Inc. compare 62.9%
WDC Western Digital Corporation compare 52.6%
STX Seagate Technology Holdings PLC compare 50.4%
LOGI Logitech International S.A. compare 45.5%
HPQ HP Inc. compare 19.9%
DELL Dell Technologies Inc. 19.8%
SMCI Super Micro Computer, Inc. compare 11.7%
Computer Hardware industry median 34.7%
Technology sector median 46.9%
Market median 45.1%

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

The full definition of Gross margin →

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