Dell Technologies Inc. DELL

562.89 26.87 5.01% as of 25 Sep
Market cap
$348.7B
P/E
32.4×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

Annual

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

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 25

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%
IONQ IonQ, Inc. compare 29.3%
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 46.3%

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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