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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) Operating margin

Alert me on Operating margin

Dell Technologies Inc.'s operating margin over the twelve months to 31 July 2026 was 9.43%, up 2.2 percentage points from fiscal 2026 (7.18%). Over the past ten years it has ranged from −3.84% (fiscal 2017) to 7.18% (fiscal 2026) — the current reading is the highest in ten years. That is above the Computer Hardware industry median of −0.80% and above the Technology sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 7.18% 0.65
FY2025 6.53% 0.41
FY2024 6.12% 0.48
FY2023 5.64% 1.04
FY2022 4.60% 0.35
FY2021 4.25% 1.46
FY2020 2.79% 3.00
FY2019 −0.21% 2.85
FY2018 −3.06% 0.78
FY2017 −3.84% (2.83)

Quarterly newest first

Period Operating margin Change (points)
Jul 2026 11.5% 3.12
Apr 2026 8.34% (0.92)
Jan 2026 9.26% 1.41
Oct 2025 7.85% 1.90
42 more quarters

Against its own ten years

Low −3.84% High 7.18%
Ten-year median 3.52%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
SNDK Sandisk Corporation compare 61.2%
ANET Arista Networks, Inc. compare 43.1%
WDC Western Digital Corporation compare 34.5%
STX Seagate Technology Holdings PLC compare 33.6%
LOGI Logitech International S.A. compare 17.7%
DELL Dell Technologies Inc. 9.43%
SMCI Super Micro Computer, Inc. compare 7.09%
HPQ HP Inc. compare 5.45%
P Everpure, Inc. compare 5.26%
Computer Hardware industry median −0.80%
Technology sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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