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

Dell Technologies Inc.

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%

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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

Insider Decisions trades per month

Total sells 3,505.02

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	—	23	6	—	80	16	1	55	10

Insider Ownership 54.63%

Capital & Financial Ratios $m

Market Cap 300,990.00

Revenue 151,197.00

Net Income 11,378.00

Free Cash Flow 8,560.00

Net Debt 14,416.00

Current Ratio 0.96

Debt/Equity (18.21)

P/E ratio 26.02

Fwd P/E 22.90

P/S ratio 1.93

P/B ratio 0.00

Past 5Y EPS Growth 15.52%

This Y EPS Growth 151.39%

Next Y EPS Growth 19.45%

Next Y revenue growth 70.38%

Next 5Y EPS Growth 50.89%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 90.35%

10-year low 10-year high

P/S against its own 10 years 97.03%

10-year low 10-year high

EV/Sales against its own 10 years 97.03%

10-year low 10-year high

EV/FCF against its own 10 years 87.83%

10-year low 10-year high

Dividends

Payout Ratio 0.17

Annual Dividend Rate 2.94

Annual Dividend Yield 0.65%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	2.08	0.53 0.63 0.63 0.63
2025	2.02	0.45 0.53 0.53 0.53
2024	1.71	0.37 0.45 0.45 0.45
2023	1.44	0.33 0.37 0.37 0.37
2022	0.99	0.33 0.33 0.33
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	7,366	3,633	11,528	11,569
Receivables	13,986	15,602	26,043	35,723
Inventory	3,622	6,716	10,437	21,290
Other	11,010	10,278	9,594	11,965
	35,984	36,229	57,602	80,547

	2024	2025	2026	Q'26
Payables	19,226	20,832	33,630	49,723
ST’ Debt	—	—	—	—
Other	—	221	—	—
	48,354	46,527	63,269	83,703

Compound Annual Growth %

	10y	5y	3y
Sales	8.35%	5.55%	3.53%
Cash Flow	17.86%	(0.39%)	46.39%
Earnings	0.00%	12.80%	34.46%
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Apr	Jul	Oct	Jan	Year
’26	43,842	46,971	—	—	—
’26	23,378	29,776	27,005	33,379	113,538
’25	22,244	25,026	24,366	23,931	95,567
’24	20,922	22,934	22,251	22,318	88,425
’23	26,116	26,425	24,721	25,039	102,301
’22	22,590	24,191	26,424	27,992	101,197
’21	21,897	22,733	23,482	18,558	86,670

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Apr	Jul	Oct	Jan	Year
’26	4,081	2,225	—	—	—
’26	2,796	2,543	1,172	4,674	11,185
’25	1,043	1,340	1,553	585	4,521
’24	1,777	3,214	2,152	1,533	8,676
’23	(269)	724	396	2,714	3,565
’22	2,238	1,725	3,251	3,093	10,307
’21	(796)	3,332	2,994	5,877	11,407

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Apr	Jul	Oct	Jan	Year
’26	3,118	986	—	—	—
’26	2,228	1,868	503	3,953	8,552
’25	447	658	914	(150)	1,869
’24	1,076	2,590	1,321	933	5,920
’23	(959)	(83)	(351)	1,955	562
’22	1,613	1,093	2,452	2,353	7,511
’21	(1,355)	2,787	2,514	5,379	9,325

Fiscal quarters ending in the months shown.

EPS $

	Apr	Jul	Oct	Jan	Year
’26	5.24	6.34	—	—	—
’26	1.37	1.70	2.28	3.37	8.68
’25	1.32	1.17	1.58	2.15	6.38
’24	0.79	0.63	1.36	1.59	4.36
’23	1.37	0.68	0.33	0.84	3.24
’22	1.13	1.05	4.87	0.00	7.02
’21	0.19	1.37	1.08	1.57	4.22

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	15.19	18.23	21.30	12.93	35.57	32.90	35.96	74.32	66.25	110.22	Analyst estimates 2027–2029 Powerpack
	High	23.79	30.09	35.76	38.21	59.49	61.54	77.45	179.70	168.08	595.51
People
People	Employees	138,000	145,000	157,000	165,000	158,000	133,000	133,000	120,000	108,000	97,000
	Revenue/emp, $m	0.45	0.55	0.58	0.51	0.55	0.76	0.77	0.74	0.88	1.17
Income, $m
Income, $m	Revenue	62,164	79,040	90,621	84,815	86,670	101,197	102,301	88,425	95,567	113,538
	Gross margin, %	21.96	25.98	27.65	24.33	23.24	21.63	22.18	23.83	22.24	20.00
	EBT	(4,494)	(4,769)	(2,361)	(51)	2,346	5,923	3,225	4,087	5,048	7,263
	EBT margin, %	(7.23)	(6.03)	(2.61)	(0.06)	2.71	5.85	3.15	4.62	5.28	6.40
	Net income	(1,158)	(2,926)	(2,181)	5,529	3,505	5,707	2,422	3,372	4,576	5,936
	Depreciation	5,206	8,634	7,746	6,143	5,390	4,551	3,156	3,303	3,123	3,029
Per share, $
Per share, $	Revenue	90.49	102.65	116.03	117.15	116.49	132.80	139.37	122.81	135.56	168.20
	Earnings	(4.22)	(3.80)	(2.79)	6.38	4.37	7.30	3.33	4.36	6.38	8.68
	Cash flow	3.45	8.89	8.95	12.83	15.33	13.53	4.86	12.05	6.41	16.57
	Capex	(1.28)	(2.25)	(1.92)	(3.56)	(2.80)	(3.67)	(4.09)	(3.83)	(3.76)	(3.90)
	Free cash flow	2.16	6.63	7.03	9.27	12.53	9.86	0.77	8.22	2.65	12.67
	Book value	27.67	22.71	(1.21)	4.36	10.15	(2.07)	(4.12)	(2.96)	(1.97)	(3.66)
	Shares, m	687	770	781	724	744	762	734	720	705	675
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	3.64	8.62	7.80	12.27	18.75	16.58	13.67
	P/S	0.20	0.20	0.21	0.21	0.32	0.43	0.29	0.67	0.76	0.71
	P/B	0.64	0.89	0.00	5.67	3.69	0.00	0.00	0.00	0.00	0.00
	EV/Sales	0.70	0.55	0.65	0.62	0.59	0.54	0.43	0.81	0.93	0.81
	EV/FCF	29.47	8.49	10.70	7.88	5.50	7.32	78.69	12.05	47.49	10.81
Cash, $m
Cash, $m	Operating cash flow	2,367	6,843	6,991	9,291	11,407	10,307	3,565	8,676	4,521	11,185
	Capex	(882)	(1,736)	(1,497)	(2,576)	(2,082)	(2,796)	(3,003)	(2,756)	(2,652)	(2,633)
	Free cash flow	1,485	5,107	5,494	6,715	9,325	7,511	562	5,920	1,869	8,552
Balance, $m
Balance, $m	Working capital	(7,362)	(5,511)	(8,834)	(15,588)	(10,565)	(11,186)	(9,303)	(12,370)	(10,298)	(5,667)
	Total debt	43,061	43,998	49,201	44,319	32,865	21,131	23,015	19,012	19,363	23,513
	Net debt	31,612	27,869	39,525	35,017	23,357	11,654	14,408	11,646	15,730	11,985
	Shareholders’ equity	19,009	17,485	(942)	3,155	7,553	(1,580)	(3,025)	(2,132)	(1,387)	(2,470)
Returns, %
Returns, %	ROA	(1.43)	(2.35)	(1.96)	4.00	2.68	5.15	2.68	3.95	5.67	6.56
	ROIC	(2.95)	(3.33)	(0.31)	3.87	7.45	28.90	31.69	35.55	27.18	53.53
	ROE	(11.40)	(15.61)	(27.93)	417.17	60.70	186.27	(106.06)	(131.39)	(260.98)	(307.80)

Negative figures in brackets.

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DELL Dell Technologies Inc.	$301.0B	26.0×	22.9×	+57.75% (above 0%: growing)	+277.06% (above 0%: growing)	−47.22% (below 0%: shrinking)	20.93%	11.46%
ANET Arista Networks, Inc.	$234.1B	55.1×	46.1×	+37.69% (above 0%: growing)	+35.21% (above 0%: growing)	−10.44% (below 0%: shrinking)	62.93%	45.39%	Compare
SNDK Sandisk Corporation	$201.6B	16.7×	8.7×	+371.59% (above 0%: growing)	n/m	+14,355.10% (above 0%: growing)	84.57%	78.49%	Compare
STX Seagate Technology Holdings PLC	$157.1B	44.2×	34.0×	+48.49% (above 0%: growing)	+150.00% (above 0%: growing)	+163.06% (above 0%: growing)	52.30%	42.96%	Compare
WDC Western Digital Corporation	$133.4B	12.3×	30.5×	+43.84% (above 0%: growing)	+1,070.51% (above 0%: growing)	+89.78% (above 0%: growing)	54.12%	41.71%	Compare
P Everpure, Inc.	$44.5B	163×	76.9×	+37.73% (above 0%: growing)	+57.14% (above 0%: growing)	−258.26% (below 0%: shrinking)	68.42%	5.33%	Compare
HPQ HP Inc.	$27.8B	11.3×	11.3×	+12.53% (above 0%: growing)	−11.11% (below 0%: shrinking)	+7.05% (above 0%: growing)	18.79%	5.69%	Compare
SMCI Super Micro Computer, Inc.	$23.1B	8.8×	14.6×	+93.16% (above 0%: growing)	+454.55% (above 0%: growing)	−12.95% (below 0%: shrinking)	17.47%	13.38%	Compare
LOGI Logitech International S.A.	$15.1B	19.0×	—	+6.93% (above 0%: growing)	+65.66% (above 0%: growing)	+37.82% (above 0%: growing)	49.54%	21.07%	Compare
Median of peers	$88.9B	17.9×	30.5×	+40.79%	+65.66%	+22.44%	53.21%	31.39%

All 38 Computer Hardware stocks →

Dell Technologies Inc. (DELL) key facts

Strength: Dell Technologies Inc.’s revenue for fiscal 2026 (year ended January 2026) was $113.5 billion, up 18.8% from fiscal 2025.
Dell Technologies Inc. (DELL) is a Computer Hardware company in the Technology sector, listed on the New York Stock Exchange.
As of October 16, 2026, DELL traded at $451.71, a market capitalization of $301.0 billion.
Dell Technologies Inc. pays an annual dividend of $2.94 per share, a yield of 0.65%, with a payout ratio of 17.1%.
Return on equity was −307.8% and debt-to-equity -18.21.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.81 (grey zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Financial Analysis (summary)

Updated 25 September 2026

Dell Technologies reported revenue of $113.5 billion in FY2026 and net income of $5.9 billion in FY2026. Operating income was $8.1 billion in FY2026, while free cash flow was $8.6 billion in FY2026. Revenue was $47.0 billion in Q2 FY2027, with net income of $4.1 billion in Q2 FY2027.

The balance sheet showed total debt of $23.5 billion in FY2026, net debt of $12.0 billion in FY2026, and shareholders’ equity of −$2.5 billion in FY2026. As of September 24, 2026, market capitalisation was $345.7 billion and the P/E was 30.9×.

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