Dell Technologies (DELL): financials, SEC filings and peers
Dell Technologies (DELL) is a technology hardware, storage & peripherals company in the Information Technology sector of the S&P 500, headquartered in Round Rock, Texas.
It was founded in 2016 and joined the S&P 500 on September 23, 2024.
Its fiscal year ends in January, and its shares trade on the NYSE.
In its SEC filings it is classified as “Electronic Computers”.
Dell Technologies at a glance
- Revenue (12 months)
- $151.2B
- Revenue growth
- +49.0%
- Operating margin
- 9.4%
- Net income (12 months)
- $11.4B
- Free cash flow (12 months)
- $8.6B
- Cash
- $11.6B
- Debt
- $34.5B
- Diluted EPS (12 months)
- $17.20
Twelve months to July 31, 2026, from the 10-Q filed September 8, 2026.
Latest twelve months
Over the twelve months to July 31, 2026, Dell Technologies reported revenue of $151.2 billion, up a strong 49.0% from $101.5 billion a year earlier.
Its operating margin was 9.4%, up 2.7 percentage points from a year earlier: for every $100 of sales, about $9 was left as operating profit.
Net income was $11.4 billion (7.5% of revenue), 135.2% higher than a year earlier.
Operating cash flow was $12.2 billion and capital spending $3.6 billion, leaving free cash flow of $8.6 billion (5.7% of revenue).
At the end of the period it held $11.6 billion in cash and $34.5 billion in debt, a net debt position of $22.9 billion.
The diluted share count fell 5.0% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $86.7 billion in fiscal 2021 to $113.5 billion in fiscal 2026, about 5.5% a year.
- Operating margin widened from 4.3% to 7.2% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $101.2B | $102.3B | $88.4B | $95.6B | $113.5B |
| Revenue growth | 16.8% | 1.1% | -13.6% | 8.1% | 18.8% |
| Operating margin | 4.6% | 5.6% | 6.1% | 6.5% | 7.2% |
| Net income | $5.6B | $2.4B | $3.4B | $4.6B | $5.9B |
| Free cash flow | $7.5B | $562M | $5.9B | $1.9B | $8.6B |
| Diluted EPS | — | $3.24 | $4.60 | $6.38 | $8.68 |
Fiscal years as reported in Dell Technologies’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 15, 2026 — Material agreement; New debt obligation
Companies like Dell Technologies
Other S&P 500 companies in Technology Hardware, Storage & Peripherals:
- AAPLApple Inc.Cupertino, California
- HPEHewlett Packard EnterpriseHouston, Texas
- HPQHP Inc.Palo Alto, California
- NTAPNetAppSan Jose, California
- PEverpureSanta Clara, California
- SMCISupermicroSan Jose, California
- SNDKSandiskMilpitas, California
- STXSeagate TechnologyDublin, Ireland
More from Information Technology
Questions about Dell Technologies
Is Dell Technologies's revenue growing?
Yes. Revenue for the twelve months to July 31, 2026 was $151.2 billion, up 49.0% from a year earlier, according to its SEC filings.
Is Dell Technologies profitable?
Yes. It earned $11.4 billion in net income over the twelve months to July 31, 2026, a net margin of 7.5%.
Does Dell Technologies have more cash or more debt?
At July 31, 2026 it had $11.6 billion in cash and $34.5 billion in debt, so more debt than cash.
Which companies are similar to Dell Technologies?
In the S&P 500, Dell Technologies is grouped in Technology Hardware, Storage & Peripherals within the Information Technology sector. Apple Inc. (AAPL), Hewlett Packard Enterprise (HPE), HP Inc. (HPQ), NetApp (NTAP), Everpure (P) are in the same group.
Understand the numbers
Source: Dell Technologies’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.