Dell Technologies
DELL NYSE· Technology Hardware, Storage & Peripherals
Last close · Oct 27, 2026
$501.96
KIRA · Stoqly’s AI analyst, in plain words
- Dell Technologies had $113.5B of revenue in fiscal 2026, up 18.8% on the year before. Over five years, revenue changed +5.6% a year on average.
- Its operating margin was 7.2%, up 0.6 pts: of every 100 in sales, about 7 is left after running the business.
- Dell Technologies made $5.9B of net profit in fiscal 2026.
- Free cash flow was $8.6B in fiscal 2026, 7.5% of revenue.
- Dell Technologies returned $7.5B to shareholders in fiscal 2026, 87% of free cash flow. The diluted share count fell 5.0%.
- Dell Technologies owes $20.0B more than it holds in cash, about 1.8 years of operating profit.
Market cap
$327.3B
P/E
29.2x
Revenue
$113.5B
Net income
$5.9B
Free cash flow
$8.6B
Operating margin
7.2%
Dell Technologies in 30 seconds · fiscal 2026
Are sales growing?
+18.8%
Yes. Sales grew 18.8% last year.
Does it make a profit?
5.2%
A little. It keeps 5.2% of every sale as profit.
Does profit turn into cash?
7.5%
Partly. 7.5% of sales ends up as free cash.
Is debt under control?
1.8x
Keep an eye on it. Repaying its debt would take 1.8 years of operating profit.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
29.2x
One share costs 29.2 times its yearly profit per share. Typical for its sector: 33.5x.
What Dell Technologies does
Dell Technologies sells computers and the equipment that runs corporate data centers, to consumers, businesses, governments and not-for-profit groups in over 170 countries. It sells through its own sales force and through channel partners such as resellers and distributors, and it lets customers pay upfront, over time, or by subscription. It has two reportable segments. The Infrastructure Solutions Group sells servers (including servers built for artificial intelligence work), networking and storage, plus related software and services. About 65% of that segment's revenue comes from customers in the Americas. The Client Solutions Group sells Dell-brand notebooks, desktops and workstations, plus displays, docking stations and other accessories, along with services such as support and extended warranties. About 60% of that segment's revenue comes from the Americas.
Biggest risks, in its own words
- Dell can be hurt if demand for AI servers does not match its plans.
- Dell relies on outside suppliers, some of them the only source for key parts, so shortages could delay products.
- Competition from other computer makers and from large cloud providers.
- Dell depends heavily on its CEO, Michael Dell, and he and other large holders control the vote.
- Fiscal year ends
- January 30, 2026
- Latest annual report
- 10-K · Mar 16, 2026
- Legal name
- Dell Technologies Inc.
- CIK
- 0001571996
Dell Technologies · DELL
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $101.2B | $102.3B | $88.4B | $95.6B | $113.5B |
| Revenue growth | 16.8% | 1.1% | −13.6% | 8.1% | 18.8% |
| Gross margin | 21.6% | 22.2% | 23.8% | 22.2% | 20.0% |
| Operating margin | 4.6% | 5.6% | 6.1% | 6.5% | 7.2% |
| Net income | $5.6B | $2.4B | $3.4B | $4.6B | $5.9B |
| Net margin | 5.5% | 2.4% | 3.8% | 4.8% | 5.2% |
| Diluted EPS | $6.26 | $3.24 | $4.60 | $6.38 | $8.68 |
| Cash | |||||
| Cash from operations | $10.3B | $3.6B | $8.7B | $4.5B | $11.2B |
| Capital expenditure | $2.8B | $3.0B | $2.8B | $2.7B | $2.6B |
| Free cash flow | $7.5B | $562M | $5.9B | $1.9B | $8.6B |
| FCF margin | 7.4% | 0.6% | 6.7% | 2.0% | 7.5% |
| Dividends paid | $0.0M | $964M | $1.1B | $1.3B | $1.5B |
| Share buybacks | $1.5B | $2.9B | $2.1B | $2.6B | $6.0B |
| Share count change | 3.1% | −4.8% | −2.3% | −2.2% | −5.0% |
| Debt and strength | |||||
| Cash and short-term investments | $9.5B | $8.6B | $7.4B | $3.6B | $11.5B |
| Debt incl. finance leases | $27.0B | $29.6B | $26.0B | $24.6B | $31.5B |
| Shareholders' equity | −$1.7B | −$3.1B | −$2.2B | −$1.5B | −$2.5B |
| Net debt / EBITDA | 1.9x | 2.4x | 2.1x | 2.2x | 1.8x |
| Current ratio | 0.8x | 0.8x | 0.7x | 0.8x | 0.9x |
| Interest coverage | 3.0x | 4.7x | 3.6x | 4.5x | 5.2x |
| Returns and quality | |||||
| Return on capital | 14.6% | 25.6% | 25.9% | 31.4% | 36.0% |
| Piotroski F-score | 6 | 7 | 7 | 6 | 7 |
| Altman Z'' | −0.8 | −0.5 | −0.8 | −0.4 | 0.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$3.6B
24 insiders
Of sales under plans
1%
$30.3M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Dell Technologies · DELL
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Dell Technologies DELL | $327.3B | 18.8% | 7.2% | 7.5% | 36.0% | 29.2x | 7 |
| HP HPQ | $31.1B | 3.2% | 5.7% | 5.1% | 55.3% | 12.9x | 6 |
| Supermicro SMCI | $24.5B | 77.8% | 7.1% | −17.9% | — | — | — |
| Hewlett Packard Enterprise HPE | $88.2B | 13.8% | −1.3% | 1.8% | −0.9% | 31.5x | 4 |
| Apple AAPL | $5.11T | 6.4% | 32.0% | 23.7% | 102.9% | 39.9x | 8 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $501.96 a share, the company is worth $327.3B: 29.2 times its earnings of the last four quarters.
Dell Technologies grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 1 of 3.
Source: SEC EDGAR XBRL filings (CIK 0001571996). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.