Dell Technologies Inc. (DELL) financial statements: income statement, balance sheet and cash flow
Dell Technologies Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 30, 2026 · FY), Dell Technologies Inc. reported revenue of $113.5B (+18.8% year on year) and net income of $5.9B (+29.7% year on year).
Income statement
Dell Technologies Inc. income statement, fiscal years
Line item
Jan 30, 2026 · FY
Jan 31, 2025 · FY
Feb 2, 2024 · FY
Feb 3, 2023 · FY
Total net revenue
$113.5B
$95.6B
$88.4B
$102.3B
Total cost of net revenue
$90.8B
$74.3B
$67.6B
$79.6B
Gross margin
$22.7B
$21.3B
$20.9B
$22.7B
Selling, general, and administrative
$11.4B
$12.0B
$12.9B
$14.1B
Research and development
$3.1B
$3.1B
$2.8B
$2.8B
Total operating expenses
$14.6B
$15.0B
$15.7B
$16.9B
Operating income
$8.1B
$6.2B
$5.2B
$5.8B
Interest and other, net
($886.0M)
($1.2B)
($1.3B)
($2.5B)
Income before income taxes
$7.3B
$5.0B
$3.9B
$3.2B
Income tax expense
$1.3B
$472.0M
$692.0M
$803.0M
Net income
$5.9B
$4.6B
$3.2B
$2.4B
Less: Net loss attributable to non-controlling interests
$0
($16.0M)
($16.0M)
($20.0M)
Net income attributable to Dell Technologies Inc.
$5.9B
$4.6B
$3.2B
$2.4B
Basic (in dollars per share)
$8.79
$6.51
—
—
Diluted (in dollars per share)
$8.68
$6.38
—
—
Dell Technologies Inc. income statement, quarters
Line item
Jul 31, 2026 · Q2
May 1, 2026 · Q2
Oct 31, 2025 · Q3
Aug 1, 2025 · Q3
Total net revenue
$47.0B
$43.8B
$27.0B
$29.8B
Total cost of net revenue
$37.1B
$36.1B
$21.4B
$24.3B
Gross margin
$9.8B
$7.8B
$5.6B
$5.4B
Selling, general, and administrative
$3.3B
$3.1B
$2.7B
$2.9B
Research and development
$1.1B
$983.0M
$752.0M
$785.0M
Total operating expenses
$4.4B
$4.1B
$3.5B
$3.7B
Operating income
$5.4B
$3.7B
$2.1B
$1.8B
Interest and other, net
($254.0M)
$292.0M
($178.0M)
($333.0M)
Income before income taxes
$5.1B
$3.9B
$1.9B
$1.4B
Income tax expense
$998.0M
$510.0M
$393.0M
$276.0M
Net income
$4.1B
$3.4B
$1.5B
$1.2B
Basic (in dollars per share)
$6.41
$5.30
$2.31
$1.72
Diluted (in dollars per share)
$6.34
$5.24
$2.28
$1.70
Basic (in shares)
645.0M
649.0M
—
—
Diluted (in shares)
652.0M
656.0M
—
—
Balance sheet
Dell Technologies Inc. balance sheet, fiscal years
Line item
Jan 30, 2026 · FY
Jan 31, 2025 · FY
Feb 2, 2024 · FY
Feb 3, 2023 · FY
Cash and cash equivalents
$11.5B
$3.6B
$7.4B
$8.6B
Accounts receivable, net of allowance of $77 and $63
$17.6B
$10.3B
$9.3B
$12.5B
Short-term financing receivables, net of allowance of $121 and $78
$8.5B
$5.3B
$4.6B
$5.3B
Inventories
$10.4B
$6.7B
$3.6B
$4.8B
Other current assets
$9.6B
$9.6B
$11.0B
$10.8B
Current assets held for sale
$0
$668.0M
—
—
Total current assets
$57.6B
$36.2B
$35.9B
$42.4B
Property, plant, and equipment, net
$6.7B
$6.3B
$6.4B
$6.2B
Long-term investments
$1.7B
$1.5B
$1.3B
$1.5B
Long-term financing receivables, net of allowance of $92 and $75
$5.8B
$5.9B
$5.9B
$5.6B
Goodwill
$19.5B
$19.1B
$19.7B
$19.7B
Intangible assets, net
$4.5B
$5.0B
$5.7B
$6.5B
Other non-current assets
$5.4B
$5.7B
$7.1B
$7.3B
Total assets
$101.3B
$79.7B
$82.1B
$89.6B
Short-term debt
$8.0B
$5.2B
$7.0B
$6.6B
Accounts payable
$33.6B
$20.8B
$19.4B
$18.6B
Accrued and other
$8.3B
$6.6B
$6.8B
$8.9B
Short-term deferred revenue
$13.3B
$13.7B
$15.3B
$15.5B
Current liabilities held for sale
$0
$221.0M
—
—
Total current liabilities
$63.3B
$46.5B
$48.5B
$51.7B
Long-term debt
$23.5B
$19.4B
$19.0B
$23.0B
Long-term deferred revenue
$13.6B
$12.3B
$13.8B
$14.7B
Other non-current liabilities
$3.4B
$3.0B
$3.1B
$3.2B
Total liabilities
$103.8B
$81.1B
$84.4B
$92.6B
Common stock and capital in excess of $0.01 par value
$9.5B
$9.1B
$8.9B
$8.4B
Treasury stock at cost
($14.5B)
($8.5B)
($5.9B)
($3.8B)
Retained earnings (accumulated deficit)
$3.3B
($1.2B)
($4.6B)
($6.7B)
Accumulated other comprehensive loss
($719.0M)
($939.0M)
($800.0M)
($1.0B)
Total Dell Technologies Inc. stockholders’ equity (deficit)
($2.5B)
($1.5B)
($2.4B)
($3.1B)
Non-controlling interests
$0
$95.0M
$95.0M
$97.0M
Total stockholders’ equity (deficit)
($2.5B)
($1.4B)
($2.3B)
($3.0B)
Total liabilities and stockholders’ equity
$101.3B
$79.7B
$82.1B
$89.6B
Dell Technologies Inc. balance sheet, quarters
Line item
Jul 31, 2026
May 1, 2026
Oct 31, 2025
Aug 1, 2025
Cash and cash equivalents
$11.6B
$11.6B
$9.6B
$8.1B
Accounts receivable, net of allowance of $56 and $77
$22.9B
$25.9B
$11.7B
$15.0B
Short-term financing receivables, net of allowance of $186 and $121
$12.8B
$8.2B
$6.4B
$6.0B
Inventories
$21.3B
$15.1B
$6.9B
$7.2B
Other current assets
$12.0B
$9.9B
$8.4B
$9.2B
Total current assets
$80.5B
$70.6B
$43.1B
$45.5B
Property, plant, and equipment, net
$7.4B
$6.9B
$6.5B
$6.5B
Long-term investments
$2.7B
$2.5B
$1.8B
$1.6B
Long-term financing receivables, net of allowance of $128 and $92
$7.6B
$5.7B
$6.7B
$6.1B
Goodwill
$19.4B
$19.5B
$19.4B
$19.3B
Intangible assets, net
$4.3B
$4.4B
$4.6B
$4.7B
Other non-current assets
$5.3B
$5.2B
$5.4B
$5.5B
Total assets
$127.4B
$114.9B
$87.5B
$89.2B
Short-term debt
$8.5B
$7.5B
$7.4B
$7.2B
Accounts payable
$49.7B
$45.3B
$23.8B
$27.5B
Accrued and other
$10.7B
$8.6B
$6.7B
$6.5B
Short-term deferred revenue
$14.8B
$13.2B
$12.6B
$13.8B
Total current liabilities
$83.7B
$74.6B
$50.5B
$54.9B
Long-term debt
$26.0B
$23.6B
$23.8B
$21.5B
Long-term deferred revenue
$15.0B
$14.3B
$12.5B
$12.4B
Other non-current liabilities
$4.2B
$3.8B
$3.3B
$3.1B
Total liabilities
$128.8B
$116.3B
$90.1B
$91.9B
Common stock and capital in excess of $0.01 par value
$9.3B
$9.1B
$9.3B
$9.1B
Treasury stock at cost
($20.0B)
($16.1B)
($12.7B)
($11.4B)
Retained earnings
$10.1B
$6.3B
$1.4B
$231.0M
Accumulated other comprehensive loss
($759.0M)
($709.0M)
($654.0M)
($710.0M)
Total shareholders' equity (deficit)
($1.4B)
($1.4B)
($2.6B)
($2.8B)
Total liabilities and shareholders' equity
$127.4B
$114.9B
$87.5B
$89.2B
Cash flow statement
Dell Technologies Inc. cash flow statement, fiscal years
Line item
Jan 30, 2026 · FY
Jan 31, 2025 · FY
Feb 2, 2024 · FY
Feb 3, 2023 · FY
Net income
$5.9B
$4.6B
$3.2B
$2.4B
Depreciation and amortization
$3.0B
$3.1B
$3.3B
$3.2B
Stock-based compensation expense
$723.0M
$785.0M
$878.0M
$931.0M
Deferred income taxes
($60.0M)
($208.0M)
($91.0M)
($717.0M)
Other, net
$714.0M
$453.0M
$609.0M
$961.0M
Accounts receivable
($7.0B)
($1.3B)
$3.0B
$113.0M
Financing receivables
($2.7B)
($951.0M)
$309.0M
($461.0M)
Inventories
($4.0B)
($3.5B)
$975.0M
$875.0M
Other assets and liabilities
$2.0B
$2.3B
($1.5B)
$973.0M
Due from/to related party, net
$0
$0
($652.0M)
$649.0M
Accounts payable
$12.7B
$1.7B
($335.0M)
($8.5B)
Deferred revenue
($39.0M)
($2.5B)
($1.0B)
$3.2B
Change in cash from operating activities
$11.2B
$4.5B
$8.7B
$3.6B
Purchases of investments
($197.0M)
($125.0M)
($172.0M)
—
Maturities and sales of investments
$246.0M
$382.0M
$226.0M
$116.0M
Capital expenditures and capitalized software development costs
($2.6B)
($2.7B)
($2.8B)
($3.0B)
Acquisition of businesses and assets, net
($84.0M)
$0
($126.0M)
($70.0M)
Divestitures of businesses and assets, net
$533.0M
—
$0
$0
Other
$80.0M
$180.0M
$45.0M
$41.0M
Change in cash from investing activities
($2.1B)
($2.2B)
($2.8B)
($3.0B)
Proceeds from the issuance of common stock
$5.0M
$1.0M
$10.0M
$5.0M
Repurchases of common stock
($6.0B)
($2.6B)
($2.1B)
($3.3B)
Repurchases of common stock for employee tax withholdings
($390.0M)
($577.0M)
($372.0M)
—
Payments of dividends and dividend equivalents
($1.5B)
($1.3B)
($1.1B)
($964.0M)
Proceeds from debt
$15.0B
$9.3B
$7.8B
$12.5B
Repayments of debt
($8.5B)
($10.6B)
($11.2B)
($9.8B)
Debt-related costs and other, net
($88.0M)
($64.0M)
($109.0M)
($39.0M)
Change in cash from financing activities
($1.5B)
($5.8B)
($7.1B)
($1.6B)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
$221.0M
($179.0M)
($186.0M)
($104.0M)
Change in cash, cash equivalents, and restricted cash
$7.9B
($3.7B)
($1.4B)
($1.2B)
Cash, cash equivalents, and restricted cash at beginning of the period
$3.8B
$7.5B
$8.9B
—
Cash, cash equivalents, and restricted cash at end of the period
$11.7B
$3.8B
$7.5B
—
Income tax paid
$1.3B
$555.0M
$1.4B
$1.2B
Interest paid
$1.4B
$1.3B
$1.4B
$1.2B
Dell Technologies Inc. cash flow statement, quarters
Line item
Jul 31, 2026 · YTD
May 1, 2026 · Q2
Oct 31, 2025 · YTD
Aug 1, 2025 · YTD
Net income
$7.6B
$3.4B
$3.7B
$2.1B
Depreciation and amortization
$1.5B
$758.0M
$2.3B
$1.5B
Stock-based compensation expense
$373.0M
$189.0M
$534.0M
$369.0M
Deferred income taxes
$23.0M
$45.0M
($15.0M)
($127.0M)
Other, net
($454.0M)
($387.0M)
$437.0M
$389.0M
Accounts receivable
($5.4B)
($8.3B)
($1.3B)
($4.6B)
Financing receivables
($6.4B)
$263.0M
($1.7B)
($569.0M)
Inventories
($10.9B)
($4.7B)
($409.0M)
($615.0M)
Other assets and liabilities
$761.0M
$496.0M
$1.6B
$612.0M
Accounts payable
$16.2B
$11.7B
$2.9B
$6.6B
Deferred revenue
$3.1B
$664.0M
($1.5B)
($390.0M)
Change in cash from operating activities
$6.3B
$4.1B
$6.5B
$5.3B
Purchases of investments
($335.0M)
($124.0M)
($171.0M)
($125.0M)
Sales of equity and other investments
$90.0M
$1.0M
$130.0M
$59.0M
Capital expenditures and capitalized software development costs
($2.2B)
($963.0M)
($1.9B)
($1.2B)
Divestitures of businesses and assets, net
$0
$0
$533.0M
$533.0M
Other
$43.0M
$19.0M
$60.0M
$33.0M
Change in cash from investing activities
($2.4B)
($1.1B)
($1.4B)
($743.0M)
Repurchases of common stock
($5.4B)
($1.6B)
($4.2B)
($2.9B)
Repurchases of common stock for employee tax withholdings
($555.0M)
($537.0M)
($379.0M)
($357.0M)
Payments of dividends and dividend equivalents
($869.0M)
($464.0M)
($1.1B)
($762.0M)
Proceeds from debt
$6.9B
$2.5B
$13.8B
$7.3B
Repayments of debt
($3.8B)
($2.8B)
($7.4B)
($3.4B)
Debt-related costs and other, net
($34.0M)
($2.0M)
($88.0M)
($36.0M)
Change in cash from financing activities
($3.8B)
($3.0B)
$629.0M
($228.0M)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
($35.0M)
($13.0M)
$134.0M
$104.0M
Change in cash, cash equivalents, and restricted cash
$31.0M
$47.0M
$5.9B
$4.5B
Cash, cash equivalents, and restricted cash at beginning of the period
$11.7B
$11.7B
$3.8B
$3.8B
Cash, cash equivalents, and restricted cash at end of the period