The financials
Dell Technologies by the numbers
Dell Technologies (DELL) reported revenue of $43.8B in Q1 2027 (quarter ended May 1, 2026), up 88% from the same quarter a year earlier. That came with a gross margin of 18% and net income of $3.44B (7.8% of revenue). For the full year FY2026, revenue was $113.5B (+19% year on year) and net income $5.94B. Its largest product in 2026-Q2 was AI Optimized Servers And Networking at $16.1B, 33% of the disclosed total, just ahead of Commercial at 26%.
| Income statement | Q1 2027 | Q1 2026 | Change |
|---|---|---|---|
| Revenue | $43.8B | $23.4B | +88% |
| Gross profit | $7.78B | $4.94B | +58% |
| Operating income | $3.66B | $1.17B | +214% |
| Net income | $3.44B | $965M | +256% |
| Diluted EPS | $5.24 | $1.37 | +282% |
| Product | Revenue | Share |
|---|---|---|
| AI Optimized Servers And Networking | $16.1B | 33% |
| Commercial | $13.0B | 26% |
| Traditional Servers And Networking | $8.54B | 17% |
| Service | $5.74B | 12% |
| Storage | $4.33B | 8.8% |
| Consumer | $1.59B | 3.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $49.35B (+53%)
AI Optimized Servers And Networking grew +757% year on yearService -0.73% year on year
Segment Latestquarter on quarteryear on year
- AI Optimized Servers And Networking$16.13B$16.13BQoQ -year on year +757%-+757%
- Commercial$13.02B$13.02BQoQ +23%year on year +18%+23%+18%
- Traditional Servers And Networking$8.54B$8.54BQoQ -year on year +92%-+92%
- Service$5.74B$5.74BQoQ -0.23%year on year -0.73%-0.23%-0.73%
- Storage$4.33B$4.33BQoQ +8.8%year on year +8.5%+8.8%+8.5%
- Consumer$1.59B$1.59BQoQ -14%year on year +8.6%-14%+8.6%
- Servers And Networking--QoQ -year on year ---
Computer Hardware
Ranks #6 of 11 by Smart Score