$DELL
Dell Technologies Inc.
CIK:0001571996|SEC Filings
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 31, 2026 |
Aug. 01, 2025 |
Jul. 31, 2026 |
Aug. 01, 2025 |
|
| Net revenue: | ||||
| Total net revenue | $ 46,971 | $ 29,776 | $ 90,813 | $ 53,154 |
| Cost of net revenue: | ||||
| Total cost of net revenue | 37,141 | 24,329 | 73,201 | 42,770 |
| Gross margin | 9,830 | 5,447 | 17,612 | 10,384 |
| Operating expenses: | ||||
| Selling, general, and administrative | 3,336 | 2,889 | 6,479 | 5,853 |
| Research and development | 1,109 | 785 | 2,092 | 1,593 |
| Total operating expenses | 4,445 | 3,674 | 8,571 | 7,446 |
| Operating income | 5,385 | 1,773 | 9,041 | 2,938 |
| Interest and other, net | (254) | (333) | 38 | (415) |
| Income before income taxes | 5,131 | 1,440 | 9,079 | 2,523 |
| Income tax expense | 998 | 276 | 1,508 | 394 |
| Net income | $ 4,133 | $ 1,164 | $ 7,571 | $ 2,129 |
| Earnings per share: | ||||
| Basic (in dollars per share) | $ 6.41 | $ 1.72 | $ 11.70 | $ 3.11 |
| Diluted (in dollars per share) | $ 6.34 | $ 1.70 | $ 11.58 | $ 3.07 |
| Weighted-average shares outstanding: | ||||
| Basic (in shares) | 645 | 678 | 647 | 685 |
| Diluted (in shares) | 652 | 686 | 654 | 694 |
| Products | ||||
| Net revenue: | ||||
| Total net revenue | $ 41,112 | $ 23,935 | $ 79,217 | $ 41,534 |
| Cost of net revenue: | ||||
| Total cost of net revenue | 33,990 | 21,044 | 66,842 | 36,160 |
| Services | ||||
| Net revenue: | ||||
| Total net revenue | 5,859 | 5,841 | 11,596 | 11,620 |
| Cost of net revenue: | ||||
| Total cost of net revenue | $ 3,151 | $ 3,285 | $ 6,359 | $ 6,610 |
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions |
Jul. 31, 2026 |
Jan. 30, 2026 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 11,569 | $ 11,528 |
| Accounts receivable, net of allowance of $56 and $77 | 22,918 | 17,585 |
| Short-term financing receivables, net of allowance of $186 and $121 | 12,805 | 8,458 |
| Inventories | 21,290 | 10,437 |
| Other current assets | 11,965 | 9,594 |
| Total current assets | 80,547 | 57,602 |
| Property, plant, and equipment, net | 7,417 | 6,676 |
| Long-term investments | 2,679 | 1,730 |
| Long-term financing receivables, net of allowance of $128 and $92 | 7,625 | 5,822 |
| Goodwill | 19,448 | 19,547 |
| Intangible assets, net | 4,347 | 4,533 |
| Other non-current assets | 5,330 | 5,376 |
| Total assets | 127,393 | 101,286 |
| Current liabilities: | ||
| Short-term debt | 8,481 | 7,990 |
| Accounts payable | 49,723 | 33,630 |
| Accrued and other | 10,738 | 8,315 |
| Short-term deferred revenue | 14,761 | 13,334 |
| Total current liabilities | 83,703 | 63,269 |
| Long-term debt | 25,985 | 23,513 |
| Long-term deferred revenue | 14,957 | 13,596 |
| Other non-current liabilities | 4,175 | 3,378 |
| Total liabilities | 128,820 | 103,756 |
| Commitments and contingencies (Note 10) | ||
| Shareholders’ equity (deficit): | ||
| Common stock and capital in excess of $0.01 par value | 9,277 | 9,457 |
| Treasury stock at cost | (20,010) | (14,533) |
| Retained earnings | 10,065 | 3,325 |
| Accumulated other comprehensive loss | (759) | (719) |
| Total shareholders' equity (deficit) | (1,427) | (2,470) |
| Total liabilities and shareholders' equity | $ 127,393 | $ 101,286 |