NYSE · Technology · Fiscal year endsFY ends January

Dell Technologies Inc

DELL

$407.92+15.14 (+3.85%)Today

52-week low $110.22high $595.51

31.5% below its 52-week high

Next earningsNov 24, 2026

Revenue by fiscal year, $ billions

+83% over the years shown (FY17–FY26)

Fiscal years · gold is the latest

62.2

FY17

79.0

FY18+27%

90.6

FY19+15%

84.8

FY20-6%

86.7

FY21+2%

101

FY22+17%

102

FY23+1%

88.4

FY24-14%

95.6

FY25+8%

114

FY26+19%

Ten years, as filed

Income, cash flow and balance sheet

$ billions · gold is the latest

$ billions	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Income
Revenue	62.2	79.0	90.6	84.8^†	86.7^†	101.2	102.3	88.4	95.6	113.5
Revenue growth	—	+27%	+15%	-6%	+2%	+17%	+1%	-14%	+8%	+19%
Gross margin	22.0%	26.0%	27.6%	24.3%	23.2%	21.6%	22.2%	23.8%	22.2%	20.0%
Operating income	-2.39^†	-2.42^†	-0.19	2.37^†	3.69^†	4.66	5.77	5.41^†	6.24	8.15
Operating margin	-3.8%	-3.1%	-0.2%	2.8%	4.3%	4.6%	5.6%	6.1%	6.5%	7.2%
Net income	-1.17^†	-2.85^†	-2.31	4.62	3.25	5.56	2.44	3.39^†	4.59	5.94
Net margin	-1.9%	-3.6%	-2.5%	5.4%	3.7%	5.5%	2.4%	3.8%	4.8%	5.2%
Cash flow
Operating cash flow	2.37^†	6.84^†	6.99	9.29	11.41	10.31	3.57	8.68	4.52	11.19
Capital expenditure	0.70	1.21	1.50^†	2.58^†	2.08	2.80	3.00	2.76	2.65	2.63
Free cash flow (calculated)	1.67^†	5.63^†	5.49^†	6.72^†	9.33	7.51	0.56	5.92	1.87	8.55
Share repurchases	0.61	0.72	14.08^†	0.01	0.24	1.50^†	2.88^†	2.08	2.59	6.01
Balance sheet
Cash and equivalents	9.47	13.94	9.68	9.30	9.51^†	9.48	8.61	7.37	3.63	11.53
Total assets	118.2	124.2^†	111.8	118.9	123.4	92.7	89.6	82.1^†	79.7	101.3
Total equity	13.24	11.72^†	-5.77	-1.57	2.48	-1.69	-3.12	-2.23^†	-1.48	-2.47

Source: Dell Technologies Inc's 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in January.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.