Also trades as: 12DA.DE (XETRA) · $vol 1M

$501.57

+34.48 (+7.38%)

After Hours: $502.62 (+1.06, +0.21%)

Weekly Expected Move ±9.0%

$374 $415 $456 $498 $539

NYSE · Technology · Computer Hardware · Tech Score Sell · Power 44 · $297.1B mcap · 580M float · 1.32% daily turnover · Short 58% of daily vol

Credit Risk of going bust: higher than 67% of companies Debt: 10.4% of company value Bonds: $1.01B held by 577 funds, 76 bp over Treasuries → details ▾

Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $9.58 (down 98%), Dell Technologies Inc. would be worth roughly what it owes.
Total debt $34.47B against a stock market value of $297.08B.
Distance to default 3.66 (Merton model): prices to 2026-10-26, balance sheet 2026-07-31, debt counted $21.47B (short-term plus half of long-term), stock volatility 73.2%; Altman Z 3.05. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$113.5B +18.8% ▲

5Y CAGR: +5.5%

Gross Profit

$22.7B +6.9% ▲

5Y CAGR: +2.4%

Operating Income

$8.4B +35.4% ▲

5Y CAGR: +18.0%

Net Income

$5.9B +29.3% ▲

5Y CAGR: +12.8%

EPS (Diluted)

$8.68 +36.1% ▲

5Y CAGR: +15.5%

EBITDA

$11.9B +23.7% ▲

5Y CAGR: +3.9%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$101.2B	$102.3B	$88.4B	$95.6B	$113.5B
YoY Growth	+16.8%	+1.1%	-13.6%	+8.1%	+18.8%
Cost of Revenue	$79.3B	$79.6B	$67.4B	$74.3B	$90.8B
Gross Profit	$21.9B	$22.7B	$21.1B	$21.2B	$22.7B
Gross Margin	21.6%	22.2%	23.8%	22.2%	20.0%
R&D Expenses	$2.6B	$2.8B	$2.8B	$3.1B	$3.1B
SG&A Expenses	$14.6B	$13.8B	$12.3B	$12.0B	$11.1B
Operating Expenses	$17.2B	$16.9B	$15.7B	$15.0B	$14.3B
Operating Income	$4.7B	$5.8B	$5.4B	$6.2B	$8.4B
Operating Margin	4.6%	5.6%	6.1%	6.5%	7.4%
Interest Expense	$1.5B	$1.3B	$1.5B	$1.4B	$1.6B
Income Before Tax	$5.9B	$3.2B	$4.1B	$5.0B	$7.3B
Tax Expense	$981M	$803M	$715M	$472M	$1.3B
Net Income	$5.6B	$2.4B	$3.4B	$4.6B	$5.9B
Net Margin	5.5%	2.4%	3.8%	4.8%	5.2%
EPS (Diluted)	$7.02	$3.24	$4.60	$6.38	$8.68
EBITDA	$12.0B	$7.7B	$8.9B	$9.6B	$11.9B
Shares Outstanding	791M	753M	736M	724M	684M

Line Item	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4	FY2027 Q1	FY2027 Q2
Revenue	$24.4B	$23.8B	$23.4B	$29.8B	$27.0B	$33.4B	$43.8B	$47.0B
Cost of Revenue	$19.1B	$18.3B	$18.4B	$24.3B	$21.4B	$26.6B	$36.1B	$37.1B
Gross Profit	$5.3B	$5.5B	$4.9B	$5.4B	$5.6B	$6.7B	$7.8B	$9.8B
Gross Margin	21.8%	23.0%	21.1%	18.3%	20.7%	20.2%	17.8%	20.9%
R&D Expenses	$745M	$773M	$808M	$785M	$752M	$797M	$983M	$1.1B
SG&A Expenses	$2.9B	$2.6B	$2.9B	$2.9B	$2.7B	$2.8B	$3.1B	$3.2B
Operating Expenses	$3.6B	$3.3B	$3.7B	$3.7B	$3.4B	$3.6B	$4.1B	$4.4B
Operating Income	$1.7B	$2.2B	$1.2B	$1.8B	$2.2B	$3.1B	$3.7B	$5.5B
Operating Margin	6.8%	9.1%	5.3%	6.0%	8.0%	9.4%	8.3%	11.6%
Interest Expense	$328M	$344M	$361M	$399M	$396M	$411M	$391M	$254M
Income Before Tax	$1.4B	$2.0B	$1.1B	$1.4B	$1.9B	$2.8B	$3.9B	$5.1B
Tax Expense	$265M	$440M	$118M	$276M	$393M	$540M	$510M	$998M
Net Income	$1.1B	$1.5B	$965M	$1.2B	$1.5B	$2.3B	$3.4B	$4.1B
Net Margin	4.6%	6.4%	4.1%	3.9%	5.7%	6.8%	7.8%	8.8%
EPS (Diluted)	$1.58	$2.15	$1.37	$1.70	$2.28	$3.37	$5.24	$6.34
EBITDA	$2.5B	$3.1B	$2.2B	$2.6B	$3.1B	$4.0B	$5.1B	$6.2B
Shares Outstanding	724M	713M	702M	702M	680M	670M	656M	652M

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