Dell Technologies Inc.DELL
NYSE•Technology•Computer Hardware
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG) segments. The ISG segment provides modern and traditional storage solutions, including all-flash, purpose-built, hyper-converged infrastructure, software-defined storage, and general-purpose and AI-optimized servers. This segment also offers networking products and services comprising wide area network infrastructure, data center and edge networking switches, and cables and optics that help its business customers to transform and modernize their infrastructure and complementing its server and storage solutions; and software, peripherals, and services, including consulting and support, and deployment. The CSG segment provides notebooks, desktops, and workstations and branded peripherals that include displays, docking stations, keyboards, mice, webcam and audio devices, and third-party software and peripherals; and configuration, and extended warranties services. The company is involved in originating, collecting, and servicing customer financing arrangements and offers payment and consumption solutions and services, such utility, subscription, as-a-service, leases, and loans, as well as fixed-term leases and loans. It serves enterprises, governmental agencies and other public institutions, educational institutions, healthcare organizations, small and medium-sized businesses, and consumers. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in March 2013. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.
Dell Technologies Inc. (DELL) reported trailing twelve months revenue of $134.00B as of May 2026, a 38.6% increase year-over-year. Quarterly revenue reached $43.84B, reflecting continued top-line momentum.
Dell Technologies Inc. generated $8.41B in TTM net income, with quarterly EBITDA of $4.41B. The operating margin expanded from 5.0% to 8.3%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (8.3%) and net margin (7.8%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 4.1% a year ago, signaling stronger bottom-line efficiency.
DELL trades at a P/E of 16.1x (in line with broad market averages) and a P/S of 1.0x.
The company generated $3.12B in free cash flow over the trailing twelve months, a 39.9% increase year-over-year, indicating cash generation ability. The balance sheet shows $114.91B in total assets with $23.61B in long-term debt against $-1.40B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~7.3% on average, but show some variability — pricing power may be sensitive to market conditions.
Limited ROE data for a reliable assessment.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~45.9% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~7.9% — no sign of cost or pricing stress.
FCF covers net income by 1.0x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 8.3% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation