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Screener / SEC EDGAR /CIK 0001571996 /10-K filed Mar 16, 2026, compared with Mar 25, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
ORCLMUAVGOACNDELLIBM
NYSE Technology · Computer Hardware

Dell Technologies DELL

DELL quote by TradingView

Dell Technologies is a leader in the global technology industry focused on providing broad and innovative technology solutions for the data and artificial intelligence (“AI”) era. 10-K, Item 1

Employees
97,000
Headquarters
Round Rock, TX
CEO
Michael S. Dell
Next results
around Nov 24, 2026
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $113.5B through the costs to a net profit of $5.9B · income statement of the 10-K

7% operating margin
Revenue to Gross profit: $22.7BRevenue to Cost of revenue: $90.8BGross profit to Operating profit: $8.1BGross profit to Operating expenses: $14.6BOperating profit to Net profit: $5.9BOperating profit to Tax & other: $2.2BOperating expenses to R&D: $3.1BOperating expenses to SG&A: $11.4B Revenue: $113.5B REVENUE $113.5B +19% Y/Y Gross profit: $22.7B · 20% margin GROSS PROFIT $22.7B 20% margin · +7% Y/Y Cost of revenue: $90.8B · 80% of revenue COST OF REVENUE $90.8B 80% of revenue Operating profit: $8.1B · 7% margin OPERATING PROFIT $8.1B 7% margin · +31% Y/Y Operating expenses: $14.6B · 13% of revenue OPERATING EXPENSES $14.6B 13% of revenue Net profit: $5.9B · 5% margin NET PROFIT $5.9B 5% margin · +29% Y/Y Tax & other: $2.2B · 2% of revenue TAX & OTHER $2.2B 2% of revenue R&D: $3.1B · 3% of revenue R&D $3.1B 3% of revenue SG&A: $11.4B · 10% of revenue SG&A $11.4B 10% of revenue
Gross profit $22.7B 20% margin · +7% Y/Y
Operating profit $8.1B 7% margin · +31% Y/Y
Net profit $5.9B 5% margin · +29% Y/Y
The full income statement, year by year

DELL among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 18.8%, above 65% of 74 peers (their median 14.0%) REVENUE GROWTH 18.8% · above 65% Gross margin: 19.8%, above 4% of 67 peers (their median 58.0%) GROSS MARGIN 19.8% · above 4% Operating margin: 9.4%, above 21% of 70 peers (their median 23.8%) OPERATING MARGIN 9.4% · above 21% Net margin: 7.5%, above 19% of 74 peers (their median 19.2%) NET MARGIN 7.5% · above 19% FCF margin: 5.7%, above 11% of 70 peers (their median 23.7%) FCF MARGIN 5.7% · above 11%
DELL Peer median Below the median

What changed

1 new risk paragraph and 3 accounting facts worth reading about. 10-K filed Mar 16, 2026 against Mar 25, 2025.

Risk factors
1 new paragraph, nothing like it in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +70.8% vs revenue +18.8% (+52.0 pts)
10-K · XBRL
Inventory growing faster than revenue
Inventory +55.4% vs revenue +18.8% (+36.6 pts)
10-K · XBRL
Critical audit matters changed
New this year: Revenue Recognition for Certain Products and Services (“As described in Note 2 to the consolidated financial statements, the Company sells a wide portfolio of products and services to its customers. The Company’s contracts with customers often include the promise to transfer multiple goods and services to the customer. Distinct promises within a contract”). No longer listed: Revenue Recognition - Identification of Performance Obligations in Revenue Contracts
10-K · XBRL
Accounting checks
8 other checks clear, 3 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
1 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

3facts worth reading about the other 8 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +70.8% vs revenue +18.8% (+52.0 pts)
  • Inventory growing faster than revenue
    Inventory +55.4% vs revenue +18.8% (+36.6 pts)
  • Critical audit matters changed
    New this year: Revenue Recognition for Certain Products and Services (“As described in Note 2 to the consolidated financial statements, the Company sells a wide portfolio of products and services to its customers. The Company’s contracts with customers often include the promise to transfer multiple goods and services to the customer. Distinct promises within a contract”). No longer listed: Revenue Recognition - Identification of Performance Obligations in Revenue Contracts
  • Cash from operations $11.2B vs net income $5.9B (FY ending Jan 30, 2026)
7 more checks with nothing to note
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

1 paragraph in Risk Factors that was not in the 10-K filed Mar 25, 2025. Quoted as filed.

  1. Item 1A · new paragraph · not in the 10-K filed Mar 25, 2025 10-K, ITEM 1A
    Although our Board of Directors has adopted a stock repurchase program, we are not obligated to repurchase any specific amount of shares of common stock, and the stock repurchase program may be suspended or terminated at any time. The amount, timing, and execution of our stock repurchase program may fluctuate, and changes in cash flows,…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

From the same starting line, FY2017 to FY2026

Revenue, net income and free cash flow, each set to 100 in FY2017. What happened, from the 10-Ks. Not a forecast.

FY2017 = 100
200 400 100 Revenue: $62.2B in FY2017, $113.5B in FY2026 REVENUE $113.5B · 1.8x Free cash flow: $1.7B in FY2017, $8.6B in FY2026 FREE CASH FLOW $8.6B · 5.1x FY2017 = 100FY2022FY2026
Revenue 1.8x $62.2B to $113.5B
Free cash flow 5.1x $1.7B to $8.6B

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2025FY2026
Revenue$102.3B$88.4B$95.6B$113.5B
Net income$2.4B$3.4B$4.6B$5.9B
Operating cash flow$3.6B$8.7B$4.5B$11.2B
Free cash flow$562.0M$5.9B$1.9B$8.6B

Revenue, FY2017 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$113.5B ▲ 18.8% in FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Every number, year by year

Recent filings

1 filing in the last 30 days · SEC EDGAR

All filings

About the company

Dell Technologies, Round Rock, TX · from the 10-K filed Mar 16, 2026

Dell Technologies is a leader in the global technology industry focused on providing broad and innovative technology solutions for the data and artificial intelligence (“AI”) era. These solutions range from client devices and peripherals to infrastructure solutions across servers, networking, and storage to meet the evolving needs of our customers and drive better business outcomes. With our extensive portfolio and commitment to innovation, we design, deploy, and support secure, integrated solutions that extend from the edge to the core to the cloud.

Headquarters
Round Rock, TX
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
January 29
Last results
Sep 1, 2026
Incorporated in
TX

Employees, at the top of the page: "As of January 30, 2026, we had approximately 97,000 employees" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Mar 16, 2026 (open at SEC), compared with the 10-K filed Mar 25, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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