Dell Technologies Inc. (DELL) FY2026 Q1 P&L / Income Statement

Dell Technologies Inc. (DELL) FY2026 Q1 P&L / Income Statement

Income statement for 2025-02-01 through 2025-05-02. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total net revenue

23,378,000,000 US dollars

Total cost of net revenue

18,441,000,000 US dollars

Gross margin

4,937,000,000 US dollars

Total operating expenses

3,772,000,000 US dollars

Operating income

1,165,000,000 US dollars

Interest and other, net

negative 82,000,000 US dollars

Income before income taxes

1,083,000,000 US dollars

Income tax expense (benefit)

118,000,000 US dollars

Net income

965,000,000 US dollars

Infrastructure Solutions Group

10,317,000,000 US dollars

Client Solutions Group

12,509,000,000 US dollars

Research and development

808,000,000 US dollars

Selling, general, and administrative

2,964,000,000 US dollars

Revenue before reconciliation (calculated)

22,826,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Corporate and other

552,000,000 US dollars. Reported reconciliation to consolidated revenue.

Infrastructure Solutions Group costs (calculated)

9,319,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Client Solutions Group costs (calculated)

11,856,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Reconciling items (calculated)

1,038,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.