# Dell Technologies Inc. (DELL)

> Dell sells computers, servers, storage equipment, networking gear, related services, and ways for customers to finance them.

- Exchange: New York Stock Exchange · Sector: Technology · Industry: Computer Hardware
- Headquarters: Round Rock, Texas
- Founded: 1984
- Employees: approximately 97,000 (January 30, 2026)
- SEC CIK: 0001571996 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001571996))
- Full page: https://inspectstocks.com/stocks/dell
- Data as of: price 2026-09-25; newest filing used 2026-09-08; latest fiscal period ended 2026-07-31

## Grade

**A** on the growth-and-cash rubric, 5 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Revenue growing overall | passed | $151.2B | $93.6B |
| Revenue growing recently | passed | $151.2B | $113.5B |
| Free cash flow positive | passed | $8.6B |  |
| Free cash flow growing overall | passed | $8.6B | $5.3B |
| Free cash flow growing recently | passed | $8.6B | $8.6B |

Business quality (the + / − mark): 3 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 7.5% |  |
| Healthy profit margin | failed | 7.5% |  |
| Strong operating margin | failed | 9.4% |  |
| Good return on equity | failed | -460.6% |  |
| Debt under control | passed | -13.05 |  |
| Turns sales into cash | passed | 5.7% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $151.2B |
| Net income, trailing twelve months | $11.4B |
| Free cash flow, trailing twelve months | $8.6B |
| Net margin | 7.5% |
| Operating margin | 9.4% |
| Return on equity | -460.6% |
| Debt to equity | -13.05 |
| Diluted EPS, trailing twelve months | $17.20 |
| Share price | $562.89 |
| Market value | $368.1B |
| Price / earnings | 32.7x |
| Price / sales | 2.4x |

## What the business does

Dell sells personal computers (PCs), monitors and other accessories to businesses, public institutions, and individual consumers. It also sells servers, networking equipment, and storage systems that organizations use to run software, manage data, and support artificial intelligence (AI) workloads. Dell provides setup, maintenance, and support, and offers leases, loans, and subscription-based payment choices.

### How it makes money

- **Infrastructure Solutions Group: servers, networking, storage, related services, and software** (66.5% (quarter ended April 30, 2026)) — Customers buy equipment and software directly or through sales partners; they can pay upfront or use financing, leases, subscriptions, or other payment arrangements. The segment also earns money from consulting, installation, and support.
- **Client Solutions Group: business and consumer computers and related products** (33.5% (quarter ended April 30, 2026)) — Businesses, public institutions, and consumers buy notebooks, desktops, workstations, and accessories directly from Dell or through sales partners and retailers. Dell also earns money from setup, support, and extended warranties.

### Products

- **AI-optimized servers** — Servers built for intensive computing work such as training, adjusting, and running AI models.
- **Traditional servers and networking** — Servers for general business and other demanding workloads, plus networking equipment such as data-center and edge switches, cables, and optical components.
- **Storage systems** — Equipment and software for storing, protecting, and retrieving data, including all-flash systems and products for backups and other data protection.
- **Commercial computers and peripherals** — Business notebooks, desktops, and workstations, along with accessories such as displays, docking stations, keyboards, mice, webcams, and audio devices.
- **Consumer and gaming computers** — Computers for personal use, including higher-performance gaming products sold under the Alienware name.
- **Setup, support, and other services** — Services that help customers configure, install, maintain, and repair Dell equipment, plus extended warranties.

### Customers

- Large businesses buy through Dell account teams, often with technical specialists and negotiated arrangements, or through sales partners.
- Small and medium-sized businesses buy directly from Dell or through sales partners.
- Government agencies and other public institutions buy through dedicated Dell account teams and public-sector sales arrangements.
- Schools and healthcare organizations buy computers and infrastructure directly or through sales partners.
- Individual consumers buy computers and accessories through Dell’s website and retail or distribution channels.

### Competitors

- Hewlett Packard Enterprise (HPE) — Business servers, storage systems, and networking equipment.
- HP Inc. (HPQ) — Personal computers, workstations, and related accessories.
- Lenovo Group (LNVGY) — Business and consumer computers, workstations, and servers.
- Super Micro Computer (SMCI) — Servers, including systems designed for AI computing.
- Cisco Systems (CSCO) — Networking equipment and, in some markets, servers and related infrastructure.

### What it depends on

- Dell depends on component suppliers and contract manufacturers to make and assemble products; the company says some components have only one or a limited number of available suppliers.
- AI server production depends on access to components, including memory, and on customers’ readiness to install and use the equipment; Dell reports that supply limits and changing component designs affect shipment timing.
- Dell sells directly and through resellers, system integrators, distributors, and retailers, so product availability and sales also depend on those partners.
- Dell Financial Services funds customer purchases and leases; its financing activity is affected by credit conditions and interest rates.

### What could go wrong

- AI server orders and customer delivery schedules can change unevenly, while constrained component supply and frequent component updates can delay shipments and increase inventory and purchase commitments.
- Higher memory and other component costs can affect product costs and pricing; dependence on single-source or limited-source suppliers can also interrupt availability or timely delivery.
- Dell faces product and price competition across computers, servers, storage, and networking; changing customer demand, sales mix, and channel inventory can affect sales and profitability.

## More on this company

- [Overview](https://inspectstocks.com/stocks/dell)
- [Financial statements](https://inspectstocks.com/stocks/dell/financials)
- [Competitors](https://inspectstocks.com/stocks/dell/peers)
- [Earnings](https://inspectstocks.com/stocks/dell/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.