Dell Technologies (DELL) FY2025 10-K Annual Report

Filed: Mar 25, 2025
Industrials
Electronic ComputersSEC EDGAR

Dell Technologies (DELL) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Dell Technologies FY2025 10-K Analysis

Business Overview

  • Core business model: Global technology solutions provider specializing in computing hardware, software, and IT services
  • No new products, services, or segments distinctly introduced or emphasized in this year’s filing
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Management Discussion & Analysis

  • Revenue growth driven by ISG (servers, networking, storage) with strong AI-optimized server demand; CSG grew modestly; exact revenue not specified
  • Operating income $6.24B, up 15% YoY from $5.41B in Fiscal 2024; operating margin approx. 10.4% in Fiscal 2025 vs lower prior year (revenue not given)
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Risk Factors

  • Regulatory risk from evolving AI laws including EU Artificial Intelligence Act, SEC, and FTC scrutiny, requiring resources for compliance adjustments
  • Geopolitical risks from military conflicts causing customer IT spending caution and supply chain disruptions, impacting global revenue in Fiscal 2025
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Dell Technologies FY2025 Key Financial Metrics
XBRL

Revenue

$95.6B

+8.1% YoY

Net Income

$4.6B

+43.0% YoY

Gross Margin

22.2%

-137bp YoY

Operating Margin

6.5%

+63bp YoY

Net Margin

4.8%

+117bp YoY

ROE

-309.9%

-17628bp YoY

Total Assets

$79.7B

-2.9% YoY

EPS (Diluted)

$6.38

+38.7% YoY

Operating Cash Flow

$4.5B

-47.9% YoY

Source: XBRL data from Dell Technologies FY2025 10-K filing on SEC EDGAR. All figures in USD.

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