Short answer
Dell Technologies (DELL) filed its fiscal 2026 10-K annual report with the SEC on Mar 16, 2026. It reported revenue of $113.5B (+18.8% year over year) and net income of $5.9B.
- Top risk flagged: Section 'risk_factors' was empty or not found.
FY2026 key financial metrics · XBRL
- Revenue
- $113.5B
- +18.8% YoY
- Net income
- $5.9B
- +29.3% YoY
- Operating margin
- 7.2%
- +0.7 pp YoY
- Gross margin
- 20.0%
- −2.2 pp YoY
- EPS (diluted)
- $8.68
- +36.1% YoY
- ROE
- -240.3%
- +69.5 pp YoY
- Operating cash flow
- $11.2B
- +147.4% YoY
Source: XBRL data from the Dell Technologies (DELL) FY2026 10-K on SEC EDGAR. USD.
Dell Technologies FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Section 'business' was empty or not found.
Management Discussion & Analysis
- Revenue $113.5B, up 19% YoY; ISG +40% to $60.8B; CSG +5% to $51.0B; Corporate and other declined due to VMware Resale exit
- GAAP operating margin 7.2% vs 6.5%; non-GAAP operating margin 8.8% vs 8.9%; gross margin compressed to 20.0% vs 22.2% from AI-server mix shift
- ISG best segment: operating income $7.1B, margin 11.7% vs 12.8%; CSG weakest: operating income $2.8B, margin 5.6% vs 6.1%; AI-optimized servers revenue +166% to $24.7B
- Operating cash flow $11.2B vs $4.5B; capex $2.6B; buybacks $6.0B (~54M shares); dividends $1.5B; total debt rose $7.0B to $31.8B
- FY2027 guidance: significant ISG growth (AI-server driven), modest CSG growth; notable component cost inflation expected; $10B additional buyback authorized; dividend raised 20% to $0.630/share per quarter
Risk Factors
- Section 'risk_factors' was empty or not found.
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