Dell Technologies (DELL) FY2026 10-K Annual Report
Dell Technologies (DELL) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Mar 16, 2026. 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 FY2026 10-K Analysis
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.
Dell Technologies FY2026 Key Financial MetricsXBRL
Revenue
$113.5B
▲ +18.8% YoY
Net Income
$5.9B
▲ +29.3% YoY
Gross Margin
20.0%
▼ -224bp YoY
Operating Margin
7.2%
▲ +65bp YoY
Net Margin
5.2%
▲ +42bp YoY
ROE
-240.3%
▲ +6953bp YoY
Total Assets
$101.3B
▲ +27.0% YoY
EPS (Diluted)
$8.68
▲ +36.1% YoY
Operating Cash Flow
$11.2B
▲ +147.4% YoY
Source: XBRL data from Dell Technologies FY2026 10-K filing on SEC EDGAR. All figures in USD.
Other Dell Technologies Annual Reports
Get deeper insights on Dell Technologies
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.