Latest revenue
$27.00B
as of 2025-10-31
Latest net income
$1.55B
as of 2025-10-31
Net margin
5.7%
as of 2025-10-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $252.09B
- Enterprise value
- $273.77B
- P/E (trailing)
- 42.5×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.7%
- 52-wk high
- $298.32
- 52-wk low
- $106.38
- Beta
- —
- Shares out
- 854.0M
5-year trend
What this company does
Dell designs and sells servers, storage systems, PCs, laptops, and related IT infrastructure to businesses, governments, and consumers worldwide. Product sales drive the bulk of revenue—roughly $63 billion of $80 billion year-to-date—with services and financing rounding out the mix. Surging demand for AI-optimized servers pushed product revenue up 18% year-over-year, while Dell sold off SecureWorks and accelerated buybacks to over $4 billion.
Generated from DELL's filing dated 2026-03-16
Key risks
- Negative stockholders' equity of $(2.6)B with total debt rising to $31.2B (short-term $7.4B + long-term $23.8B), up ~$6.7B YTD.
- Margin compression: products gross margin fell to 14.0% (vs 15.3% YoY) as AI server mix dilutes profitability despite 16% Q3 revenue growth.
- Services revenue declined to $5.75B (-5.4% YoY); Q3 -$1.25B buybacks plus $1.1B dividends outpace organic deleveraging capacity.
Generated from DELL's filing dated 2026-03-16
Profitability
Gross margin
20.0%
10.1%Operating margin
7.2%
10.0%Net margin
5.2%
8.8%Return on equity
-240.3%
22.4%Return on assets
5.9%
1.8%Leverage
Debt / equity
-42.01×
23.4%Long-term debt / equity
-9.52×
27.1%Debt / assets
102.4%
0.6%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-01-30 | $33.38B | +39.5% | $2.26B | +36.6% | 6.8% |
Q4 2025 2025-10-31 | $27.00B | +10.8% | $1.55B | +36.7% | 5.7% |
Q3 2025 2025-08-01 | $29.78B | +19.0% | $1.16B | +37.6% | 3.9% |
Q2 2025 2025-05-02 | $23.38B | +5.1% | $965.0M | +0.5% | 4.1% |
Q1 2025 2025-01-31 | $23.93B | — | $1.65B | — | 6.9% |
Q4 2024 2024-11-01 | $24.37B | +9.5% | $1.13B | +12.5% | 4.6% |
Q3 2024 2024-08-02 | $25.03B | +9.1% | $846.0M | +83.1% | 3.4% |
Q2 2024 2024-05-03 | $22.24B | — | $960.0M | — | 4.3% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Electronic Computers · SIC 3571
Your notes
Keep private notes on DELL — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$5.41B
Net activity
−$5.41B
Distinct insiders
16
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns DELL
Institutional value
$15.42B
Total shares held
101.1M
Distinct holders
759
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 19.4M | $3.19B | — | New |
| 2 | Invesco Ltd. | 8.9M | $1.46B | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 8.0M | $1.32B | — | New |
| 4 | JANE STREET GROUP, LLC | 6.1M | $1.00B | — | New |
| 5 | Boston Partners | 3.8M | $624.5M | — | New |
| 6 | UBS Group AG | 3.2M | $527.3M | — | New |
| 7 | DEUTSCHE BANK AG\ | 3.2M | $521.1M | — | New |
| 8 | Legal & General Group Plc | 2.2M | $366.1M | — | New |
| 9 | Bank of New York Mellon Corp | 1.8M | $292.7M | — | New |
| 10 | WELLS FARGO & COMPANY/MN | 1.7M | $280.5M | — | New |
| 11 | VANGUARD FIDUCIARY TRUST CO | 1.7M | $276.3M | — | New |
| 12 | BNP PARIBAS FINANCIAL MARKETS | 1.3M | $221.6M | — | New |
| 13 | California Public Employees Retirement System | 1.3M | $209.6M | — | New |
| 14 | DIMENSIONAL FUND ADVISORS LP | 961.7K | $157.9M | — | New |
| 15 | Swiss National Bank | 931.0K | $152.8M | — | New |
| 16 | ENVESTNET ASSET MANAGEMENT INC | 926.4K | $152.0M | — | New |
| 17 | JENNISON ASSOCIATES LLC | 855.3K | $140.4M | — | New |
| 18 | Nuveen, LLC | 822.2K | $134.9M | — | New |
| 19 | STIFEL FINANCIAL CORP | 749.5K | $123.0M | — | New |
| 20 | Bank Julius Baer & Co. Ltd, Zurich | 742.0K | $121.9M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Services revenue fell to $5.75B from $6.08B YoY despite product growth—is the AI server mix permanently compressing your higher-margin recurring revenue base?
- 2
Product gross margin compressed to roughly 14% this quarter versus 15.3% last year—how much is Blackwell pass-through pricing versus actual competitive erosion?
- 3
With $31.2B total debt, negative $2.6B equity, and $4.2B in YTD buybacks, what leverage ceiling triggers a pause in repurchases?
Refreshed when DELL files a new report · last from 2026-03-16