Dell Technologies Inc. (DELL) stock
DELLNYSEElectronic ComputersFiscal year ends January 29
Financials through Q2 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 8, 2026Score 16/3010% below fair value
$344.53−26.64 (-7.18%)
Close on Nov 13, 2026Market cap $219.06BP/E 20.0Yield 0.61%
Dell Technologies operating margin
Operating margin is operating income as a percentage of revenue.
Dell Technologies's operating margin for the twelve months ending Jul 31, 2026 was 9.4%. For fiscal 2026 it was 7.2%, against 6.5% the year before. The highest annual figure on record is 7.2% in fiscal 2026.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2026 | Jan 30, 2026 | 7.2% | +0.7 |
| FY2025 | Jan 31, 2025 | 6.5% | +0.4 |
| FY2024 | Feb 2, 2024 | 6.1% | +0.5 |
| FY2023 | Feb 3, 2023 | 5.6% | +1.0 |
| FY2022 | Jan 28, 2022 | 4.6% | +0.4 |
| FY2021 | Jan 29, 2021 | 4.3% | +1.5 |
| FY2020 | Jan 31, 2020 | 2.8% | +3.0 |
| FY2019 | Feb 1, 2019 | -0.2% | +2.8 |
| FY2018 | Feb 2, 2018 | -3.1% | +0.8 |
| FY2017 | Feb 3, 2017 | -3.8% | −2.8 |
| FY2016 | Jan 29, 2016 | -1.0% | −0.4 |
| FY2015 | Jan 30, 2015 | -0.6% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2027CQ2 2026 | Jul 31, 2026 | 11.5% | +5.5 |
| Q1 FY2027CQ1 2026 | May 1, 2026 | 8.3% | +3.4 |
| Q4 FY2026CQ4 2025 | Jan 30, 2026 | 9.3% | +0.2 |
| Q3 FY2026CQ3 2025 | Oct 31, 2025 | 7.8% | +0.8 |
| Q2 FY2026CQ2 2025 | Aug 1, 2025 | 6.0% | +0.4 |
| Q1 FY2026CQ1 2025 | May 2, 2025 | 5.0% | +0.6 |
| Q4 FY2025CQ4 2024 | Jan 31, 2025 | 9.0% | +2.1 |
| Q3 FY2025CQ3 2024 | Nov 1, 2024 | 7.1% | +0.1 |
| Q2 FY2025CQ2 2024 | Aug 2, 2024 | 5.6% | +0.4 |
| Q1 FY2025CQ1 2024 | May 3, 2024 | 4.3% | −1.1 |
| Q4 FY2024CQ4 2023 | Feb 2, 2024 | 6.9% | +2.2 |
| Q3 FY2024CQ3 2023 | Nov 3, 2023 | 6.9% | −0.2 |
| Q2 FY2024CQ2 2023 | Aug 4, 2023 | 5.2% | +0.4 |
| Q1 FY2024CQ1 2023 | May 5, 2023 | 5.4% | −0.5 |
| Q4 FY2023CQ4 2022 | Feb 3, 2023 | 4.7% | −1.0 |
| Q3 FY2023CQ3 2022 | Oct 28, 2022 | 7.1% | +3.2 |
| Q2 FY2023CQ2 2022 | Jul 29, 2022 | 4.8% | +0.6 |
| Q1 FY2023CQ1 2022 | Apr 29, 2022 | 5.9% | +1.6 |
| Q4 FY2022CQ4 2021 | Jan 28, 2022 | 5.7% | +2.8 |
| Q3 FY2022CQ3 2021 | Oct 29, 2021 | 4.0% | −1.3 |
| Q2 FY2022CQ2 2021 | Jul 30, 2021 | 4.2% | −1.2 |
| Q1 FY2022CQ1 2021 | Apr 30, 2021 | 4.4% | +0.9 |
| Q4 FY2021CQ4 2020 | Jan 29, 2021 | 3.0% | +1.1 |
| Q3 FY2021CQ3 2020 | Oct 30, 2020 | 5.2% | +1.6 |
| Q2 FY2021CQ2 2020 | Jul 31, 2020 | 5.4% | +3.2 |
| Q1 FY2021CQ1 2020 | May 1, 2020 | 3.5% | +1.0 |
| Q4 FY2020CQ4 2019 | Jan 31, 2020 | 1.9% | +0.5 |
| Q3 FY2020CQ3 2019 | Nov 1, 2019 | 3.7% | +5.2 |
| Q2 FY2020CQ2 2019 | Aug 2, 2019 | 2.2% | +2.3 |
| Q1 FY2020CQ1 2019 | May 3, 2019 | 2.5% | +3.2 |
| Q4 FY2019CQ4 2018 | Feb 1, 2019 | 1.4% | +1.7 |
| Q3 FY2019CQ3 2018 | Nov 2, 2018 | -1.6% | +0.5 |
| Q2 FY2019CQ2 2018 | Aug 3, 2018 | -0.1% | +3.3 |
| Q1 FY2019CQ1 2018 | May 4, 2018 | -0.7% | +6.4 |
| Q4 FY2018CQ4 2017 | Feb 2, 2018 | -0.3% | +3.7 |
| Q3 FY2018CQ3 2017 | Nov 3, 2017 | -2.1% | +7.2 |
| Q2 FY2018CQ2 2017 | Aug 4, 2017 | -3.4% | – |
| Q1 FY2018CQ1 2017 | May 5, 2017 | -7.1% | – |
| Q4 FY2017CQ4 2016 | Feb 3, 2017 | -4.0% | – |
| Q3 FY2017CQ3 2016 | Oct 28, 2016 | -9.3% | – |
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