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DELL · Q1 FY2027

Archived report (Q1 FY2027). Latest deep dive →

US GAAP · $M · vs Q1 FY2026 · quarter ended early May 2026 (fiscal year is shifted) · reported 05/28/2026

DELL — Dell Technologies is a global provider of computer hardware, data storage, software, and IT services.

More about the company

The company is known for its personal computers, servers, and enterprise solutions, with headquarters in the United States.

All figures in $M.

Revenue

$43,842

+88%

Gross profit

$7,782

+58%

17.8% margin

Operating income

$3,656

+214%

8.3% margin

Net income

$3,438

+256%

$5.24 diluted EPS

Sankey diagram of DELL earnings report for Q1 FY2027: revenue, costs and profitAI-Optimized Servers$16,132 · +757%Traditional Servers &Networking$8,543 · +92%Storage$4,334 · +8%Commercial Client$13,020 · +18%Consumer$1,589 · +9%Corporate & Other$224 · -59%InfrastructureSolutions Group$29,009 · +181%Client SolutionsGroup$14,609 · +17%Corporate & Other$224 · -59%Total Revenue$43,842 · +88%Cost of Revenue$36,060 · +96%Gross Profit$7,782 · +58%17.8% marginSG&A$3,143 · +6%R&D$983 · +22%Operating Income$3,656 · +214%8.3% marginInterest & Other,Net$292 · vs -$82Pretax Income$3,948 · +265%Income Tax$510 · +332%Net Income$3,438 · +256%$5.24 diluted EPS

Verdict: an exceptionally strong quarter for Dell, powered by explosive AI-optimized server demand (+757% y/y) that drove record revenue and tripled net income, though the mix shift toward lower-margin servers compressed gross margin to 17.8% from 21.1%.

OCF $4,081M (+46%); adjusted FCF $3,165M (+42%); $2.1B returned via buybacks ($1,628M) and dividends ($464M); FY27 revenue guidance raised to $167.0B midpoint (+47% y/y).

Source and notation

* marks non-cash / ≈ estimated. Source: Dell Technologies press release / 10-Q (SEC EDGAR).

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How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report; the short company description was also written by our model. The source for this archived period is shown above; a complete numerical recheck has not been recorded. How we make the breakdowns · Report an error

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Company reports

Q2 FY2027latestA record quarter on every line — revenue up 58% to $47.0B with ISG up 89% on $16.4B of AI servers and a surprising +122%…
Q1 FY2027An exceptionally strong quarter for Dell, powered by explosive AI-optimized server demand (+757% y/y) that drove record…

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