DELLNYSEElectronic ComputersUS GAAP · USD

Dell Technologies Inc.

Dell Technologies Inc. designs, manufactures, and sells personal computers, workstations, servers, storage systems, networking equipment, and related software and services. It serves customers in more than 170 countries through direct sales, channel partners, and financing solutions, with operations organized around client devices and infrastructure solutions.

Kysy yhtiöstä
Liikevaihto113,5mrd USD
+18,8 %v/v
Liikevoitto (EBIT)8 149milj. USD
+30,7 %v/v
EBIT-marginaali7,2%
+0,7 %-yks.v/v
Nettotulos5 936milj. USD
+29,3 %v/v
Vapaa kassavirta8 552milj. USD
+357,6 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

0255075100125mrd USD2021: 86,7 mrd USD2021: EBIT 3,7 mrd USD20212022: 101,2 mrd USD2022: EBIT 4,7 mrd USD20222023: 102,3 mrd USD2023: EBIT 5,8 mrd USD20232024: 88,4 mrd USD2024: EBIT 5,4 mrd USD20242025: 95,6 mrd USD2025: EBIT 6,2 mrd USD20252026: 113,5 mrd USD2026: EBIT 8,1 mrd USD2026113,58,1
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Client Solutions Group (CSG)45 %

Commercial and consumer PCs, laptops, desktops, workstations, and peripherals.

Infrastructure Solutions Group (ISG)45 %

Servers, storage, networking, and AI infrastructure for enterprise and cloud workloads.

Services8 %

Support, maintenance, deployment, and other services tied to hardware and software.

Financing and Payment Solutions2 %

Customer and channel financing, leasing, loans, and consumption-based payment programs.

Tuotteet

Raportoitu · osuus liikevaihdosta
79,6%20,4%FY2026100 %
  • Products79,6 %
  • Services20,4 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Dell sells to large enterprises, public institutions, small and medium businesses, channel partners, and consumers. Its enterprise customers buy integrated end-to-end systems for compute, storage, networking, and AI workloads, while commercial PC buyers rely on Dell for standardized device fleets and lifecycle refreshes.

Large enterprises

Buy servers, storage, networking, PCs, and support programs for standardized IT environments and AI projects.

Public institutions

Buy enterprise hardware and services for education, government, and other institutional deployments.

Commercial businesses

Buy commercial PCs and infrastructure for workforce refreshes, endpoint management, and expansion.

Channel partners

Buy through Dell's partner program to resell products and access financing and incentives.

Consumers

Buy desktops, laptops, and peripherals for personal use, especially in the PC refresh cycle.

Strategia

Dell's strategy centers on pairing client devices with infrastructure, financing, and services so customers can buy, deploy, and refresh technology through one vendor relationship. The company is emphasizing AI-optimized servers, enterprise infrastructure, and flexible consumption models while keeping a broad PC portfolio to preserve customer reach and scale.

Grow AI infrastructureLyhyt aikaväli

AI server demand is a major driver of enterprise and cloud infrastructure spending.

Deepen integrated portfolio sellingKeskipitkä aikaväli

Bundling PCs, servers, storage, networking, software, and services increases customer stickiness.

Expand flexible payment modelsKeskipitkä aikaväli

Financing and consumption options help customers adopt larger deals and recurring relationships.

Maantiede

2026

Dell operates globally in over 170 countries, with revenue concentrated in the Americas, EMEA, and APJ regions. The company manufactures and sources through a large global supply chain, and regional mix matters because enterprise demand, PC replacement cycles, and infrastructure spending vary by geography.

USA56 %
Other countries (US filing)44 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Dell faces intense competition in PCs, servers, storage, and AI infrastructure, where pricing, product cycles, and customer purchasing timing can be volatile. Its scale also creates exposure to cybersecurity threats, supply-chain execution risk, and partner or vendor disruptions, while financing and large enterprise deals add credit, contract, and working-capital complexity.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cybersecurity attacks1AI infrastructure demand concentration2PC market cyclicality3Supply-chain and component execution4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cybersecurity attacksVaikutus: KorkeaTodennäköisyys: Korkea

    The company is a repeated target of criminal and nation-state actors, which can disrupt systems and expose confidential data.

    KohdistuuOperationsCustomer dataPartner systems
  2. AI infrastructure demand concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A large share of recent momentum is tied to AI server orders and deployment timing.

    KohdistuuISG revenueInventoryWorking capital
  3. PC market cyclicalityVaikutus: KeskitasoTodennäköisyys: Korkea

    Commercial and consumer demand depends on refresh cycles, pricing, and competitive dynamics.

    Kohdistuu: CSG revenue and margins

  4. Supply-chain and component executionVaikutus: KeskitasoTodennäköisyys: Korkea

    The business depends on a global supply chain to source, build, and deliver complex systems.

    KohdistuuDelivery timingCostsCustomer fulfillment

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Multi-element contracts require allocating consideration across products, software licenses, services, and financing features.

Vaikutus: Affects timing and mix of reported revenue

Deferred services revenue

Support and maintenance revenue is recognized over the service period rather than at sale.

Vaikutus: Creates quarter-to-quarter timing differences

Goodwill and intangible assets

Acquisitions and software-related assets require periodic impairment testing and valuation assumptions.

Vaikutus: Can drive material non-cash charges

Working capital dynamics

AI server growth can require inventory and receivable investment before cash is collected.

Vaikutus: Affects operating cash flow timing

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Päivitetty: 28.9.2026