Fundamental analysis · SEC EDGAR · TTM through 01/05/2026

Fundamental analysis of Dell Technologies Inc.

DELL · NYSE · Technology

Fundamental quality

REASONABLE

63

out of 100

Dell Technologies Inc. earns a fundamental-quality score of 63 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its growth (revenue +8.7%/yr). Its weakest area is its profitability (net margin 6.3%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Dell Technologies sells PCs and, increasingly important, servers and storage for data centers. The AI boom turned its infrastructure division into the engine: it assembles and deploys NVIDIA-GPU servers for enterprises and clouds.

What will shape its future

  • AI server orders, its main current engine — with thinner margins than the noise suggests.
  • The PC cycle, a mature business that rises and falls with corporate refreshes.
  • Competition (Supermicro, HPE) in servers, where assembly gives little pricing power.

Breakdown by area

I.Growth
75

EPS growth: 23.1% · Revenue growth: 8.7%

II.Profitability
41

Net margin: 6.3% · ROIC: 48.6%

III.Financial health
73

Net debt/EBITDA: 1.43x · FCF: 7%

Source: SEC EDGAR · TTM through 01/05/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 29%
Growthbeats 32%
Cash generationbeats 16%
Less debtbeats 36%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Dell Technologies Inc. strengths

  • Growing earnings per share (23.1% annualized).
  • It has cut its net debt over the period.
  • Revenue growing (8.7% annualized).
  • Positive free cash flow year after year, a self-funding business.

Dell Technologies Inc. risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Dell Technologies Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
202186,6703,2509,32529,714
2022101,1975,5637,51117,477
2023102,3012,44256220,981
202488,4253,3885,92018,628
202595,5674,5921,86920,934
2026113,5385,9368,55219,975

Between 2021 and 2026, revenue went from $86,670M to $113,538M (+31%) and net income went from $3,250M to $5,936M (+83%). It has also reduced its net debt over the period.

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended May 1, 2026, versus the quarter ended May 2, 2025 (SEC filings):

  • Revenue+87.5%
  • Net income+256.3%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$2.1

per share, yearly

24.6% of earnings

Payout

at least 3 straight years raising it

Growth

That is what we can verify in the SEC filings, whose structured data only starts in 2008 and which many companies begin tagging later. The real streak may be considerably longer.

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Dell Technologies Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Dell Technologies Inc. a good company to invest in?

In terms of business quality, Dell Technologies Inc. scores 63 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Dell Technologies Inc. a profitable company?

Dell Technologies Inc. is profitable, with a net margin of 6.3%, though a thin one.

Does Dell Technologies Inc. have a lot of debt?

Not particularly. Its net debt is 1.43 times its EBITDA, a low level.

Is Dell Technologies Inc. growing?

Its revenue has grown 8.7% annualized in recent years and its earnings per share 23.1%.

Does Dell Technologies Inc. generate cash?

Yes. It converts about 7% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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