Dell Technologies DELL
NYSE DELL
$567.14 +60.70 (+11.99%)
At close: Sep 11, 2026 · 4:00 PM EDT

Dell Technologies (DELL) Cost of Revenue (2015 - 2026)

Dell Technologies (DELL) posted Cost of Revenue of $37.1 billion for Q3 2026, up 3.0% quarter-over-quarter from $36.1 billion in Q2 2026, and up 52.66% YoY from $24.3 billion in Q3 2025.

Analysis

Dell Technologies (DELL) Cost of Revenue (2015 - 2026) Analysis & Trends

Dell Technologies (DELL) has 12 years of Cost of Revenue data on file, last reported at $37.1 billion in Q3 2026.

  • For the quarter ending Q3 2026, Cost of Revenue rose 52.66% year-over-year to $37.1 billion; the trailing twelve-month figure through Jul 2026 stood at $121.3 billion (up 51.52% YoY), and the FY2026 full-year result was $90.8 billion, up 22.22% from the prior year.
  • Cost of Revenue was $37.1 billion for Q3 2026 at Dell Technologies, up from $36.1 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $37.1 billion in Q3 2026 to a low of $15.8 billion in Q2 2023.
  • A 5-year average of $21.5 billion and a median of $19.3 billion in 2023 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue slipped 22.08% in 2023 and jumped 95.54% in 2026, its largest moves.
  • Dell Technologies' Cost of Revenue stood at $19.0 billion in 2022, then fell by 10.33% to $17.0 billion in 2023, then rose by 11.47% to $19.0 billion in 2024, then advanced by 12.66% to $21.4 billion in 2025, then surged by 73.46% to $37.1 billion in 2026.
  • Per Business Quant data, the three most recent Cost of Revenue figures were $37.1 billion in Q3 2026, $36.1 billion in Q2 2026, and $26.6 billion in Q1 2026.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Dell Technologies 362.97 Bn 351.40 Bn 9.83 Bn 37.14 Bn
2 Arista Networks 251.55 Bn 238.20 Bn 1.91 Bn 1.13 Bn
3 Sandisk 238.47 Bn 233.71 Bn 7.58 Bn 1.38 Bn
4 Seagate Technology Holdings 188.28 Bn 186.57 Bn 1.90 Bn 1.73 Bn
5 Western Digital 161.43 Bn 159.85 Bn 2.03 Bn 1.72 Bn
6 Hewlett Packard Enterprise 82.45 Bn 76.23 Bn 4.93 Bn 7.29 Bn
7 NetApp 39.14 Bn 35.57 Bn 1.42 Bn 606.00 Mn
8 Everpure 32.71 Bn 31.71 Bn 811.39 Mn 374.51 Mn
9 Super Micro Computer 26.34 Bn 18.82 Bn 1.94 Bn 9.18 Bn
10 Penguin Solutions 2.62 Bn 2.38 Bn 133.21 Mn 345.50 Mn
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 37.14 Bn
May 1, 2026 36.06 Bn
Jan 30, 2026 26.65 Bn
Oct 31, 2025 21.41 Bn
Aug 1, 2025 24.33 Bn
May 2, 2025 18.44 Bn
Jan 31, 2025 18.25 Bn
Nov 1, 2024 19.01 Bn
Aug 2, 2024 19.67 Bn
May 3, 2024 17.39 Bn
Feb 2, 2024 16.95 Bn
Nov 3, 2023 17.05 Bn
Aug 4, 2023 17.52 Bn
May 5, 2023 15.84 Bn
Feb 3, 2023 19.28 Bn
Oct 28, 2022 19.01 Bn
Jul 29, 2022 20.99 Bn
Apr 29, 2022 20.33 Bn
Jan 28, 2022 22.37 Bn
Oct 29, 2021 20.89 Bn