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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |