Dell Technologies (DELL) Cost of Revenue (2015 - 2026)
Dell Technologies' (DELL) quarterly Cost of Revenue came in at $36.1 billion in Q2 2026, up 95.54% YoY from $18.4 billion in Q2 2025, and up 35.31% on a QoQ basis from $26.6 billion in Q1 2026.
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 $36.1 billion in Q2 2026.
- Quarterly Cost of Revenue rose 95.54% year-over-year to $36.1 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $108.4 billion (up 43.9% YoY) and the FY2026 annual result came in at $90.8 billion, up 22.22% from the prior year.
- Cost of Revenue rose to $36.1 billion in Q2 2026, from $26.6 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $36.1 billion in Q2 2026 to a low of $15.8 billion in Q2 2023.
- A 5-year average of $20.6 billion and a median of $19.1 billion in 2022 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2023 — Cost of Revenue retreated 22.08% — and 2026, when it surged 95.54%.
- Tracing DELL's Cost of Revenue over 5 years: stood at $19.0 billion in 2022, then retreated by 10.33% to $17.0 billion in 2023, then gained by 11.47% to $19.0 billion in 2024, then climbed by 12.66% to $21.4 billion in 2025, then soared by 68.41% to $36.1 billion in 2026.
- The last three Cost of Revenue figures came in at $36.1 billion (Q2 2026), $26.6 billion (Q1 2026), and $21.4 billion (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 278.57 Bn | 266.99 Bn | 7.78 Bn | 36.06 Bn |
| 2 | Arista Networks | 232.75 Bn | 220.40 Bn | 1.68 Bn | 1.03 Bn |
| 3 | Sandisk | 190.63 Bn | 186.89 Bn | 4.66 Bn | 1.29 Bn |
| 4 | Seagate Technology Holdings | 186.50 Bn | 185.35 Bn | 1.45 Bn | 1.67 Bn |
| 5 | Western Digital | 184.00 Bn | 180.76 Bn | 1.68 Bn | 1.66 Bn |
| 6 | Everpure | 26.61 Bn | 25.11 Bn | 723.33 Mn | 329.56 Mn |
| 7 | Hp | 24.78 Bn | 21.08 Bn | 3.02 Bn | 11.39 Bn |
| 8 | Super Micro Computer | 17.22 Bn | 15.93 Bn | 1.02 Bn | 9.22 Bn |
| 9 | Logitech International | 16.90 Bn | 15.15 Bn | 607.94 Mn | 619.29 Mn |
| 10 | IonQ | 10.24 Bn | 8.22 Bn | 15.41 Mn | 49.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 1, 2026 | 36.06 Bn |
| May 1, 2026 | 36.06 Bn |
| Jan 30, 2026 | 26.65 Bn |
| Jan 30, 2026 | 26.65 Bn |
| Oct 31, 2025 | 21.41 Bn |
| Oct 31, 2025 | 21.41 Bn |
| Aug 1, 2025 | 24.33 Bn |
| Aug 1, 2025 | 24.33 Bn |
| May 2, 2025 | 18.44 Bn |
| May 2, 2025 | 18.44 Bn |
| Jan 31, 2025 | 18.25 Bn |
| Jan 31, 2025 | 18.25 Bn |
| Nov 1, 2024 | 19.01 Bn |
| Nov 1, 2024 | 19.01 Bn |
| Aug 2, 2024 | 19.67 Bn |
| Aug 2, 2024 | 19.67 Bn |
| May 3, 2024 | 17.39 Bn |
| May 3, 2024 | 17.39 Bn |
| Feb 2, 2024 | 16.95 Bn |
| Feb 2, 2024 | 16.95 Bn |