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

Dell Technologies has reported Cost of Revenue for 12 years, with the latest figure at $26.6 billion in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 46.0% year-over-year to $26.6 billion; the trailing twelve-month figure through Jan 2026 stood at $90.8 billion (up 22.22% YoY), and the FY2026 full-year result was $90.8 billion, up 22.22% from the prior year.
• Cost of Revenue for Q1 2026 stood at $26.6 billion, up from $21.4 billion in the prior quarter.
• The five-year high for Cost of Revenue was $26.6 billion in Q1 2026, with the low at $15.8 billion in Q2 2023.
• Historically, Cost of Revenue has averaged $19.7 billion across 5 years, with a median of $19.0 billion in 2022.
• Annual changes were most pronounced in 2023 — Cost of Revenue retreated 22.08% — and 2026, when it surged 46.0%.
• Dell Technologies' Cost of Revenue 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 rose by 24.46% to $26.6 billion in 2026.
• The last three Cost of Revenue figures came in at $26.6 billion (Q1 2026), $21.4 billion (Q4 2025), and $24.3 billion (Q3 2025), per Business Quant data.