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' Cost of Revenue history runs 12 years deep, the most recent figure standing at $36.1 billion for Q2 2026.
- On a quarterly basis, Cost of Revenue rose 95.54% year-over-year to $36.1 billion in Q2 2026; TTM through May 2026 was $108.4 billion, a 43.9% increase from a year earlier, with the FY2026 full-year figure at $90.8 billion, up 22.22% from the prior year.
- Cost of Revenue was $36.1 billion for Q2 2026 at Dell Technologies, up from $26.6 billion in the prior quarter.
- Over the last five years, Cost of Revenue for DELL reached as high as $36.1 billion in Q2 2026 and fell as low as $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.
- The widest annual swing landed in 2023, when Cost of Revenue slipped 22.08%; it then jumped 95.54% in 2026.
- Tracing DELL's Cost of Revenue over 5 years: 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 68.41% to $36.1 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $36.1 billion, $26.6 billion, and $21.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sandisk | 243.90 Bn | 240.17 Bn | 4.66 Bn | 1.29 Bn |
| 2 | Dell Technologies | 240.62 Bn | 229.05 Bn | 7.78 Bn | 36.06 Bn |
| 3 | Arista Networks | 190.87 Bn | 178.52 Bn | 1.68 Bn | 141.60 Mn |
| 4 | Seagate Technology Holdings | 177.36 Bn | 176.22 Bn | 1.45 Bn | 1.67 Bn |
| 5 | Western Digital | 168.70 Bn | 165.46 Bn | 1.68 Bn | 1.66 Bn |
| 6 | Hp | 22.82 Bn | 19.12 Bn | 3.02 Bn | 11.39 Bn |
| 7 | Everpure | 22.05 Bn | 20.74 Bn | 723.33 Mn | 347.86 Mn |
| 8 | IonQ | 20.48 Bn | 18.46 Bn | 15.41 Mn | 49.25 Mn |
| 9 | Super Micro Computer | 17.50 Bn | 16.21 Bn | 1.02 Bn | 9.22 Bn |
| 10 | Logitech International | 16.04 Bn | 14.30 Bn | 483.28 Mn | 214.94 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 |