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
DateValue
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