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
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