Dell Technologies (DELL) Net Margin (2015 - 2026)
Dell Technologies' Net Margin was 8.80% in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 4.89 percentage points from 3.91% a year earlier and up 0.96 percentage points from the prior quarter.
Dell Technologies (DELL) Net Margin (2015 - 2026) Analysis & Trends
On a trailing twelve-month basis, Dell Technologies' Net Margin was 7.53% through Jul 31, 2026, up 2.76 percentage points year-over-year; for FY2026 (ended Jan 30, 2026), it came in at 5.23%, up 0.42 percentage points from FY2025.
- Net Margin has now increased for three consecutive fiscal years, with a five-year change of +1.48 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Net Margin was 4.81% in FY2025 (+0.97 pp), 3.83% in FY2024 (+1.44 pp), 2.39% in FY2023 (-3.11 pp) and 5.50% in FY2022 (+1.75 pp).
- The fiscal Q2 2027 figure marks the highest quarterly Net Margin since fiscal Q3 2022.
- Compared with a year earlier, Net Margin has increased for five straight quarters, with an average year-over-year change of +1.37 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was fiscal Q3 2022 (a gain of 10.69 percentage points); the worst was fiscal Q3 2023 (a drop of 13.55 percentage points).
- Per Business Quant data, DELL's Net Margin in the three fiscal quarters before Q2 2027 was 7.84% (Q1 2027), 6.77% (Q4 2026) and 5.73% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 27.23% |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 22.37% |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 8.80% |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | 39.95% |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 77.00% |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 35.66% |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 85.27% |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 12.33% |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | -711.69% |
| 10 | Hewlett Packard Enterprise | 92.09 Bn | 69.97 Bn | 4.93 Bn | 12.61% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 8.80% |
| May 1, 2026 | 7.84% |
| Jan 30, 2026 | 6.77% |
| Oct 31, 2025 | 5.73% |
| Aug 1, 2025 | 3.91% |
| May 2, 2025 | 4.13% |
| Jan 31, 2025 | 6.41% |
| Nov 1, 2024 | 4.82% |
| Aug 2, 2024 | 3.54% |
| May 3, 2024 | 4.48% |
| Feb 2, 2024 | 5.42% |
| Nov 3, 2023 | 4.73% |
| Aug 4, 2023 | 2.13% |
| May 5, 2023 | 3.04% |
| Feb 3, 2023 | 2.45% |
| Oct 28, 2022 | 0.99% |
| Jul 29, 2022 | 1.93% |
| Apr 29, 2022 | 4.10% |
| Jan 28, 2022 | 0.01% |
| Oct 29, 2021 | 14.54% |
Dell Technologies Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=DELL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "DELL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=DELL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();