Dell Technologies (DELL) Operating Expenses (2015 - 2026)
Dell Technologies' (DELL) quarterly Operating Expenses came in at $4.1 billion in Q2 2026, up 9.38% YoY from $3.8 billion in Q2 2025, and up 13.41% on a QoQ basis from $3.6 billion in Q1 2026.
Dell Technologies (DELL) Operating Expenses (2015 - 2026) Analysis & Trends
Dell Technologies (DELL) has 12 years of Operating Expenses data on file, last reported at $4.1 billion in Q2 2026.
- Quarterly Operating Expenses rose 9.38% year-over-year to $4.1 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $14.9 billion (changed 0.09% YoY) and the FY2026 annual result came in at $14.6 billion, down 3.03% from the prior year.
- Operating Expenses climbed to $4.1 billion in Q2 2026, from $3.6 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $4.6 billion in Q1 2023 to a low of $3.5 billion in Q4 2025.
- A 5-year average of $3.9 billion and a median of $3.9 billion in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 316.94% — and 2024, when it decreased 16.25%.
- Tracing DELL's Operating Expenses over 5 years: stood at $3.9 billion in 2022, then slipped by 7.17% to $3.7 billion in 2023, then slipped by 0.63% to $3.6 billion in 2024, then decreased by 4.53% to $3.5 billion in 2025, then gained by 18.77% to $4.1 billion in 2026.
- The last three Operating Expenses figures came in at $4.1 billion (Q2 2026), $3.6 billion (Q1 2026), and $3.5 billion (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 279.74 Bn | 268.16 Bn | 7.78 Bn | 4.13 Bn |
| 2 | Arista Networks | 233.03 Bn | 220.67 Bn | 1.68 Bn | 519.00 Mn |
| 3 | Sandisk | 191.00 Bn | 187.26 Bn | 4.66 Bn | 551.00 Mn |
| 4 | Seagate Technology Holdings | 182.93 Bn | 181.79 Bn | 1.45 Bn | 2.11 Bn |
| 5 | Western Digital | 180.27 Bn | 177.03 Bn | 1.68 Bn | 486.00 Mn |
| 6 | Everpure | 26.48 Bn | 24.98 Bn | 723.33 Mn | 703.39 Mn |
| 7 | Hp | 25.04 Bn | 21.33 Bn | 3.02 Bn | 2.40 Bn |
| 8 | Super Micro Computer | 17.15 Bn | 15.86 Bn | 1.02 Bn | 392.81 Mn |
| 9 | Logitech International | 15.08 Bn | 13.33 Bn | 607.94 Mn | 349.39 Mn |
| 10 | IonQ | 13.97 Bn | 11.94 Bn | 15.41 Mn | 336.18 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 1, 2026 | 4.13 Bn |
| Jan 30, 2026 | 3.64 Bn |
| Oct 31, 2025 | 3.47 Bn |
| Aug 1, 2025 | 3.67 Bn |
| May 2, 2025 | 3.77 Bn |
| Jan 31, 2025 | 3.52 Bn |
| Nov 1, 2024 | 3.64 Bn |
| Aug 2, 2024 | 3.97 Bn |
| May 3, 2024 | 3.89 Bn |
| Feb 2, 2024 | 3.83 Bn |
| Nov 3, 2023 | 3.66 Bn |
| Aug 4, 2023 | 4.22 Bn |
| May 5, 2023 | 3.95 Bn |
| Feb 3, 2023 | 4.57 Bn |
| Oct 28, 2022 | 3.95 Bn |
| Jul 29, 2022 | 4.17 Bn |
| Apr 29, 2022 | 4.23 Bn |
| Jan 28, 2022 | 4.01 Bn |
| Oct 29, 2021 | 4.49 Bn |
| Jul 30, 2021 | 4.46 Bn |