Dell Technologies (DELL) Operating Expenses (2015 - 2026)
Dell Technologies (DELL) posted Operating Expenses of $4.1 billion for Q2 2026, up 13.41% quarter-over-quarter from $3.6 billion in Q1 2026, and up 9.38% year-on-year from $3.8 billion in Q2 2025.
Dell Technologies (DELL) Operating Expenses (2015 - 2026) Analysis & Trends
Dell Technologies (DELL) has reported Operating Expenses for 12 consecutive years, with $4.1 billion the latest figure, recorded in Q2 2026.
- Operating Expenses for Q2 2026 came in at $4.1 billion, up 9.38% year-over-year; the trailing twelve-month figure through May 2026 was $14.9 billion (changed 0.09% YoY), and the FY2026 annual result was $14.6 billion, down 3.03% from the prior year.
- Operating Expenses was $4.1 billion for Q2 2026 at Dell Technologies, up from $3.6 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $4.6 billion in Q1 2023 and troughed at $3.5 billion in Q4 2025.
- Average Operating Expenses over 5 years is $3.9 billion, with a median of $3.9 billion recorded in 2022.
- Year-over-year, Operating Expenses soared 316.94% in 2022 and dropped 16.25% in 2024.
- Over 5 years, Operating Expenses stood at $3.9 billion in 2022, then fell by 7.17% to $3.7 billion in 2023, then fell by 0.63% to $3.6 billion in 2024, then declined by 4.53% to $3.5 billion in 2025, then grew by 18.77% to $4.1 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $4.1 billion in Q2 2026, $3.6 billion in Q1 2026, and $3.5 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sandisk | 300.77 Bn | 297.03 Bn | 4.66 Bn | 551.00 Mn |
| 2 | Dell Technologies | 276.28 Bn | 264.70 Bn | 7.78 Bn | 4.13 Bn |
| 3 | Arista Networks | 209.63 Bn | 197.28 Bn | 1.68 Bn | 519.00 Mn |
| 4 | Western Digital | 204.64 Bn | 201.41 Bn | 1.68 Bn | 486.00 Mn |
| 5 | Seagate Technology Holdings | 202.26 Bn | 201.11 Bn | 1.45 Bn | 2.11 Bn |
| 6 | Everpure | 25.55 Bn | 24.23 Bn | 723.33 Mn | 703.39 Mn |
| 7 | Hp | 20.30 Bn | 16.60 Bn | 3.02 Bn | 2.40 Bn |
| 8 | Super Micro Computer | 16.60 Bn | 15.31 Bn | 1.02 Bn | 392.81 Mn |
| 9 | Logitech International | 13.89 Bn | 12.15 Bn | 483.28 Mn | 347.49 Mn |
| 10 | D-Wave Quantum | 8.64 Bn | 8.64 Bn | 1.82 Mn | 56.55 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 |