Dell Technologies (DELL) Shares Outstanding (Diluted) (2015 - 2026)
Dell Technologies (DELL) recorded Shares Outstanding (Diluted) of 652 million in fiscal Q2 2027 (quarter ended Jul 31, 2026), down 5.0% from 686 million a year earlier and down 0.6% from the prior quarter.
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Analysis
Dell Technologies (DELL) Shares Outstanding (Diluted) (2015 - 2026) Analysis & Trends
For FY2026 (ended Jan 30, 2026), Dell Technologies reported Shares Outstanding (Diluted) of 684 million, down 5.0% from FY2025.
- Annual Shares Outstanding (Diluted) has declined for four straight fiscal years, with a five-year compound annual growth rate of -2.3% (FY2021 to FY2026).
- Across earlier fiscal years, Shares Outstanding (Diluted) came in at 720 million in FY2025 (-2.2%), 736 million in FY2024 (-2.3%), 753 million in FY2023 (-4.8%) and 791 million in FY2022 (+3.1%).
- The fiscal Q2 2027 figure is the lowest quarterly Shares Outstanding (Diluted) in data going back to fiscal Q1 2016.
- On a year-over-year basis, Shares Outstanding (Diluted) has declined for 18 consecutive quarters, with an average decline of 4.5% over the last eight quarters.
- Peak year-over-year performance for Shares Outstanding (Diluted) in the last five years was growth of 3.1% in fiscal Q4 2022, against a decline of 6.6% in fiscal Q1 2027 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 656 million (Q1 2027), 684 million (Q4 2026) and 680 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 14.71 Bn |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 3.99 Bn |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 652.00 Mn |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | 1.28 Bn |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 155.00 Mn |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 229.00 Mn |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 383.00 Mn |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 6.01 Bn |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 74.60 Mn |
| 10 | Hewlett Packard Enterprise | 92.09 Bn | 69.97 Bn | 4.93 Bn | 1.45 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 652.00 Mn |
| May 1, 2026 | 656.00 Mn |
| Jan 30, 2026 | 684.00 Mn |
| Oct 31, 2025 | 680.00 Mn |
| Aug 1, 2025 | 686.00 Mn |
| May 2, 2025 | 702.00 Mn |
| Jan 31, 2025 | 720.00 Mn |
| Nov 1, 2024 | 717.00 Mn |
| Aug 2, 2024 | 724.00 Mn |
| May 3, 2024 | 727.00 Mn |
| Feb 2, 2024 | 736.00 Mn |
| Nov 3, 2023 | 740.00 Mn |
| Aug 4, 2023 | 738.00 Mn |
| May 5, 2023 | 737.00 Mn |
| Feb 3, 2023 | 753.00 Mn |
| Oct 28, 2022 | 743.00 Mn |
| Jul 29, 2022 | 755.00 Mn |
| Apr 29, 2022 | 780.00 Mn |
| Jan 28, 2022 | 791.00 Mn |
| Oct 29, 2021 | 788.00 Mn |
API Access
Dell Technologies Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=DELL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=DELL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();