Dell Technologies Inc. (DELL) Revenue History
Annual and quarterly revenue from 2014 to present
DELL Revenue Over Time (2014–2026)
DELL Revenue Growth History
8 of 12 years with positive growth- FY2014 revenue growth
- N/A
- FY2015 revenue growth
- -4.3%
- FY2016 revenue growth
- -5.7%
- FY2017 revenue growth
- +22.1%
- FY2018 revenue growth
- +27.1%
- FY2019 revenue growth
- +14.7%
- FY2020 revenue growth
- -6.4%
- FY2021 revenue growth
- +2.2%
- FY2022 revenue growth
- +16.8%
- FY2023 revenue growth
- +1.1%
- FY2024 revenue growth
- -13.6%
- FY2025 revenue growth
- +8.1%
- FY2026 revenue growth
- +18.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2027 | $43.84B | +87.5% |
| Q4 2026 | $33.38B | +40.2% |
| Q3 2026 | $27.00B | +10.8% |
| Q2 2026 | $29.78B | +19.0% |
| Q1 2026 | $23.38B | +5.1% |
| Q4 2025 | $23.81B | +6.7% |
| Q3 2025 | $24.37B | +9.5% |
| Q2 2025 | $25.03B | +9.1% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2026)
DELL's revenue distribution by segment and geography for fiscal year 2026
By Product/Segment
By Geography
DELL Revenue Analysis (2014–2026)
Current Revenue & Growth
As of June 21, 2026, Dell Technologies Inc. (DELL) generated trailing twelve-month (TTM) revenue of $134.00 billion, reflecting explosive growth of +87.5% year-over-year. The most recent quarter (Q1 2027) recorded $43.84 billion in revenue, up 31.3% sequentially.
Historical Growth Trajectory
DELL's 5-year compound annual growth rate (CAGR) stands at +5.5%, indicating steady revenue expansion. The 3-year CAGR of +3.5% is below the 5-year average, signalling a growth deceleration in recent years. Dell Technologies Inc.'s highest annual revenue of $113.54 billion was recorded in 2026, an all-time high.
Revenue by Segment
DELL's revenue is primarily driven by Other Segments (98%), and Corporate, Non-Segment (2%). With over half of revenue concentrated in Other Segments, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including HPQ (+5.7% YoY), HPE (+23.2% YoY), and NTAP (+5.4% YoY) — DELL has outperformed the peer group in revenue growth. Compare DELL vs HPQ →
DELL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DELLCurrent | $134.0B | +87.5% | +5.5% | 7.4% | |
 HPQ | $55.3B | +5.7% | -0.5% | 6.6% | |
 HPE | $34.3B | +23.2% | +4.9% | 4.8% | |
 NTAP | $6.9B | +5.4% | +3.8% | 24.5% | |
 PSTG | $3.7B | +21.2% | +16.8% | 3.1% | |
 STX | $9.1B | +28.9% | -2.8% | 20.8% |
DELL Historical Revenue Data (2014–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $113.54B | +18.8% | $22.71B | 20.0% | $8.45B | 7.4% |
| 2025 | $95.57B | +8.1% | $21.25B | 22.2% | $6.24B | 6.5% |
| 2024 | $88.42B | -13.6% | $21.07B | 23.8% | $5.41B | 6.1% |
| 2023 | $102.30B | +1.1% | $22.69B | 22.2% | $5.77B | 5.6% |
| 2022 | $101.20B | +16.8% | $21.89B | 21.6% | $4.66B | 4.6% |
| 2021 | $86.67B | +2.2% | $20.14B | 23.2% | $3.69B | 4.3% |
| 2020 | $84.81B | -6.4% | $20.64B | 24.3% | $2.37B | 2.8% |
| 2019 | $90.62B | +14.7% | $25.05B | 27.6% | $-191,000,000 | -0.2% |
| 2018 | $79.04B | +27.1% | $20.54B | 26.0% | $-2,416,000,000 | -3.1% |
| 2017 | $62.16B | +22.1% | $13.65B | 22.0% | $-2,390,000,000 | -3.8% |
| 2016 | $50.91B | -5.7% | $8.39B | 16.5% | $-514,000,000 | -1.0% |
| 2015 | $53.98B | -4.3% | $8.74B | 16.2% | $-448,000,000 | -0.8% |
| 2014 | $56.38B | - | $9.48B | 16.8% | $-1,280,000,000 | -2.3% |
Full Stock Analysis
Deep dive into DELL consensus models and risk factors.
Should I Buy DELL?
Wall Street verdict, signals, and target summaries.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
12+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
DELL — Frequently Asked Questions
Quick answers to the most common questions about buying DELL stock.
Is DELL's revenue growth accelerating or slowing?
DELL revenue growth is accelerating. TTM revenue reached $134.0B, up +87.5% year-over-year — ahead of the 5-year CAGR of +5.5%. This indicates the business is expanding faster than its historical baseline.
What is DELL's revenue history from 2014 to 2026?
Dell Technologies Inc. (DELL) revenue history spans 2014 to 2026. TTM revenue as of 2026 is $134.0B, growing at +87.5% YoY. The 5-year CAGR is +5.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is DELL's long-term revenue growth rate (CAGR)?
Dell Technologies Inc.'s 5-year revenue CAGR of +5.5% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +87.5% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for DELL.
Why does DELL's quarterly revenue fluctuate?
DELL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Dell Technologies Inc.'s revenue data from 2014 to 2026 shows full historical quarterly detail on this page.
How is DELL's revenue distributed by segment?
DELL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does DELL's revenue compare to industry peers?
Dell Technologies Inc. (DELL) with TTM revenue of $134.0B and +87.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.