Dell Technologies Inc. Reports Strong Financial Performance in 2026

Dell Technologies continues to lead in delivering a diverse range of technology solutions, including client devices, infrastructure solutions, and advanced technology offerings. The company operates through two main business units: the Infrastructure Solutions Group (ISG) and the Client Solutions Group (CSG), each contributing significantly to its overall success.

In fiscal 2026, Dell Technologies experienced a robust 19% increase in net revenue, reaching $113.5 billion. This growth was predominantly fueled by a staggering 40% rise in ISG revenue, driven by the increasing demand for AI-optimized servers. The CSG also reported a modest revenue increase, attributed to its commercial offerings.

Dell's revenue growth was notable across various regions, particularly in the Americas, where the demand for AI-optimized servers led to a 23.77% increase in revenue from $51.01 billion in 2025 to $63.14 billion in 2026. Foreign countries also contributed to revenue growth, with a 13.12% increase from $44.55 billion to $50.39 billion.

The revenue distribution by segments reveals the substantial growth of the Infrastructure Solutions Group (ISG), which reported $60.82 billion in revenue, marking a 39.53% increase from the previous year. The Client Solutions Group (CSG) generated $50.98 billion, a more modest growth of 5.35%. However, revenue from Corporate and other segments experienced a significant decline of 51.75% to $1.72 billion due to the cessation of VMware resale activities.

In terms of products and services, Dell's revenue from products surged to $90.40 billion, reflecting a 26.58% increase. Conversely, revenue from services declined to $23.13 billion, a 4.2% decrease, indicating a shift in focus toward product offerings.

Dell Technologies has undergone significant strategic changes, including the termination of its Commercial Framework Agreement with VMware in March 2024, following VMware's acquisition by Broadcom. This decision ended Dell's role as a distributor of VMware products, although the company continues to integrate VMware solutions within its offerings.

Additionally, the sale of Secureworks to Sophos Inc. for approximately $0.9 billion was completed in February 2025, resulting in a gain of $0.2 billion recognized in fiscal 2026.

Dell's balance sheet reflects a significant increase in total assets, which rose to $101.2 billion in 2026, compared to $79.74 billion in 2025. This growth is accompanied by total liabilities of $103.7 billion, resulting in total equity of -$2.47 billion.

The cash flow statement for 2026 indicates a net change in cash of $7.88 billion, a significant turnaround from the previous year's decline of $3.68 billion. The increase in cash was primarily driven by operational cash flow improvements, reflecting the company's strong financial performance.

Looking forward to fiscal 2027, Dell Technologies anticipates continued growth in ISG, driven by sustained demand for AI-optimized servers and networking solutions. Modest growth is also expected in CSG, supported by the ongoing PC refresh cycle. The company remains focused on maintaining disciplined cost management while investing in innovation and modernization initiatives.

Dell Technologies Inc. has showcased resilience and adaptability in a rapidly evolving technology landscape. With a strategic emphasis on AI and infrastructure solutions, the company is well-positioned for future growth. Ongoing modernization efforts and a strong focus on operational efficiency are expected to enhance customer satisfaction, ensuring Dell's continued prominence in the global technology sector.