Dell Technologies Inc.
DELLpublicserverAI servers & infrastructure
Server and storage maker with a large AI-server backlog; fiscal year ends the Friday nearest January 31.
CAPEX in 2025
$2.6B
-0.7% on the year before, $2.7B · four calendar quarters, each as the company reported it
how it is counted
cash purchases of property and equipment in the calendar quarter, as the company's own cash-flow statement reports it. The year: the newest calendar year whose fourth quarter at least 90 % of filers have reported; a filer counts only if it reported all four quarters.
- Four quarters, 2025 Q3 – 2026 Q2 →+37.3% on the four before, $2.6B — its line in the Overview's league
how it is counted
per filer: the same four quarters, the four before them and the change; null where the filer did not report all four
- $3.6B
- Newest quarter · 2026 Q22.6% of revenue · +83.6% on a year before
how it is counted
Of revenue: the quarter's CAPEX as a share of the same quarter's revenue, where the company reports both. On a year before: the change on the same calendar quarter a year before, where the filer reported both.
- $1.24B
- Off the balance sheet →what it owes that its balance sheet does not carry, each fact counted once · verified 2026-09-28
- —
- Notes priced since 2024 →each tranche in the ledger as the company itself states it
- $19.0B
- Loans and credit facilities →new facilities as signed, from the company's own announcements
- $6.5B
- Debt due in 12 months →the company's own five-year schedule
- $4.5B
- Documents in the corpusthe company's own reports, announcements and earnings calls that the rules read
- 79
CAPEX by quarter
Cash purchases of property & equipment (cash-flow statement), on calendar quarters, each from the company's own reports; hover a bar for revenue, its share and the change on a year before. How CAPEX is read →
Quarters since 2022 Q4, as reported
15 rows
cash purchases of property and equipment in the calendar quarter, as the company's own cash-flow statement reports it. Each quarter is the three months as the company reports them, or its year-to-date figure less the one before. The site shows the quarters since 2022 Q4; the pipeline holds 35 of Dell's.
| 2026 Q2 | $1.24B | $46.97B | 2.6% | +83.6% |
| 2026 Q1 | $963M | $43.84B | 2.2% | +69.5% |
| 2025 Q4 | $721M | $33.38B | 2.2% | -1.9% |
| 2025 Q3 | $669M | $27.00B | 2.5% | +4.7% |
| 2025 Q2 | $675M | $29.78B | 2.3% | -1.0% |
| 2025 Q1 | $568M | $23.38B | 2.4% | -4.7% |
| 2024 Q4 | $735M | $23.93B | 3.1% | +1.1% |
| 2024 Q3 | $639M | $24.37B | 2.6% | -9.2% |
| 2024 Q2 | $682M | $25.03B | 2.7% | +9.3% |
| 2024 Q1 | $596M | $22.24B | 2.7% | -15.0% |
| 2023 Q4 | $727M | $22.32B | 3.3% | -4.2% |
| 2023 Q3 | $704M | $22.25B | 3.2% | -5.8% |
| 2023 Q2 | $624M | $22.93B | 2.7% | -22.7% |
| 2023 Q1 | $701M | $20.92B | 3.4% | +1.6% |
| 2022 Q4 | $759M | $25.04B | 3.0% | +2.6% |
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