Dell Technologies Inc. (DELL) balance sheet
NYSE · Technology · Computer Hardware · 97,000 employees · CEO Michael Saul Dell
- Price
- $424.16 -10.80%
- Market cap
- $270B
- Enterprise value
- $293B
- Last report
- Q2 '27 filed 2026-09-08
- Next report
- 2026-11-24 EPS est. $6.56
At the end of Q2 '27 Dell Technologies Inc. (DELL) held $11.6B in cash and short-term investments against $34.5B of debt incl. leases. Total assets $127B, total liabilities $129B, shareholders' equity -$1.43B.
Balance sheet
| Balance sheet | Trend | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $8.3B | $7.37B | $5.83B | $4.55B | $5.23B | $3.63B | $7.7B | $8.29B | $9.57B | $11.5B | $11.6B | $11.6B | |
| Receivables | $14.6B | $14B | $13.2B | $16.4B | $16.2B | $15.6B | $15.2B | $21B | $18.1B | $26B | $34.1B | $35.7B | |
| Inventory | $3.38B | $3.62B | $4.78B | $5.95B | $6.65B | $6.72B | $7.42B | $7.21B | $6.95B | $10.4B | $15.1B | $21.3B | |
| Other current assets | $10.7B | $11B | $10.8B | $10.7B | $9.97B | $10.3B | $12.6B | $8.43B | $8.44B | $9.59B | $9.89B | $12B | |
| Current assets | $37B | $36B | $34.6B | $37.5B | $38B | $36.2B | $42.9B | $45.5B | $43.1B | $57.6B | $70.6B | $80.5B | |
| Property, plant & equipment (net) | $6.93B | $6.43B | $6.24B | $6.3B | $6.33B | $6.34B | $6.38B | $6.46B | $6.54B | $6.68B | $6.95B | $7.42B | |
| Long-term investments | $1.29B | $1.32B | $1.29B | $1.3B | $1.31B | $1.5B | $1.59B | $7.67B | $8.49B | $1.73B | $2.48B | $2.68B | |
| Goodwill | $19.6B | $19.7B | $19.6B | $19.7B | $19.2B | $19.1B | $19.3B | $19.3B | $19.4B | $19.5B | $19.5B | $19.4B | |
| Intangible assets | $5.91B | $5.7B | $5.54B | $5.37B | $5.15B | $4.99B | $4.87B | $4.75B | $4.63B | $4.53B | $4.44B | $4.35B | |
| Other non-current assets | $12.5B | $13B | $12.9B | $12.5B | $11.9B | $11.6B | $11.8B | $5.46B | $5.37B | $11.2B | $10.9B | $13B | |
| Non-current assets | $46.3B | $46.1B | $45.6B | $45.1B | $43.9B | $43.5B | $43.9B | $43.7B | $44.4B | $43.7B | $44.3B | $46.8B | |
| Total assets | $83.3B | $82.1B | $80.2B | $82.7B | $82B | $79.7B | $86.9B | $89.2B | $87.5B | $101B | $115B | $127B | |
| Liabilities | |||||||||||||
| Accounts payable | $19.5B | $19.2B | $20.6B | $24.1B | $23.4B | $20.8B | $25.3B | $27.5B | $23.8B | $33.6B | $45.3B | $49.7B | |
| Accrued expenses | $0 | $6.83B | $6.02B | $6.37B | $6.49B | $6.6B | $6.32B | $6.49B | $0 | $0 | $8.59B | $10.7B | |
| Short-term debt | $6.5B | $6.98B | $6.1B | $6.71B | $5.61B | $5.2B | $4.85B | $7.4B | $7.39B | $7.99B | $7.55B | $8.48B | |
| Deferred revenue | $15.2B | $15.3B | $15B | $14.9B | $13.8B | $13.7B | $13.9B | $13.8B | $12.6B | $13.3B | $13.2B | $14.8B | |
| Other current liabilities | $6.2B | $0 | $0 | $0 | $211M | $221M | $0 | $0 | $6.68B | $8.32B | $0 | $0 | |
| Current liabilities | $48.9B | $48.4B | $47.7B | $52B | $49.5B | $46.5B | $50.4B | $54.9B | $50.5B | $63.3B | $74.6B | $83.7B | |
| Long-term debt | $20.1B | $19B | $19.4B | $17.8B | $19.4B | $19.4B | $23.9B | $21.5B | $23.8B | $23.5B | $23.6B | $26B | |
| Lease obligations (non-current) | $588M | $0 | $0 | $0 | $0 | $0 | $0 | $549M | $0 | $0 | $0 | $0 | |
| Deferred revenue (non-current) | $13.8B | $13.8B | $13.1B | $12.9B | $12.4B | $12.3B | $12.4B | $12.4B | $12.5B | $13.6B | $14.3B | $15B | |
| Deferred tax liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1B | $0 | $0 | $0 | $0 | |
| Other non-current liabilities | $2.4B | $3.07B | $2.68B | $2.78B | $2.81B | $2.95B | $3.12B | $1.57B | $3.28B | $3.38B | $3.85B | $4.18B | |
| Non-current liabilities | $37B | $35.9B | $35.2B | $33.5B | $34.6B | $34.6B | $39.5B | $37.1B | $39.6B | $40.5B | $41.7B | $45.1B | |
| Total liabilities | $85.8B | $84.3B | $82.9B | $85.5B | $84.1B | $81.1B | $89.9B | $91.9B | $90.1B | $104B | $116B | $129B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $8.74B | $8.93B | $8.61B | $8.78B | $8.95B | $9.12B | $8.96B | $9.13B | $9.28B | $9.46B | $0 | $9.28B | |
| Retained earnings | -$5.52B | -$4.45B | -$4B | -$3.48B | -$2.67B | -$1.16B | -$567M | $231M | $1.42B | $3.33B | $6.34B | $10.1B | |
| Accumulated other comprehensive income | -$823M | -$800M | -$805M | -$864M | -$820M | -$939M | -$926M | -$710M | -$654M | -$719M | -$709M | -$759M | |
| Shareholders' equity | -$2.66B | -$2.23B | -$2.82B | -$2.89B | -$2.29B | -$1.48B | -$3.02B | -$2.77B | -$2.62B | -$2.47B | -$1.4B | -$1.43B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $27.5B | $26B | $25.5B | $24.5B | $25B | $24.6B | $28.8B | $29.5B | $31.2B | $31.5B | $31.2B | $34.5B | |
| Net debt (debt - cash) | $19.2B | $18.6B | $19.7B | $20B | $19.8B | $20.9B | $21.1B | $21.2B | $21.7B | $20B | $19.6B | $22.9B | |
| Balance sheet | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $9.47B | $13.9B | $9.68B | $9.3B | $9.51B | $9.48B | $8.61B | $7.37B | $3.63B | $11.5B | |
| Short-term investments | $1.98B | $2.19B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Receivables | $12.6B | $15.6B | $16.8B | $17.4B | $16B | $18.1B | $18.1B | $14B | $15.6B | $26B | |
| Inventory | $2.54B | $2.68B | $3.65B | $3.28B | $3.4B | $5.9B | $4.78B | $3.62B | $6.72B | $10.4B | |
| Other current assets | $4.14B | $5.88B | $6.04B | $6.91B | $14.7B | $11.5B | $10.8B | $11B | $10.3B | $9.59B | |
| Current assets | $30.8B | $40.3B | $36.1B | $36.9B | $43.6B | $45B | $42.4B | $36B | $36.2B | $57.6B | |
| Property, plant & equipment (net) | $5.65B | $5.39B | $5.26B | $7.84B | $4.83B | $5.42B | $6.21B | $6.43B | $6.34B | $6.68B | |
| Long-term investments | $3.8B | $4.16B | $1.01B | $864M | $1.33B | $1.84B | $1.52B | $1.32B | $1.5B | $1.73B | |
| Goodwill | $38.9B | $39.9B | $40.1B | $41.7B | $20B | $19.8B | $19.7B | $19.7B | $19.1B | $19.5B | |
| Intangible assets | $35.1B | $28.3B | $22.3B | $18.1B | $9.12B | $7.46B | $6.47B | $5.7B | $4.99B | $4.53B | |
| Deferred tax assets | $0 | $0 | $654M | $5.96B | $6.23B | $0 | $0 | $0 | $0 | $0 | |
| Other non-current assets | $4.02B | $6.13B | $6.41B | $7.54B | $38.3B | $13.2B | $13.4B | $13B | $11.6B | $11.2B | |
| Non-current assets | $87.4B | $83.9B | $75.7B | $82B | $79.8B | $47.7B | $47.3B | $46.1B | $43.5B | $43.7B | |
| Total assets | $118B | $124B | $112B | $119B | $123B | $92.7B | $89.6B | $82.1B | $79.7B | $101B | |
| Liabilities | |||||||||||
| Accounts payable | $14.4B | $18.3B | $19.2B | $20.1B | $21.6B | $27.1B | $18.6B | $19.2B | $20.8B | $33.6B | |
| Accrued expenses | $405M | $367M | $1.56B | $1.73B | $7.17B | $7.58B | $8.87B | $6.83B | $6.6B | $0 | |
| Short-term debt | $6.33B | $7.87B | $4.32B | $7.74B | $6.36B | $5.82B | $6.57B | $6.98B | $5.2B | $7.99B | |
| Taxes payable | $943M | $1.23B | $1.4B | $1.77B | $1.62B | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $10.3B | $11.6B | $12.9B | $14.9B | $13.2B | $14.3B | $15.5B | $15.3B | $13.7B | $13.3B | |
| Other current liabilities | $5.77B | $6.43B | $5.54B | $5.85B | $3.94B | $0 | $0 | $0 | $221M | $8.32B | |
| Current liabilities | $38.1B | $45.8B | $45B | $52.5B | $54.1B | $56.2B | $51.7B | $48.4B | $46.5B | $63.3B | |
| Long-term debt | $43.1B | $44B | $49.2B | $44.3B | $32.9B | $21.1B | $23B | $19B | $19.4B | $23.5B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $1.36B | $1.79B | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue (non-current) | $8.43B | $9.21B | $11.1B | $12.9B | $12.4B | $13.3B | $14.7B | $13.8B | $12.3B | $13.6B | |
| Deferred tax liabilities | $8.61B | $6.11B | $5.53B | $3.11B | $2.17B | $0 | $0 | $0 | $0 | $0 | |
| Other non-current liabilities | $732M | $1.17B | $800M | $913M | $12B | $3.65B | $3.22B | $3.07B | $2.95B | $3.38B | |
| Non-current liabilities | $60.8B | $60.5B | $66.6B | $62.6B | $61.3B | $38.1B | $41B | $35.9B | $34.6B | $40.5B | |
| Total liabilities | $99B | $106B | $112B | $115B | $115B | $94.3B | $92.6B | $84.3B | $81.1B | $104B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $20.2B | $19.9B | $16.1B | $16.1B | $16.8B | $7.9B | $8.42B | $8.93B | $9.12B | $9.46B | |
| Retained earnings | -$5.61B | -$6.86B | -$21.3B | -$16.9B | -$13.8B | -$8.19B | -$6.73B | -$4.45B | -$1.16B | $3.33B | |
| Accumulated other comprehensive income | -$595M | $130M | -$467M | -$709M | -$314M | -$431M | -$1B | -$800M | -$939M | -$719M | |
| Shareholders' equity | $13.5B | $12.1B | -$4.57B | -$945M | $2.95B | -$1.69B | -$3.12B | -$2.23B | -$1.48B | -$2.47B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $49.4B | $51.9B | $53.5B | $53.8B | $41.4B | $27B | $29.6B | $26B | $24.6B | $31.5B | |
| Net debt (debt - cash) | $39.9B | $37.9B | $43.8B | $44.5B | $31.9B | $17.5B | $21B | $18.6B | $20.9B | $20B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-31, 10-Q 2026-05-01, 10-K 2026-01-30, 10-Q 2025-10-31, 10-Q 2025-08-01, 10-Q 2025-05-02, 10-K 2025-01-31, 10-Q 2024-11-01, 10-Q 2024-08-02
Data as of 2026-11-01