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US equity markets/AI Value chain/DELL

Dell

DELL·NYSE·USD

501.96+34.87 (+7.47%)

Regular-session close2026-10-27, 16:00 ET·Definitions

Price history2018-12-28 — 2026-10-23Valid trading days: 1,966 · Through 2026-10-23 · All expected trading dates since listing are present · History update delayed

Operating history2017-05-05 — 2026-07-3113 historical metrics · 38 workpaper periods

Coverage limitations

Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.

Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.

The first price observation reaches the verified listing date. This does not mean that security continuity, every trading day and adjusted prices have all been verified throughout the history.

The first price reaches the verified listing date 2018-12-28. Trading-date coverage and price verification are shown separately below.

Trading dates checked for 2018-12-28 — 2026-10-23: all 1,966 expected dates are present. Complete dates do not establish independent verification of every price.

Security basis: The current security identity and recorded historical continuity have been checked. Listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.

Original verification records

verified-listing-start-covered

History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z

Current Class C regular-way stock; 2016–2018 Class V VMware tracking stock and when-issued shares excluded.

View sources and versions ↗

Financial drivers from public filings · single quarter

Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.

Coverage and applicability

2017-05-05 — 2026-07-31 · Valid observations: 473. These observations analyze public financial data; they are not a standalone sector research report, score or price target. Company-wide figures do not replace segment, product or contract disclosures.

Cash purchases of productive assets / revenue: The selected capital-expenditure measure does not represent the broader concept of productive-asset purchases.

Price and operations

Research history

Reproducible calculations from public filings, without inferring segment-level results.

Period end is the end of the operating period. Source-publication mode uses the publication date of the document selected, without asserting that it was the first disclosure. Expand the notes below the chart for definitions and sources.

2026-10-23Last value in range

Time rangeDELL Share price

2025-10-23 — 2026-10-23

Methodology and controls

Each panel has its own value axis; dates and the cursor are synchronized. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Underlying data Operating metrics: 4

Observations in this chart, including unverified periods or dates · original values and source versions retained

Selected operating metrics; records with values and current chart gaps appear first. Unverified dates are excluded from charts.
Reporting period end	Gross margin% · Calculated from disclosures	Operating margin% · Calculated from disclosures	Net margin% · Calculated from disclosures	(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
2026-07-312026-07-31	20.93% Basis · Calculated from disclosures Source version date: 2026-09-08 View calculation inputs · 4 items Currency USD grossProfit 9,830,000,000 Revenue 46,971,000,000 Input source document 0 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2026-05-02 Period end 2026-07-31 value 9,830,000,000 Filing date 2026-09-08 form 10-Q accn 0001571996-26-000046 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000046 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2026-05-02 Period end 2026-07-31 value 46,971,000,000 Filing date 2026-09-08 form 10-Q accn 0001571996-26-000046 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000046 DELL · 10-Q · Filing version 2026-09-08	11.46% Basis · Calculated from disclosures Source version date: 2026-09-08 View calculation inputs · 4 items Currency USD operatingIncome 5,385,000,000 Revenue 46,971,000,000 Input source document 0 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2026-05-02 Period end 2026-07-31 value 5,385,000,000 Filing date 2026-09-08 form 10-Q accn 0001571996-26-000046 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000046 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2026-05-02 Period end 2026-07-31 value 46,971,000,000 Filing date 2026-09-08 form 10-Q accn 0001571996-26-000046 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000046 DELL · 10-Q · Filing version 2026-09-08	8.80% Basis · Calculated from disclosures Source version date: 2026-09-08 View calculation inputs · 4 items Currency USD Net income 4,133,000,000 Revenue 46,971,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2026-05-02 Period end 2026-07-31 value 4,133,000,000 Filing date 2026-09-08 form 10-Q accn 0001571996-26-000046 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000046 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2026-05-02 Period end 2026-07-31 value 46,971,000,000 Filing date 2026-09-08 form 10-Q accn 0001571996-26-000046 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000046 DELL · 10-Q · Filing version 2026-09-08	2.10% Basis · Calculated from disclosures Source version date: 2026-09-08 View calculation inputs · 5 items Currency USD Operating cash flow 2,225,000,000 Cash capital expenditure 1,239,000,000 Revenue 46,971,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2026-01-31 Period end 2026-07-31 value 6,306,000,000 Filing date 2026-09-08 form 10-Q accn 0001571996-26-000046 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000046 1 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2026-01-31 Period end 2026-05-01 value 4,081,000,000 Filing date 2026-06-09 form 10-Q accn 0001571996-26-000030 Input sign -1 sourceIds 0 dell-sec-0001571996-26-000030 2 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2026-01-31 Period end 2026-07-31 value 2,202,000,000 Filing date 2026-09-08 form 10-Q accn 0001571996-26-000046 Input sign -1 sourceIds 0 dell-sec-0001571996-26-000046 3 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2026-01-31 Period end 2026-05-01 value 963,000,000 Filing date 2026-06-09 form 10-Q accn 0001571996-26-000030 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000030 4 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2026-05-02 Period end 2026-07-31 value 46,971,000,000 Filing date 2026-09-08 form 10-Q accn 0001571996-26-000046 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000046 DELL · 10-Q · Filing version 2026-09-08 DELL · 10-Q · Filing version 2026-06-09
2026-05-012026-05-01	17.75% Basis · Calculated from disclosures Source version date: 2026-06-09 View calculation inputs · 4 items Currency USD grossProfit 7,782,000,000 Revenue 43,842,000,000 Input source document 0 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2026-01-31 Period end 2026-05-01 value 7,782,000,000 Filing date 2026-06-09 form 10-Q accn 0001571996-26-000030 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000030 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2026-01-31 Period end 2026-05-01 value 43,842,000,000 Filing date 2026-06-09 form 10-Q accn 0001571996-26-000030 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000030 DELL · 10-Q · Filing version 2026-06-09	8.34% Basis · Calculated from disclosures Source version date: 2026-06-09 View calculation inputs · 4 items Currency USD operatingIncome 3,656,000,000 Revenue 43,842,000,000 Input source document 0 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2026-01-31 Period end 2026-05-01 value 3,656,000,000 Filing date 2026-06-09 form 10-Q accn 0001571996-26-000030 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000030 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2026-01-31 Period end 2026-05-01 value 43,842,000,000 Filing date 2026-06-09 form 10-Q accn 0001571996-26-000030 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000030 DELL · 10-Q · Filing version 2026-06-09	7.84% Basis · Calculated from disclosures Source version date: 2026-06-09 View calculation inputs · 4 items Currency USD Net income 3,438,000,000 Revenue 43,842,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2026-01-31 Period end 2026-05-01 value 3,438,000,000 Filing date 2026-06-09 form 10-Q accn 0001571996-26-000030 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000030 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2026-01-31 Period end 2026-05-01 value 43,842,000,000 Filing date 2026-06-09 form 10-Q accn 0001571996-26-000030 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000030 DELL · 10-Q · Filing version 2026-06-09	7.11% Basis · Calculated from disclosures Source version date: 2026-06-09 View calculation inputs · 5 items Currency USD Operating cash flow 4,081,000,000 Cash capital expenditure 963,000,000 Revenue 43,842,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2026-01-31 Period end 2026-05-01 value 4,081,000,000 Filing date 2026-06-09 form 10-Q accn 0001571996-26-000030 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000030 1 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2026-01-31 Period end 2026-05-01 value 963,000,000 Filing date 2026-06-09 form 10-Q accn 0001571996-26-000030 Input sign -1 sourceIds 0 dell-sec-0001571996-26-000030 2 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2026-01-31 Period end 2026-05-01 value 43,842,000,000 Filing date 2026-06-09 form 10-Q accn 0001571996-26-000030 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000030 DELL · 10-Q · Filing version 2026-06-09
2026-01-302026-01-30	20.16% Basis · Calculated from disclosures Source version date: 2026-03-16 View calculation inputs · 4 items Currency USD grossProfit 6,730,000,000 Revenue 33,379,000,000 Input source document 0 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2025-02-01 Period end 2026-01-30 value 22,707,000,000 Filing date 2026-03-16 form 10-K accn 0001571996-26-000008 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000008 1 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2025-02-01 Period end 2025-10-31 value 15,977,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign -1 sourceIds 0 dell-sec-0001571996-25-000127 2 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-02-01 Period end 2026-01-30 value 113,538,000,000 Filing date 2026-03-16 form 10-K accn 0001571996-26-000008 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000008 3 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-02-01 Period end 2025-10-31 value 80,159,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign -1 sourceIds 0 dell-sec-0001571996-25-000127 DELL · 10-K · Filing version 2026-03-16 DELL · 10-Q · Filing version 2025-12-09	9.26% Basis · Calculated from disclosures Source version date: 2026-03-16 View calculation inputs · 4 items Currency USD operatingIncome 3,092,000,000 Revenue 33,379,000,000 Input source document 0 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2025-02-01 Period end 2026-01-30 value 8,149,000,000 Filing date 2026-03-16 form 10-K accn 0001571996-26-000008 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000008 1 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2025-02-01 Period end 2025-10-31 value 5,057,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign -1 sourceIds 0 dell-sec-0001571996-25-000127 2 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-02-01 Period end 2026-01-30 value 113,538,000,000 Filing date 2026-03-16 form 10-K accn 0001571996-26-000008 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000008 3 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-02-01 Period end 2025-10-31 value 80,159,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign -1 sourceIds 0 dell-sec-0001571996-25-000127 DELL · 10-K · Filing version 2026-03-16 DELL · 10-Q · Filing version 2025-12-09	6.77% Basis · Calculated from disclosures Source version date: 2026-03-16 View calculation inputs · 4 items Currency USD Net income 2,259,000,000 Revenue 33,379,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2025-02-01 Period end 2026-01-30 value 5,936,000,000 Filing date 2026-03-16 form 10-K accn 0001571996-26-000008 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000008 1 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2025-02-01 Period end 2025-10-31 value 3,677,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign -1 sourceIds 0 dell-sec-0001571996-25-000127 2 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-02-01 Period end 2026-01-30 value 113,538,000,000 Filing date 2026-03-16 form 10-K accn 0001571996-26-000008 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000008 3 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-02-01 Period end 2025-10-31 value 80,159,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign -1 sourceIds 0 dell-sec-0001571996-25-000127 DELL · 10-K · Filing version 2026-03-16 DELL · 10-Q · Filing version 2025-12-09	11.84% Basis · Calculated from disclosures Source version date: 2026-03-16 View calculation inputs · 5 items Currency USD Operating cash flow 4,674,000,000 Cash capital expenditure 721,000,000 Revenue 33,379,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2025-02-01 Period end 2026-01-30 value 11,185,000,000 Filing date 2026-03-16 form 10-K accn 0001571996-26-000008 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000008 1 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2025-02-01 Period end 2025-10-31 value 6,511,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign -1 sourceIds 0 dell-sec-0001571996-25-000127 2 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2025-02-01 Period end 2026-01-30 value 2,633,000,000 Filing date 2026-03-16 form 10-K accn 0001571996-26-000008 Input sign -1 sourceIds 0 dell-sec-0001571996-26-000008 3 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2025-02-01 Period end 2025-10-31 value 1,912,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign 1 sourceIds 0 dell-sec-0001571996-25-000127 4 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-02-01 Period end 2026-01-30 value 113,538,000,000 Filing date 2026-03-16 form 10-K accn 0001571996-26-000008 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000008 5 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-02-01 Period end 2025-10-31 value 80,159,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign -1 sourceIds 0 dell-sec-0001571996-25-000127 DELL · 10-K · Filing version 2026-03-16 DELL · 10-Q · Filing version 2025-12-09
2025-10-312025-10-31	20.71% Basis · Calculated from disclosures Source version date: 2025-12-09 View calculation inputs · 4 items Currency USD grossProfit 5,593,000,000 Revenue 27,005,000,000 Input source document 0 role numerator Original XBRL field us-gaap:GrossProfit Original unit USD Period start 2025-08-02 Period end 2025-10-31 value 5,593,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign 1 sourceIds 0 dell-sec-0001571996-25-000127 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-08-02 Period end 2025-10-31 value 27,005,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign 1 sourceIds 0 dell-sec-0001571996-25-000127 DELL · 10-Q · Filing version 2025-12-09	7.85% Basis · Calculated from disclosures Source version date: 2025-12-09 View calculation inputs · 4 items Currency USD operatingIncome 2,119,000,000 Revenue 27,005,000,000 Input source document 0 role numerator Original XBRL field us-gaap:OperatingIncomeLoss Original unit USD Period start 2025-08-02 Period end 2025-10-31 value 2,119,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign 1 sourceIds 0 dell-sec-0001571996-25-000127 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-08-02 Period end 2025-10-31 value 27,005,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign 1 sourceIds 0 dell-sec-0001571996-25-000127 DELL · 10-Q · Filing version 2025-12-09	5.73% Basis · Calculated from disclosures Source version date: 2025-12-09 View calculation inputs · 4 items Currency USD Net income 1,548,000,000 Revenue 27,005,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2025-08-02 Period end 2025-10-31 value 1,548,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign 1 sourceIds 0 dell-sec-0001571996-25-000127 1 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-08-02 Period end 2025-10-31 value 27,005,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign 1 sourceIds 0 dell-sec-0001571996-25-000127 DELL · 10-Q · Filing version 2025-12-09	1.86% Basis · Calculated from disclosures Source version date: 2026-09-08 View calculation inputs · 5 items Currency USD Operating cash flow 1,172,000,000 Cash capital expenditure 669,000,000 Revenue 27,005,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2025-02-01 Period end 2025-10-31 value 6,511,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign 1 sourceIds 0 dell-sec-0001571996-25-000127 1 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2025-02-01 Period end 2025-08-01 value 5,339,000,000 Filing date 2026-09-08 form 10-Q accn 0001571996-26-000046 Input sign -1 sourceIds 0 dell-sec-0001571996-26-000046 2 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2025-02-01 Period end 2025-10-31 value 1,912,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign -1 sourceIds 0 dell-sec-0001571996-25-000127 3 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2025-02-01 Period end 2025-08-01 value 1,243,000,000 Filing date 2026-09-08 form 10-Q accn 0001571996-26-000046 Input sign 1 sourceIds 0 dell-sec-0001571996-26-000046 4 role denominator Original XBRL field us-gaap:Revenues Original unit USD Period start 2025-08-02 Period end 2025-10-31 value 27,005,000,000 Filing date 2025-12-09 form 10-Q accn 0001571996-25-000127 Input sign 1 sourceIds 0 dell-sec-0001571996-25-000127 DELL · 10-Q · Filing version 2025-12-09 DELL · 10-Q · Filing version 2026-09-08

Calculations and sources 4 items

Gross margin% · Calculated from disclosures

Calculation basis

Gross profit / revenue × 100

Reading guide

Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

Operating margin% · Calculated from disclosures

Calculation basis

Operating income / revenue × 100

Reading guide

Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

Net margin% · Calculated from disclosures

Calculation basis

Selected net-income concept / revenue × 100

Reading guide

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures

Calculation basis

(Operating cash flow − cash purchases of PP&E) / revenue × 100

Reading guide

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

Business and research scope

How the business turns into revenue and cash, and what the available evidence can establish.

Company filings ↗

Dell Technologies Inc.. The quote provider classifies its industry as Computer Manufacturing. Structured segment, customer-mix and contract information is not yet available. Company information and original financial documents are provided below; business revenue is not inferred from supply-chain classification.

Company profile and filings

Legal name: Dell Technologies Inc.
Exchange / quote currency: NYSE / USD
Reporting currency: USD
Source industry classification: Computer Manufacturing
Financial period end / Source version used: 2026-07-31 / 2026-09-08
Value-chain roles (not revenue shares): AI servers and contract assembly

Check SEC filings index ↗

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MARKET DATA

Quote details

Candlesticks, volume and cross-company prices

501.96 +7.47%

2026-07-23 — 2026-10-23Price change over the selected period +3.89%

Daily · Provider split-adjusted prices, excluding dividends · USD · Valid closes: 1966 / trading dates: 1966Market data source

Compare company

MARKET & FUNDAMENTALS

Quote and valuation methodology

Data timestamps

Trading overview

Previous close: 467.09
Session open: 474.00
Session range: 472.43 – 507.39
Session volume: 6.42 M
20 Average daily volume: 6.57 M
Historical range: 12.93 – 595.51

Valuation and cash

Market cap · USD: 321.62 B
Price / sales · TTM: 2.13
Free cash flow yield: 2.66%

Financial denominator

Revenue · TTM: 151.20 B USD
Period end: 2026-07-31
Source version: 2026-09-08

Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end 2026-07-31

Research archiveNo standalone articles or full reports for this company have been included yet

Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。

Financial comparison

Select two specific periods to compare changes in scale, earnings and cash.

Quarter · As of 2026-07-31Source version used 2026-09-08 · Original currency USD

Current periodCompareUSD · Quarter

Current period 2026-05-02 — 2026-07-31Comparison period 2026-01-31 — 2026-05-01

Financial comparison of two defined periods; expand values for source records
Line item	Current period	Comparison period	Amount change	Growth
RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive	46.97 B Raw value 46,971,000,000.00 USD 2026-05-02 — 2026-07-31 · USD · Reported data Original filing ↗	43.84 B Raw value 43,842,000,000.00 USD 2026-01-31 — 2026-05-01 · USD · Reported data Original filing ↗	+3.13 B	+7.14%
Gross profitGross margin 20.93% · Change +3.18 percentage points	9.83 B Raw value 9,830,000,000.00 USD 2026-05-02 — 2026-07-31 · USD · Reported data Original filing ↗	7.78 B Raw value 7,782,000,000.00 USD 2026-01-31 — 2026-05-01 · USD · Reported data Original filing ↗	+2.05 B	+26.32%
Operating incomeOperating margin 11.46% · Change +3.13 percentage points	5.39 B Raw value 5,385,000,000.00 USD 2026-05-02 — 2026-07-31 · USD · Reported data Original filing ↗	3.66 B Raw value 3,656,000,000.00 USD 2026-01-31 — 2026-05-01 · USD · Reported data Original filing ↗	+1.73 B	+47.29%
Net incomeNet margin 8.80% · Change +0.96 percentage points	4.13 B Raw value 4,133,000,000.00 USD 2026-05-02 — 2026-07-31 · USD · Reported data Original filing ↗	3.44 B Raw value 3,438,000,000.00 USD 2026-01-31 — 2026-05-01 · USD · Reported data Original filing ↗	+695.00 M	+20.22%
Operating cash flowOperating cash flow / revenue 4.74% · Change -4.57 percentage points	2.23 BDerived by subtraction Raw value 2,225,000,000.00 USD 2026-05-02 — 2026-07-31 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2026-01-31 — 2026-07-31 · 6.31 B USD · Source version 2026-09-08 Subtract: 2026-01-31 — 2026-05-01 · 4.08 B USD · Source version 2026-06-09 Original calculation input 1 ↗Original calculation input 2 ↗	4.08 B Raw value 4,081,000,000.00 USD 2026-01-31 — 2026-05-01 · USD · Reported data Original filing ↗	-1.86 B	-45.48%
Capital expenditureCapital expenditure / revenue 2.64% · Change +0.44 percentage points	1.24 BDerived by subtraction Raw value 1,239,000,000.00 USD 2026-05-02 — 2026-07-31 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2026-01-31 — 2026-07-31 · 2.20 B USD · Source version 2026-09-08 Subtract: 2026-01-31 — 2026-05-01 · 963.00 M USD · Source version 2026-06-09 Original calculation input 1 ↗Original calculation input 2 ↗	963.00 M Raw value 963,000,000.00 USD 2026-01-31 — 2026-05-01 · USD · Reported data Original filing ↗	+276.00 M	+28.66%

The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.

Historical trends and full financials

Comparable-period financial trends

2026-07-31Last value in range

Time rangeRevenue

2017-05-05 — 2026-07-31

Methodology and controls

Series with the same unit and frequency share a value axis. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Scroll to see all periods; select a value to open its source →

Quarterly financials, USD. Records without verified periods or units are excluded from comparison columns.
Reporting period end · USD	2017-05-05	2017-08-04	2017-11-03	2018-02-02	2018-05-04	2018-08-03	2018-11-02	2019-02-01	2019-05-03	2019-08-02	2019-11-01	2020-01-31	2020-05-01	2020-07-31	2020-10-30	2021-01-29	2021-04-30	2021-07-30	2021-10-29	2022-01-28	2022-04-29	2022-07-29	2022-10-28	2023-02-03	2023-05-05	2023-08-04	2023-11-03	2024-02-02	2024-05-03	2024-08-02	2024-11-01	2025-01-31	2025-05-02	2025-08-01	2025-10-31	2026-01-30	2026-05-01	2026-07-31
Revenue	18.00 B Raw value 18,000,000,000.00 USD 2017-02-04 — 2017-05-05 · USD · Reported data Original filing ↗	19.52 B Raw value 19,521,000,000.00 USD 2017-05-06 — 2017-08-04 · USD · Reported data Original filing ↗	19.56 B Raw value 19,556,000,000.00 USD 2017-08-05 — 2017-11-03 · USD · Reported data Original filing ↗	21.96 B Raw value 21,963,000,000.00 USD 2017-11-04 — 2018-02-02 · USD · Reported data Original filing ↗	21.36 B Raw value 21,356,000,000.00 USD 2018-02-03 — 2018-05-04 · USD · Reported data Original filing ↗	22.94 B Raw value 22,942,000,000.00 USD 2018-05-05 — 2018-08-03 · USD · Reported data Original filing ↗	22.48 B Raw value 22,482,000,000.00 USD 2018-08-04 — 2018-11-02 · USD · Reported data Original filing ↗	23.84 B Raw value 23,841,000,000.00 USD 2018-11-03 — 2019-02-01 · USD · Reported data Original filing ↗	21.91 B Raw value 21,908,000,000.00 USD 2019-02-02 — 2019-05-03 · USD · Reported data Original filing ↗	23.37 B Raw value 23,370,000,000.00 USD 2019-05-04 — 2019-08-02 · USD · Reported data Original filing ↗	22.84 B Raw value 22,844,000,000.00 USD 2019-08-03 — 2019-11-01 · USD · Reported data Original filing ↗	24.03 B Raw value 24,032,000,000.00 USD 2019-11-02 — 2020-01-31 · USD · Reported data Original filing ↗	20.08 B Raw value 20,078,000,000.00 USD 2020-02-01 — 2020-05-01 · USD · Reported data Original filing ↗	20.85 B Raw value 20,853,000,000.00 USD 2020-05-02 — 2020-07-31 · USD · Reported data Original filing ↗	21.59 B Raw value 21,589,000,000.00 USD 2020-08-01 — 2020-10-30 · USD · Reported data Original filing ↗	24.15 B Raw value 24,150,000,000.00 USD 2020-10-31 — 2021-01-29 · USD · Reported data Original filing ↗	22.59 B Raw value 22,590,000,000.00 USD 2021-01-30 — 2021-04-30 · USD · Reported data Original filing ↗	24.19 B Raw value 24,191,000,000.00 USD 2021-05-01 — 2021-07-30 · USD · Reported data Original filing ↗	26.42 B Raw value 26,424,000,000.00 USD 2021-07-31 — 2021-10-29 · USD · Reported data Original filing ↗	27.99 B Raw value 27,992,000,000.00 USD 2021-10-30 — 2022-01-28 · USD · Reported data Original filing ↗	26.12 B Raw value 26,116,000,000.00 USD 2022-01-29 — 2022-04-29 · USD · Reported data Original filing ↗	26.43 B Raw value 26,425,000,000.00 USD 2022-04-30 — 2022-07-29 · USD · Reported data Original filing ↗	24.72 B Raw value 24,721,000,000.00 USD 2022-07-30 — 2022-10-28 · USD · Reported data Original filing ↗	25.04 BDerived by subtraction Raw value 25,039,000,000.00 USD 2022-10-29 — 2023-02-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2022-01-29 — 2023-02-03 · 102.30 B USD · Source version 2025-03-25 Subtract: 2022-01-29 — 2022-10-28 · 77.26 B USD · Source version 2023-12-08 Original calculation input 1 ↗Original calculation input 2 ↗	20.92 B Raw value 20,922,000,000.00 USD 2023-02-04 — 2023-05-05 · USD · Reported data Original filing ↗	22.93 B Raw value 22,934,000,000.00 USD 2023-05-06 — 2023-08-04 · USD · Reported data Original filing ↗	22.25 B Raw value 22,251,000,000.00 USD 2023-08-05 — 2023-11-03 · USD · Reported data Original filing ↗	22.32 B Raw value 22,318,000,000.00 USD 2023-11-04 — 2024-02-02 · USD · Reported data Original filing ↗	22.24 B Raw value 22,244,000,000.00 USD 2024-02-03 — 2024-05-03 · USD · Reported data Original filing ↗	25.03 B Raw value 25,026,000,000.00 USD 2024-05-04 — 2024-08-02 · USD · Reported data Original filing ↗	24.37 B Raw value 24,366,000,000.00 USD 2024-08-03 — 2024-11-01 · USD · Reported data Original filing ↗	23.93 B Raw value 23,931,000,000.00 USD 2024-11-02 — 2025-01-31 · USD · Reported data Original filing ↗	23.38 B Raw value 23,378,000,000.00 USD 2025-02-01 — 2025-05-02 · USD · Reported data Original filing ↗	29.78 B Raw value 29,776,000,000.00 USD 2025-05-03 — 2025-08-01 · USD · Reported data Original filing ↗	27.01 B Raw value 27,005,000,000.00 USD 2025-08-02 — 2025-10-31 · USD · Reported data Original filing ↗	33.38 BDerived by subtraction Raw value 33,379,000,000.00 USD 2025-11-01 — 2026-01-30 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-02-01 — 2026-01-30 · 113.54 B USD · Source version 2026-03-16 Subtract: 2025-02-01 — 2025-10-31 · 80.16 B USD · Source version 2025-12-09 Original calculation input 1 ↗Original calculation input 2 ↗	43.84 B Raw value 43,842,000,000.00 USD 2026-01-31 — 2026-05-01 · USD · Reported data Original filing ↗	46.97 B Raw value 46,971,000,000.00 USD 2026-05-02 — 2026-07-31 · USD · Reported data Original filing ↗
Gross profit	4.46 B Raw value 4,457,000,000.00 USD 2017-02-04 — 2017-05-05 · USD · Reported data Original filing ↗	4.97 B Raw value 4,968,000,000.00 USD 2017-05-06 — 2017-08-04 · USD · Reported data Original filing ↗	5.22 B Raw value 5,220,000,000.00 USD 2017-08-05 — 2017-11-03 · USD · Reported data Original filing ↗	5.89 B Raw value 5,892,000,000.00 USD 2017-11-04 — 2018-02-02 · USD · Reported data Original filing ↗	5.88 B Raw value 5,878,000,000.00 USD 2018-02-03 — 2018-05-04 · USD · Reported data Original filing ↗	6.12 B Raw value 6,123,000,000.00 USD 2018-05-05 — 2018-08-03 · USD · Reported data Original filing ↗	5.94 B Raw value 5,943,000,000.00 USD 2018-08-04 — 2018-11-02 · USD · Reported data Original filing ↗	7.11 B Raw value 7,109,000,000.00 USD 2018-11-03 — 2019-02-01 · USD · Reported data Original filing ↗	6.80 B Raw value 6,797,000,000.00 USD 2019-02-02 — 2019-05-03 · USD · Reported data Original filing ↗	7.33 B Raw value 7,326,000,000.00 USD 2019-05-04 — 2019-08-02 · USD · Reported data Original filing ↗	7.13 B Raw value 7,126,000,000.00 USD 2019-08-03 — 2019-11-01 · USD · Reported data Original filing ↗	7.68 B Raw value 7,684,000,000.00 USD 2019-11-02 — 2020-01-31 · USD · Reported data Original filing ↗	4.72 B Raw value 4,715,000,000.00 USD 2020-02-01 — 2020-05-01 · USD · Reported data Original filing ↗	4.88 B Raw value 4,877,000,000.00 USD 2020-05-02 — 2020-07-31 · USD · Reported data Original filing ↗	5.02 B Raw value 5,024,000,000.00 USD 2020-08-01 — 2020-10-30 · USD · Reported data Original filing ↗	5.52 B Raw value 5,524,000,000.00 USD 2020-10-31 — 2021-01-29 · USD · Reported data Original filing ↗	5.26 B Raw value 5,264,000,000.00 USD 2021-01-30 — 2021-04-30 · USD · Reported data Original filing ↗	5.48 B Raw value 5,475,000,000.00 USD 2021-05-01 — 2021-07-30 · USD · Reported data Original filing ↗	5.53 B Raw value 5,534,000,000.00 USD 2021-07-31 — 2021-10-29 · USD · Reported data Original filing ↗	5.62 B Raw value 5,618,000,000.00 USD 2021-10-30 — 2022-01-28 · USD · Reported data Original filing ↗	5.78 B Raw value 5,784,000,000.00 USD 2022-01-29 — 2022-04-29 · USD · Reported data Original filing ↗	5.44 B Raw value 5,439,000,000.00 USD 2022-04-30 — 2022-07-29 · USD · Reported data Original filing ↗	5.71 B Raw value 5,707,000,000.00 USD 2022-07-30 — 2022-10-28 · USD · Reported data Original filing ↗	5.76 BDerived by subtraction Raw value 5,756,000,000.00 USD 2022-10-29 — 2023-02-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2022-01-29 — 2023-02-03 · 22.69 B USD · Source version 2025-03-25 Subtract: 2022-01-29 — 2022-10-28 · 16.93 B USD · Source version 2023-12-08 Original calculation input 1 ↗Original calculation input 2 ↗	5.08 B Raw value 5,080,000,000.00 USD 2023-02-04 — 2023-05-05 · USD · Reported data Original filing ↗	5.42 B Raw value 5,416,000,000.00 USD 2023-05-06 — 2023-08-04 · USD · Reported data Original filing ↗	5.20 B Raw value 5,201,000,000.00 USD 2023-08-05 — 2023-11-03 · USD · Reported data Original filing ↗	5.37 B Raw value 5,372,000,000.00 USD 2023-11-04 — 2024-02-02 · USD · Reported data Original filing ↗	4.85 B Raw value 4,851,000,000.00 USD 2024-02-03 — 2024-05-03 · USD · Reported data Original filing ↗	5.36 B Raw value 5,361,000,000.00 USD 2024-05-04 — 2024-08-02 · USD · Reported data Original filing ↗	5.36 B Raw value 5,360,000,000.00 USD 2024-08-03 — 2024-11-01 · USD · Reported data Original filing ↗	5.68 B Raw value 5,678,000,000.00 USD 2024-11-02 — 2025-01-31 · USD · Reported data Original filing ↗	4.94 B Raw value 4,937,000,000.00 USD 2025-02-01 — 2025-05-02 · USD · Reported data Original filing ↗	5.45 B Raw value 5,447,000,000.00 USD 2025-05-03 — 2025-08-01 · USD · Reported data Original filing ↗	5.59 B Raw value 5,593,000,000.00 USD 2025-08-02 — 2025-10-31 · USD · Reported data Original filing ↗	6.73 BDerived by subtraction Raw value 6,730,000,000.00 USD 2025-11-01 — 2026-01-30 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-02-01 — 2026-01-30 · 22.71 B USD · Source version 2026-03-16 Subtract: 2025-02-01 — 2025-10-31 · 15.98 B USD · Source version 2025-12-09 Original calculation input 1 ↗Original calculation input 2 ↗	7.78 B Raw value 7,782,000,000.00 USD 2026-01-31 — 2026-05-01 · USD · Reported data Original filing ↗	9.83 B Raw value 9,830,000,000.00 USD 2026-05-02 — 2026-07-31 · USD · Reported data Original filing ↗
Operating income	-1.27 B Raw value -1,272,000,000.00 USD 2017-02-04 — 2017-05-05 · USD · Reported data Original filing ↗	-665.00 M Raw value -665,000,000.00 USD 2017-05-06 — 2017-08-04 · USD · Reported data Original filing ↗	-410.00 M Raw value -410,000,000.00 USD 2017-08-05 — 2017-11-03 · USD · Reported data Original filing ↗	-69.00 MDerived by subtraction Raw value -69,000,000.00 USD 2017-11-04 — 2018-02-02 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2017-02-04 — 2018-02-02 · -2.42 B USD · Source version 2020-03-27 Subtract: 2017-02-04 — 2017-11-03 · -2.35 B USD · Source version 2018-12-10 Original calculation input 1 ↗Original calculation input 2 ↗	-153.00 M Raw value -153,000,000.00 USD 2018-02-03 — 2018-05-04 · USD · Reported data Original filing ↗	-13.00 M Raw value -13,000,000.00 USD 2018-05-05 — 2018-08-03 · USD · Reported data Original filing ↗	-356.00 M Raw value -356,000,000.00 USD 2018-08-04 — 2018-11-02 · USD · Reported data Original filing ↗	331.00 MDerived by subtraction Raw value 331,000,000.00 USD 2018-11-03 — 2019-02-01 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2018-02-03 — 2019-02-01 · -191.00 M USD · Source version 2021-03-26 Subtract: 2018-02-03 — 2018-11-02 · -522.00 M USD · Source version 2019-12-09 Original calculation input 1 ↗Original calculation input 2 ↗	550.00 M Raw value 550,000,000.00 USD 2019-02-02 — 2019-05-03 · USD · Reported data Original filing ↗	519.00 M Raw value 519,000,000.00 USD 2019-05-04 — 2019-08-02 · USD · Reported data Original filing ↗	836.00 M Raw value 836,000,000.00 USD 2019-08-03 — 2019-11-01 · USD · Reported data Original filing ↗	461.00 MDerived by subtraction Raw value 461,000,000.00 USD 2019-11-02 — 2020-01-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2019-02-02 — 2020-01-31 · 2.37 B USD · Source version 2022-03-24 Subtract: 2019-02-02 — 2019-11-01 · 1.91 B USD · Source version 2020-12-07 Original calculation input 1 ↗Original calculation input 2 ↗	702.00 M Raw value 702,000,000.00 USD 2020-02-01 — 2020-05-01 · USD · Reported data Original filing ↗	1.14 B Raw value 1,136,000,000.00 USD 2020-05-02 — 2020-07-31 · USD · Reported data Original filing ↗	1.13 B Raw value 1,129,000,000.00 USD 2020-08-01 — 2020-10-30 · USD · Reported data Original filing ↗	718.00 MDerived by subtraction Raw value 718,000,000.00 USD 2020-10-31 — 2021-01-29 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2020-02-01 — 2021-01-29 · 3.69 B USD · Source version 2023-03-30 Subtract: 2020-02-01 — 2020-10-30 · 2.97 B USD · Source version 2021-12-03 Original calculation input 1 ↗Original calculation input 2 ↗	987.00 M Raw value 987,000,000.00 USD 2021-01-30 — 2021-04-30 · USD · Reported data Original filing ↗	1.02 B Raw value 1,017,000,000.00 USD 2021-05-01 — 2021-07-30 · USD · Reported data Original filing ↗	1.05 B Raw value 1,046,000,000.00 USD 2021-07-31 — 2021-10-29 · USD · Reported data Original filing ↗	1.61 BDerived by subtraction Raw value 1,609,000,000.00 USD 2021-10-30 — 2022-01-28 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2021-01-30 — 2022-01-28 · 4.66 B USD · Source version 2024-03-25 Subtract: 2021-01-30 — 2021-10-29 · 3.05 B USD · Source version 2022-12-05 Original calculation input 1 ↗Original calculation input 2 ↗	1.55 B Raw value 1,550,000,000.00 USD 2022-01-29 — 2022-04-29 · USD · Reported data Original filing ↗	1.27 B Raw value 1,270,000,000.00 USD 2022-04-30 — 2022-07-29 · USD · Reported data Original filing ↗	1.76 B Raw value 1,762,000,000.00 USD 2022-07-30 — 2022-10-28 · USD · Reported data Original filing ↗	1.19 BDerived by subtraction Raw value 1,189,000,000.00 USD 2022-10-29 — 2023-02-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2022-01-29 — 2023-02-03 · 5.77 B USD · Source version 2025-03-25 Subtract: 2022-01-29 — 2022-10-28 · 4.58 B USD · Source version 2023-12-08 Original calculation input 1 ↗Original calculation input 2 ↗	1.13 B Raw value 1,131,000,000.00 USD 2023-02-04 — 2023-05-05 · USD · Reported data Original filing ↗	1.19 B Raw value 1,194,000,000.00 USD 2023-05-06 — 2023-08-04 · USD · Reported data Original filing ↗	1.54 B Raw value 1,539,000,000.00 USD 2023-08-05 — 2023-11-03 · USD · Reported data Original filing ↗	1.55 B Raw value 1,547,000,000.00 USD 2023-11-04 — 2024-02-02 · USD · Reported data Original filing ↗	965.00 M Raw value 965,000,000.00 USD 2024-02-03 — 2024-05-03 · USD · Reported data Original filing ↗	1.39 B Raw value 1,392,000,000.00 USD 2024-05-04 — 2024-08-02 · USD · Reported data Original filing ↗	1.72 B Raw value 1,721,000,000.00 USD 2024-08-03 — 2024-11-01 · USD · Reported data Original filing ↗	2.16 B Raw value 2,159,000,000.00 USD 2024-11-02 — 2025-01-31 · USD · Reported data Original filing ↗	1.17 B Raw value 1,165,000,000.00 USD 2025-02-01 — 2025-05-02 · USD · Reported data Original filing ↗	1.77 B Raw value 1,773,000,000.00 USD 2025-05-03 — 2025-08-01 · USD · Reported data Original filing ↗	2.12 B Raw value 2,119,000,000.00 USD 2025-08-02 — 2025-10-31 · USD · Reported data Original filing ↗	3.09 BDerived by subtraction Raw value 3,092,000,000.00 USD 2025-11-01 — 2026-01-30 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-02-01 — 2026-01-30 · 8.15 B USD · Source version 2026-03-16 Subtract: 2025-02-01 — 2025-10-31 · 5.06 B USD · Source version 2025-12-09 Original calculation input 1 ↗Original calculation input 2 ↗	3.66 B Raw value 3,656,000,000.00 USD 2026-01-31 — 2026-05-01 · USD · Reported data Original filing ↗	5.39 B Raw value 5,385,000,000.00 USD 2026-05-02 — 2026-07-31 · USD · Reported data Original filing ↗
Net income	-1.17 B Raw value -1,171,000,000.00 USD 2017-02-04 — 2017-05-05 · USD · Reported data Original filing ↗	-732.00 M Raw value -732,000,000.00 USD 2017-05-06 — 2017-08-04 · USD · Reported data Original filing ↗	-846.00 M Raw value -846,000,000.00 USD 2017-08-05 — 2017-11-03 · USD · Reported data Original filing ↗	-100.00 M Raw value -100,000,000.00 USD 2017-11-04 — 2018-02-02 · USD · Reported data Original filing ↗	-636.00 M Raw value -636,000,000.00 USD 2018-02-03 — 2018-05-04 · USD · Reported data Original filing ↗	-499.00 M Raw value -499,000,000.00 USD 2018-05-05 — 2018-08-03 · USD · Reported data Original filing ↗	-876.00 M Raw value -876,000,000.00 USD 2018-08-04 — 2018-11-02 · USD · Reported data Original filing ↗	-299.00 M Raw value -299,000,000.00 USD 2018-11-03 — 2019-02-01 · USD · Reported data Original filing ↗	293.00 M Raw value 293,000,000.00 USD 2019-02-02 — 2019-05-03 · USD · Reported data Original filing ↗	3.42 B Raw value 3,416,000,000.00 USD 2019-05-04 — 2019-08-02 · USD · Reported data Original filing ↗	499.00 M Raw value 499,000,000.00 USD 2019-08-03 — 2019-11-01 · USD · Reported data Original filing ↗	408.00 M Raw value 408,000,000.00 USD 2019-11-02 — 2020-01-31 · USD · Reported data Original filing ↗	143.00 M Raw value 143,000,000.00 USD 2020-02-01 — 2020-05-01 · USD · Reported data Original filing ↗	1.05 B Raw value 1,048,000,000.00 USD 2020-05-02 — 2020-07-31 · USD · Reported data Original filing ↗	832.00 M Raw value 832,000,000.00 USD 2020-08-01 — 2020-10-30 · USD · Reported data Original filing ↗	1.23 B Raw value 1,227,000,000.00 USD 2020-10-31 — 2021-01-29 · USD · Reported data Original filing ↗	887.00 M Raw value 887,000,000.00 USD 2021-01-30 — 2021-04-30 · USD · Reported data Original filing ↗	831.00 M Raw value 831,000,000.00 USD 2021-05-01 — 2021-07-30 · USD · Reported data Original filing ↗	3.84 B Raw value 3,843,000,000.00 USD 2021-07-31 — 2021-10-29 · USD · Reported data Original filing ↗	2.00 M Raw value 2,000,000.00 USD 2021-10-30 — 2022-01-28 · USD · Reported data Original filing ↗	1.07 B Raw value 1,072,000,000.00 USD 2022-01-29 — 2022-04-29 · USD · Reported data Original filing ↗	511.00 M Raw value 511,000,000.00 USD 2022-04-30 — 2022-07-29 · USD · Reported data Original filing ↗	245.00 M Raw value 245,000,000.00 USD 2022-07-30 — 2022-10-28 · USD · Reported data Original filing ↗	614.00 MDerived by subtraction Raw value 614,000,000.00 USD 2022-10-29 — 2023-02-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2022-01-29 — 2023-02-03 · 2.44 B USD · Source version 2025-03-25 Subtract: 2022-01-29 — 2022-10-28 · 1.83 B USD · Source version 2023-12-08 Original calculation input 1 ↗Original calculation input 2 ↗	637.00 M Raw value 637,000,000.00 USD 2023-02-04 — 2023-05-05 · USD · Reported data Original filing ↗	489.00 M Raw value 489,000,000.00 USD 2023-05-06 — 2023-08-04 · USD · Reported data Original filing ↗	1.05 B Raw value 1,052,000,000.00 USD 2023-08-05 — 2023-11-03 · USD · Reported data Original filing ↗	1.21 B Raw value 1,210,000,000.00 USD 2023-11-04 — 2024-02-02 · USD · Reported data Original filing ↗	997.00 M Raw value 997,000,000.00 USD 2024-02-03 — 2024-05-03 · USD · Reported data Original filing ↗	887.00 M Raw value 887,000,000.00 USD 2024-05-04 — 2024-08-02 · USD · Reported data Original filing ↗	1.18 B Raw value 1,175,000,000.00 USD 2024-08-03 — 2024-11-01 · USD · Reported data Original filing ↗	1.53 B Raw value 1,533,000,000.00 USD 2024-11-02 — 2025-01-31 · USD · Reported data Original filing ↗	965.00 M Raw value 965,000,000.00 USD 2025-02-01 — 2025-05-02 · USD · Reported data Original filing ↗	1.16 B Raw value 1,164,000,000.00 USD 2025-05-03 — 2025-08-01 · USD · Reported data Original filing ↗	1.55 B Raw value 1,548,000,000.00 USD 2025-08-02 — 2025-10-31 · USD · Reported data Original filing ↗	2.26 BDerived by subtraction Raw value 2,259,000,000.00 USD 2025-11-01 — 2026-01-30 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-02-01 — 2026-01-30 · 5.94 B USD · Source version 2026-03-16 Subtract: 2025-02-01 — 2025-10-31 · 3.68 B USD · Source version 2025-12-09 Original calculation input 1 ↗Original calculation input 2 ↗	3.44 B Raw value 3,438,000,000.00 USD 2026-01-31 — 2026-05-01 · USD · Reported data Original filing ↗	4.13 B Raw value 4,133,000,000.00 USD 2026-05-02 — 2026-07-31 · USD · Reported data Original filing ↗
Operating cash flow	285.00 M Raw value 285,000,000.00 USD 2017-02-04 — 2017-05-05 · USD · Reported data Original filing ↗	1.82 BDerived by subtraction Raw value 1,820,000,000.00 USD 2017-05-06 — 2017-08-04 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2017-02-04 — 2017-08-04 · 2.11 B USD · Source version 2018-09-11 Subtract: 2017-02-04 — 2017-05-05 · 285.00 M USD · Source version 2018-06-12 Original calculation input 1 ↗Original calculation input 2 ↗	1.64 BDerived by subtraction Raw value 1,639,000,000.00 USD 2017-08-05 — 2017-11-03 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2017-02-04 — 2017-11-03 · 3.74 B USD · Source version 2018-12-10 Subtract: 2017-02-04 — 2017-08-04 · 2.11 B USD · Source version 2018-09-11 Original calculation input 1 ↗Original calculation input 2 ↗	3.10 BDerived by subtraction Raw value 3,099,000,000.00 USD 2017-11-04 — 2018-02-02 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2017-02-04 — 2018-02-02 · 6.84 B USD · Source version 2020-03-27 Subtract: 2017-02-04 — 2017-11-03 · 3.74 B USD · Source version 2018-12-10 Original calculation input 1 ↗Original calculation input 2 ↗	1.16 B Raw value 1,159,000,000.00 USD 2018-02-03 — 2018-05-04 · USD · Reported data Original filing ↗	2.63 BDerived by subtraction Raw value 2,633,000,000.00 USD 2018-05-05 — 2018-08-03 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2018-02-03 — 2018-08-03 · 3.79 B USD · Source version 2019-09-10 Subtract: 2018-02-03 — 2018-05-04 · 1.16 B USD · Source version 2019-06-10 Original calculation input 1 ↗Original calculation input 2 ↗	833.00 MDerived by subtraction Raw value 833,000,000.00 USD 2018-08-04 — 2018-11-02 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2018-02-03 — 2018-11-02 · 4.63 B USD · Source version 2019-12-09 Subtract: 2018-02-03 — 2018-08-03 · 3.79 B USD · Source version 2019-09-10 Original calculation input 1 ↗Original calculation input 2 ↗	2.37 BDerived by subtraction Raw value 2,366,000,000.00 USD 2018-11-03 — 2019-02-01 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2018-02-03 — 2019-02-01 · 6.99 B USD · Source version 2021-03-26 Subtract: 2018-02-03 — 2018-11-02 · 4.63 B USD · Source version 2019-12-09 Original calculation input 1 ↗Original calculation input 2 ↗	682.00 M Raw value 682,000,000.00 USD 2019-02-02 — 2019-05-03 · USD · Reported data Original filing ↗	3.28 BDerived by subtraction Raw value 3,280,000,000.00 USD 2019-05-04 — 2019-08-02 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2019-02-02 — 2019-08-02 · 3.96 B USD · Source version 2020-09-04 Subtract: 2019-02-02 — 2019-05-03 · 682.00 M USD · Source version 2020-06-08 Original calculation input 1 ↗Original calculation input 2 ↗	1.82 BDerived by subtraction Raw value 1,821,000,000.00 USD 2019-08-03 — 2019-11-01 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2019-02-02 — 2019-11-01 · 5.78 B USD · Source version 2020-12-07 Subtract: 2019-02-02 — 2019-08-02 · 3.96 B USD · Source version 2020-09-04 Original calculation input 1 ↗Original calculation input 2 ↗	3.51 BDerived by subtraction Raw value 3,508,000,000.00 USD 2019-11-02 — 2020-01-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2019-02-02 — 2020-01-31 · 9.29 B USD · Source version 2022-03-24 Subtract: 2019-02-02 — 2019-11-01 · 5.78 B USD · Source version 2020-12-07 Original calculation input 1 ↗Original calculation input 2 ↗	-796.00 M Raw value -796,000,000.00 USD 2020-02-01 — 2020-05-01 · USD · Reported data Original filing ↗	3.33 BDerived by subtraction Raw value 3,332,000,000.00 USD 2020-05-02 — 2020-07-31 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2020-02-01 — 2020-07-31 · 2.54 B USD · Source version 2021-09-03 Subtract: 2020-02-01 — 2020-05-01 · -796.00 M USD · Source version 2021-06-07 Original calculation input 1 ↗Original calculation input 2 ↗	2.99 BDerived by subtraction Raw value 2,994,000,000.00 USD 2020-08-01 — 2020-10-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2020-02-01 — 2020-10-30 · 5.53 B USD · Source version 2021-12-03 Subtract: 2020-02-01 — 2020-07-31 · 2.54 B USD · Source version 2021-09-03 Original calculation input 1 ↗Original calculation input 2 ↗	5.88 BDerived by subtraction Raw value 5,877,000,000.00 USD 2020-10-31 — 2021-01-29 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2020-02-01 — 2021-01-29 · 11.41 B USD · Source version 2023-03-30 Subtract: 2020-02-01 — 2020-10-30 · 5.53 B USD · Source version 2021-12-03 Original calculation input 1 ↗Original calculation input 2 ↗	2.24 B Raw value 2,238,000,000.00 USD 2021-01-30 — 2021-04-30 · USD · Reported data Original filing ↗	1.73 BDerived by subtraction Raw value 1,725,000,000.00 USD 2021-05-01 — 2021-07-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2021-01-30 — 2021-07-30 · 3.96 B USD · Source version 2022-09-01 Subtract: 2021-01-30 — 2021-04-30 · 2.24 B USD · Source version 2022-06-06 Original calculation input 1 ↗Original calculation input 2 ↗	3.25 BDerived by subtraction Raw value 3,251,000,000.00 USD 2021-07-31 — 2021-10-29 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2021-01-30 — 2021-10-29 · 7.21 B USD · Source version 2022-12-05 Subtract: 2021-01-30 — 2021-07-30 · 3.96 B USD · Source version 2022-09-01 Original calculation input 1 ↗Original calculation input 2 ↗	3.09 BDerived by subtraction Raw value 3,093,000,000.00 USD 2021-10-30 — 2022-01-28 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2021-01-30 — 2022-01-28 · 10.31 B USD · Source version 2024-03-25 Subtract: 2021-01-30 — 2021-10-29 · 7.21 B USD · Source version 2022-12-05 Original calculation input 1 ↗Original calculation input 2 ↗	-269.00 M Raw value -269,000,000.00 USD 2022-01-29 — 2022-04-29 · USD · Reported data Original filing ↗	724.00 MDerived by subtraction Raw value 724,000,000.00 USD 2022-04-30 — 2022-07-29 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2022-01-29 — 2022-07-29 · 455.00 M USD · Source version 2023-09-12 Subtract: 2022-01-29 — 2022-04-29 · -269.00 M USD · Source version 2023-06-12 Original calculation input 1 ↗Original calculation input 2 ↗	396.00 MDerived by subtraction Raw value 396,000,000.00 USD 2022-07-30 — 2022-10-28 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2022-01-29 — 2022-10-28 · 851.00 M USD · Source version 2023-12-08 Subtract: 2022-01-29 — 2022-07-29 · 455.00 M USD · Source version 2023-09-12 Original calculation input 1 ↗Original calculation input 2 ↗	2.71 BDerived by subtraction Raw value 2,714,000,000.00 USD 2022-10-29 — 2023-02-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2022-01-29 — 2023-02-03 · 3.57 B USD · Source version 2025-03-25 Subtract: 2022-01-29 — 2022-10-28 · 851.00 M USD · Source version 2023-12-08 Original calculation input 1 ↗Original calculation input 2 ↗	1.78 B Raw value 1,777,000,000.00 USD 2023-02-04 — 2023-05-05 · USD · Reported data Original filing ↗	3.21 BDerived by subtraction Raw value 3,214,000,000.00 USD 2023-05-06 — 2023-08-04 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2023-02-04 — 2023-08-04 · 4.99 B USD · Source version 2024-09-10 Subtract: 2023-02-04 — 2023-05-05 · 1.78 B USD · Source version 2024-06-11 Original calculation input 1 ↗Original calculation input 2 ↗	2.15 BDerived by subtraction Raw value 2,152,000,000.00 USD 2023-08-05 — 2023-11-03 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2023-02-04 — 2023-11-03 · 7.14 B USD · Source version 2024-12-10 Subtract: 2023-02-04 — 2023-08-04 · 4.99 B USD · Source version 2024-09-10 Original calculation input 1 ↗Original calculation input 2 ↗	1.53 BDerived by subtraction Raw value 1,533,000,000.00 USD 2023-11-04 — 2024-02-02 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2023-02-04 — 2024-02-02 · 8.68 B USD · Source version 2026-03-16 Subtract: 2023-02-04 — 2023-11-03 · 7.14 B USD · Source version 2024-12-10 Original calculation input 1 ↗Original calculation input 2 ↗	1.04 B Raw value 1,043,000,000.00 USD 2024-02-03 — 2024-05-03 · USD · Reported data Original filing ↗	1.34 BDerived by subtraction Raw value 1,340,000,000.00 USD 2024-05-04 — 2024-08-02 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2024-02-03 — 2024-08-02 · 2.38 B USD · Source version 2025-09-08 Subtract: 2024-02-03 — 2024-05-03 · 1.04 B USD · Source version 2025-06-10 Original calculation input 1 ↗Original calculation input 2 ↗	1.55 BDerived by subtraction Raw value 1,553,000,000.00 USD 2024-08-03 — 2024-11-01 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2024-02-03 — 2024-11-01 · 3.94 B USD · Source version 2025-12-09 Subtract: 2024-02-03 — 2024-08-02 · 2.38 B USD · Source version 2025-09-08 Original calculation input 1 ↗Original calculation input 2 ↗	585.00 MDerived by subtraction Raw value 585,000,000.00 USD 2024-11-02 — 2025-01-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2024-02-03 — 2025-01-31 · 4.52 B USD · Source version 2026-03-16 Subtract: 2024-02-03 — 2024-11-01 · 3.94 B USD · Source version 2025-12-09 Original calculation input 1 ↗Original calculation input 2 ↗	2.80 B Raw value 2,796,000,000.00 USD 2025-02-01 — 2025-05-02 · USD · Reported data Original filing ↗	2.54 BDerived by subtraction Raw value 2,543,000,000.00 USD 2025-05-03 — 2025-08-01 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-02-01 — 2025-08-01 · 5.34 B USD · Source version 2026-09-08 Subtract: 2025-02-01 — 2025-05-02 · 2.80 B USD · Source version 2026-06-09 Original calculation input 1 ↗Original calculation input 2 ↗	1.17 BDerived by subtraction Raw value 1,172,000,000.00 USD 2025-08-02 — 2025-10-31 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-02-01 — 2025-10-31 · 6.51 B USD · Source version 2025-12-09 Subtract: 2025-02-01 — 2025-08-01 · 5.34 B USD · Source version 2026-09-08 Original calculation input 1 ↗Original calculation input 2 ↗	4.67 BDerived by subtraction Raw value 4,674,000,000.00 USD 2025-11-01 — 2026-01-30 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-02-01 — 2026-01-30 · 11.19 B USD · Source version 2026-03-16 Subtract: 2025-02-01 — 2025-10-31 · 6.51 B USD · Source version 2025-12-09 Original calculation input 1 ↗Original calculation input 2 ↗	4.08 B Raw value 4,081,000,000.00 USD 2026-01-31 — 2026-05-01 · USD · Reported data Original filing ↗	2.23 BDerived by subtraction Raw value 2,225,000,000.00 USD 2026-05-02 — 2026-07-31 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2026-01-31 — 2026-07-31 · 6.31 B USD · Source version 2026-09-08 Subtract: 2026-01-31 — 2026-05-01 · 4.08 B USD · Source version 2026-06-09 Original calculation input 1 ↗Original calculation input 2 ↗
Capital expenditure	245.00 M Raw value 245,000,000.00 USD 2017-02-04 — 2017-05-05 · USD · Reported data Original filing ↗	316.00 MDerived by subtraction Raw value 316,000,000.00 USD 2017-05-06 — 2017-08-04 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2017-02-04 — 2017-08-04 · 561.00 M USD · Source version 2018-09-11 Subtract: 2017-02-04 — 2017-05-05 · 245.00 M USD · Source version 2018-06-12 Original calculation input 1 ↗Original calculation input 2 ↗	341.00 MDerived by subtraction Raw value 341,000,000.00 USD 2017-08-05 — 2017-11-03 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2017-02-04 — 2017-11-03 · 902.00 M USD · Source version 2018-12-10 Subtract: 2017-02-04 — 2017-08-04 · 561.00 M USD · Source version 2018-09-11 Original calculation input 1 ↗Original calculation input 2 ↗	310.00 MDerived by subtraction Raw value 310,000,000.00 USD 2017-11-04 — 2018-02-02 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2017-02-04 — 2018-02-02 · 1.21 B USD · Source version 2020-03-27 Subtract: 2017-02-04 — 2017-11-03 · 902.00 M USD · Source version 2018-12-10 Original calculation input 1 ↗Original calculation input 2 ↗	273.00 M Raw value 273,000,000.00 USD 2018-02-03 — 2018-05-04 · USD · Reported data Original filing ↗	288.00 MDerived by subtraction Raw value 288,000,000.00 USD 2018-05-05 — 2018-08-03 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2018-02-03 — 2018-08-03 · 561.00 M USD · Source version 2019-09-10 Subtract: 2018-02-03 — 2018-05-04 · 273.00 M USD · Source version 2019-06-10 Original calculation input 1 ↗Original calculation input 2 ↗	300.00 MDerived by subtraction Raw value 300,000,000.00 USD 2018-08-04 — 2018-11-02 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2018-02-03 — 2018-11-02 · 861.00 M USD · Source version 2019-12-09 Subtract: 2018-02-03 — 2018-08-03 · 561.00 M USD · Source version 2019-09-10 Original calculation input 1 ↗Original calculation input 2 ↗	636.00 MDerived by subtraction Raw value 636,000,000.00 USD 2018-11-03 — 2019-02-01 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2018-02-03 — 2019-02-01 · 1.50 B USD · Source version 2021-03-26 Subtract: 2018-02-03 — 2018-11-02 · 861.00 M USD · Source version 2019-12-09 Original calculation input 1 ↗Original calculation input 2 ↗	716.00 M Raw value 716,000,000.00 USD 2019-02-02 — 2019-05-03 · USD · Reported data Original filing ↗	551.00 MDerived by subtraction Raw value 551,000,000.00 USD 2019-05-04 — 2019-08-02 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2019-02-02 — 2019-08-02 · 1.27 B USD · Source version 2020-09-04 Subtract: 2019-02-02 — 2019-05-03 · 716.00 M USD · Source version 2020-06-08 Original calculation input 1 ↗Original calculation input 2 ↗	609.00 MDerived by subtraction Raw value 609,000,000.00 USD 2019-08-03 — 2019-11-01 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2019-02-02 — 2019-11-01 · 1.88 B USD · Source version 2020-12-07 Subtract: 2019-02-02 — 2019-08-02 · 1.27 B USD · Source version 2020-09-04 Original calculation input 1 ↗Original calculation input 2 ↗	700.00 MDerived by subtraction Raw value 700,000,000.00 USD 2019-11-02 — 2020-01-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2019-02-02 — 2020-01-31 · 2.58 B USD · Source version 2022-03-24 Subtract: 2019-02-02 — 2019-11-01 · 1.88 B USD · Source version 2020-12-07 Original calculation input 1 ↗Original calculation input 2 ↗	559.00 M Raw value 559,000,000.00 USD 2020-02-01 — 2020-05-01 · USD · Reported data Original filing ↗	545.00 MDerived by subtraction Raw value 545,000,000.00 USD 2020-05-02 — 2020-07-31 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2020-02-01 — 2020-07-31 · 1.10 B USD · Source version 2021-09-03 Subtract: 2020-02-01 — 2020-05-01 · 559.00 M USD · Source version 2021-06-07 Original calculation input 1 ↗Original calculation input 2 ↗	480.00 MDerived by subtraction Raw value 480,000,000.00 USD 2020-08-01 — 2020-10-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2020-02-01 — 2020-10-30 · 1.58 B USD · Source version 2021-12-03 Subtract: 2020-02-01 — 2020-07-31 · 1.10 B USD · Source version 2021-09-03 Original calculation input 1 ↗Original calculation input 2 ↗	498.00 MDerived by subtraction Raw value 498,000,000.00 USD 2020-10-31 — 2021-01-29 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2020-02-01 — 2021-01-29 · 2.08 B USD · Source version 2023-03-30 Subtract: 2020-02-01 — 2020-10-30 · 1.58 B USD · Source version 2021-12-03 Original calculation input 1 ↗Original calculation input 2 ↗	625.00 M Raw value 625,000,000.00 USD 2021-01-30 — 2021-04-30 · USD · Reported data Original filing ↗	632.00 MDerived by subtraction Raw value 632,000,000.00 USD 2021-05-01 — 2021-07-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2021-01-30 — 2021-07-30 · 1.26 B USD · Source version 2022-09-01 Subtract: 2021-01-30 — 2021-04-30 · 625.00 M USD · Source version 2022-06-06 Original calculation input 1 ↗Original calculation input 2 ↗	799.00 MDerived by subtraction Raw value 799,000,000.00 USD 2021-07-31 — 2021-10-29 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2021-01-30 — 2021-10-29 · 2.06 B USD · Source version 2022-12-05 Subtract: 2021-01-30 — 2021-07-30 · 1.26 B USD · Source version 2022-09-01 Original calculation input 1 ↗Original calculation input 2 ↗	740.00 MDerived by subtraction Raw value 740,000,000.00 USD 2021-10-30 — 2022-01-28 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2021-01-30 — 2022-01-28 · 2.80 B USD · Source version 2024-03-25 Subtract: 2021-01-30 — 2021-10-29 · 2.06 B USD · Source version 2022-12-05 Original calculation input 1 ↗Original calculation input 2 ↗	690.00 M Raw value 690,000,000.00 USD 2022-01-29 — 2022-04-29 · USD · Reported data Original filing ↗	807.00 MDerived by subtraction Raw value 807,000,000.00 USD 2022-04-30 — 2022-07-29 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2022-01-29 — 2022-07-29 · 1.50 B USD · Source version 2023-09-12 Subtract: 2022-01-29 — 2022-04-29 · 690.00 M USD · Source version 2023-06-12 Original calculation input 1 ↗Original calculation input 2 ↗	747.00 MDerived by subtraction Raw value 747,000,000.00 USD 2022-07-30 — 2022-10-28 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2022-01-29 — 2022-10-28 · 2.24 B USD · Source version 2023-12-08 Subtract: 2022-01-29 — 2022-07-29 · 1.50 B USD · Source version 2023-09-12 Original calculation input 1 ↗Original calculation input 2 ↗	759.00 MDerived by subtraction Raw value 759,000,000.00 USD 2022-10-29 — 2023-02-03 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2022-01-29 — 2023-02-03 · 3.00 B USD · Source version 2025-03-25 Subtract: 2022-01-29 — 2022-10-28 · 2.24 B USD · Source version 2023-12-08 Original calculation input 1 ↗Original calculation input 2 ↗	701.00 M Raw value 701,000,000.00 USD 2023-02-04 — 2023-05-05 · USD · Reported data Original filing ↗	624.00 MDerived by subtraction Raw value 624,000,000.00 USD 2023-05-06 — 2023-08-04 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2023-02-04 — 2023-08-04 · 1.33 B USD · Source version 2024-09-10 Subtract: 2023-02-04 — 2023-05-05 · 701.00 M USD · Source version 2024-06-11 Original calculation input 1 ↗Original calculation input 2 ↗	704.00 MDerived by subtraction Raw value 704,000,000.00 USD 2023-08-05 — 2023-11-03 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2023-02-04 — 2023-11-03 · 2.03 B USD · Source version 2024-12-10 Subtract: 2023-02-04 — 2023-08-04 · 1.33 B USD · Source version 2024-09-10 Original calculation input 1 ↗Original calculation input 2 ↗	727.00 MDerived by subtraction Raw value 727,000,000.00 USD 2023-11-04 — 2024-02-02 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2023-02-04 — 2024-02-02 · 2.76 B USD · Source version 2026-03-16 Subtract: 2023-02-04 — 2023-11-03 · 2.03 B USD · Source version 2024-12-10 Original calculation input 1 ↗Original calculation input 2 ↗	596.00 M Raw value 596,000,000.00 USD 2024-02-03 — 2024-05-03 · USD · Reported data Original filing ↗	682.00 MDerived by subtraction Raw value 682,000,000.00 USD 2024-05-04 — 2024-08-02 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2024-02-03 — 2024-08-02 · 1.28 B USD · Source version 2025-09-08 Subtract: 2024-02-03 — 2024-05-03 · 596.00 M USD · Source version 2025-06-10 Original calculation input 1 ↗Original calculation input 2 ↗	639.00 MDerived by subtraction Raw value 639,000,000.00 USD 2024-08-03 — 2024-11-01 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2024-02-03 — 2024-11-01 · 1.92 B USD · Source version 2025-12-09 Subtract: 2024-02-03 — 2024-08-02 · 1.28 B USD · Source version 2025-09-08 Original calculation input 1 ↗Original calculation input 2 ↗	735.00 MDerived by subtraction Raw value 735,000,000.00 USD 2024-11-02 — 2025-01-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2024-02-03 — 2025-01-31 · 2.65 B USD · Source version 2026-03-16 Subtract: 2024-02-03 — 2024-11-01 · 1.92 B USD · Source version 2025-12-09 Original calculation input 1 ↗Original calculation input 2 ↗	568.00 M Raw value 568,000,000.00 USD 2025-02-01 — 2025-05-02 · USD · Reported data Original filing ↗	675.00 MDerived by subtraction Raw value 675,000,000.00 USD 2025-05-03 — 2025-08-01 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-02-01 — 2025-08-01 · 1.24 B USD · Source version 2026-09-08 Subtract: 2025-02-01 — 2025-05-02 · 568.00 M USD · Source version 2026-06-09 Original calculation input 1 ↗Original calculation input 2 ↗	669.00 MDerived by subtraction Raw value 669,000,000.00 USD 2025-08-02 — 2025-10-31 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-02-01 — 2025-10-31 · 1.91 B USD · Source version 2025-12-09 Subtract: 2025-02-01 — 2025-08-01 · 1.24 B USD · Source version 2026-09-08 Original calculation input 1 ↗Original calculation input 2 ↗	721.00 MDerived by subtraction Raw value 721,000,000.00 USD 2025-11-01 — 2026-01-30 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-02-01 — 2026-01-30 · 2.63 B USD · Source version 2026-03-16 Subtract: 2025-02-01 — 2025-10-31 · 1.91 B USD · Source version 2025-12-09 Original calculation input 1 ↗Original calculation input 2 ↗	963.00 M Raw value 963,000,000.00 USD 2026-01-31 — 2026-05-01 · USD · Reported data Original filing ↗	1.24 BDerived by subtraction Raw value 1,239,000,000.00 USD 2026-05-02 — 2026-07-31 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2026-01-31 — 2026-07-31 · 2.20 B USD · Source version 2026-09-08 Subtract: 2026-01-31 — 2026-05-01 · 963.00 M USD · Source version 2026-06-09 Original calculation input 1 ↗Original calculation input 2 ↗

Comparison rules and gaps

Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.

View filing source

Events and disclosure records

Completed events, conditional arrangements and the document versions used are listed separately.

Check original source ↗

2026-09-18Disclosed events

Nscale · Capital and financing

Dell Financial Services (DFS), as funder, entered into two DFS Framework Agreements (April 2026) with Nscale's Ward County (TX) and North Carolina borrower SPVs providing equipment lease financing for computing and data center equipment; as of 2026-09-04, 40 payment schedules fully executed with aggregate initial-term rent of ~$2.54bn including ~$34.8m of financing charges; 3-4 month initial terms commencing Aug 1 or Sep 1, 2026 with 1-2 month extension options; secured by a security interest in the equipment and guaranteed by Nscale Global Holdings Ltd (corporate guaranty dated 2026-04-18); first disclosed in Nscale's S-1 [3]

2026-01-23Disclosed events

Intel · Customer

Named ≥10% customer in the 10-K · Dell accounted for 19% of Intel's FY2025 net revenue (19% in 2024, 19% in 2023) · three largest customers 43% combined [1]

2025-05-29Disclosed events

U.S. Department of Energy / NERSC at Lawrence Berkeley National Laboratory · Equipment and engineering

Contract awarded by the U.S. Department of Energy to Dell Technologies to build NERSC-10, the 'Doudna' supercomputer at Lawrence Berkeley National Laboratory, using Dell ORv3 direct liquid-cooled servers with the NVIDIA Vera Rubin CPU-GPU platform; system due in 2026; contract value not disclosed. [2]

Included financial source versions

2026-09-08
10-Q Original financial filings ↗
This page cites periods ending through 2026-07-31. The same document includes multiple comparison periods.
2026-06-09
10-Q Original financial filings ↗
This page cites periods ending through 2026-05-01. The same document includes multiple comparison periods.
2026-03-16
10-K Original financial filings ↗
This page cites periods ending through 2026-01-30. The same document includes multiple comparison periods.
2025-12-09
10-Q Original financial filings ↗
This page cites periods ending through 2025-10-31. The same document includes multiple comparison periods.
2025-09-08
10-Q Original financial filings ↗
This page cites periods ending through 2024-08-02.
2025-06-10
10-Q Original financial filings ↗
This page cites periods ending through 2024-05-03.

Showing the latest 6 recorded source versions. Find the remaining 36 in Source values in the full financial table.

Industry relationships and operating mechanisms

Trace supply and demand through contract performance, operating metrics and cash attribution.

Company in focus

Direct relationships: 3 · Excluded by current filters: 4

Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.

Relationship records

3 records

Status / record date	Recorded amount	Capacity basis	Evidence source
Signed / existing2026-09-18	USD 2.54 billionNominal debt / financing amount	Not structured	A · Original filingCheck public source ↗
Signed / existing2026-01-23	No attributable amount providedAmount classification not yet structured	Not structured	A · Original filingCheck public source ↗
Signed / existing2025-05-29	No attributable amount providedAmount classification not yet structured	Not structured	B · Company / mediaCheck public source ↗

1–3 / 3 records

Capital deployed · Capital-related agreement

DELL Nscale

Signed / existing2026-09-18A · Original filing

Check public source ↗

What this relationship establishes

Dell Financial Services (DFS), as funder, signed two DFS Framework Agreements in April 2026 with Nscale borrower SPVs in Ward County, Texas, and North Carolina

Relationship type: Capital-related agreement
Recorded as signed or existing; performance progress requires separate verification
Amount basis: USD 2.54 billion Nominal debt / financing amount
As of 2026-09-04, 40 payment schedules had been fully executed, with total initial-term rent of approximately $2.54bn, including about $34.8m of financing charges
$2.54bn
Facility limits, issuance proceeds, actual drawdowns and closing debt balances are different measures. Present interest, scheduled principal repayments, maturity balloon payments and distribution restrictions separately. The graph's USD field retains its stored value; the original wording determines whether an amount is exact, approximate, a floor or a cap.
Attribution: Applies to this relationship; the original document determines the specific legal entities and attribution.
Concentration: A relationship amount and company denominator with matching periods and definitions are not provided
Relationship counts, capacity and total contract value are not measures of revenue or procurement concentration.

Complete record and source location

A · Original filing

Nscale Ltd Form S-1 (acc. 0001193125-26-395475, filed 2026-09-18), 'Dell Vendor Financing' in MD&A and Description of Certain Indebtedness; Exhibit 10.20 Form of DFS Global Framework Agreement dated 2026-04-17

Capital investment and conditions for returns

The excerpts below come from this record. Verify signed status separately from actual completion.

As of 2026-09-04, 40 payment schedules had been fully executed, with total initial-term rent of approximately $2.54bn, including about $34.8m of financing charges
DFS holds a security interest in the equipment; Nscale Global Holdings issued a corporate guarantee on 2026-04-18

Inputs still needed to quantify the impact

Actual drawdowns, interest rates and the principal repayment schedule
Collateral, guarantees and restrictions on distributions
Cash attribution after debt service and refinancing terms

The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.

How to test the operating mechanism

Analytical framework, not a realized impact

Financing terms
DELL → Nscale: verify the debt amount, collateral and guarantees, and conditions precedent to drawing funds.
Drawdowns and debt service
Separate committed facilities, actual drawdowns, interest and scheduled principal amortization, presenting each by financing entity and period.
Financial outcomes
Track net debt, debt service coverage and covenants; project borrowings cannot automatically be treated as cash available to the parent company.
Testing price implications
Deduct interest, principal amortization and restricted funds from project cash before assessing cash attributable to shareholders and refinancing needs.

Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.

Operating data to test the relationship

DELL · Company-specific metric definitions and classifications

Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.

Investment and funding needs

How much cash is required for construction and procurement before delivery?

Compare prepayments, cash capital expenditure and commissioning plans. Current-period revenue is not a substitute for a full investment-recovery calculation.

Operating metric	Latest value	Definition and boundaries
Cash purchases of PP&E / revenue ↗2026-07-31 · Research calculation	2.64%	Definition and boundaries Cash purchases of PP&E / revenue × 100 Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Show remaining company metrics (12)

Other operating observations

What verifiable information does this metric provide about this relationship?

Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.

Operating metric	Latest value	Definition and boundaries
Revenue growth YoY ↗2026-07-31 · Research calculation	57.75%	Definition and boundaries (Current-period revenue / comparable prior-year revenue − 1) × 100 Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Operating cash flow / net income ↗2026-07-31 · Research calculation	0.538 x	Definition and boundaries Operating cash flow / net income（Net income > 0） Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
(Net income − operating cash flow) / revenue ↗2026-07-31 · Research calculation	4.06%	Definition and boundaries (Net income − operating cash flow) / revenue × 100 The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Days sales outstanding (average balance) ↗2026-07-31 · Research calculation	47.24 days	Definition and boundaries (Opening net receivables + closing net receivables) / 2 / revenue × actual days in the period A company-wide proxy for manufacturing and hardware businesses using average opening and closing balances. It is not the payment term in customer contracts. Comparison is with the corresponding prior-year period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Days inventory outstanding (average balance) ↗2026-07-31 · Research calculation	44.52 days	Definition and boundaries (Opening inventory + closing inventory) / 2 / (revenue − gross profit) × actual days in the period Costs are reconstructed as revenue less reported gross profit for the same period and currency. Inventory mix and impairments can affect the result; it does not establish demand on its own. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Days payable outstanding (average balance) ↗2026-07-31 · Research calculation	116.36 days	Definition and boundaries (Opening accounts payable + closing accounts payable) / 2 / (revenue − gross profit) × actual days in the period Cost of revenue is used as a proxy for purchases and may include non-purchasing costs. This is not a supplier payment term and does not separate supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Cash conversion cycle (average balances) ↗2026-07-31 · Research calculation	-24.6 days	Definition and boundaries Average-balance DSO + DIO − DPO Calculated only when all three balances, revenue and costs are available. This company-wide turnover proxy does not replace analysis of contract assets, customer prepayments or supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Profit and costs

Can revenue growth translate into earnings attributable to shareholders?

Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.

Operating metric	Latest value	Definition and boundaries
Gross margin ↗2026-07-31 · Research calculation	20.93%	Definition and boundaries Gross profit / revenue × 100 Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Operating margin ↗2026-07-31 · Research calculation	11.46%	Definition and boundaries Operating income / revenue × 100 Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Net margin ↗2026-07-31 · Research calculation	8.8%	Definition and boundaries Selected net-income concept / revenue × 100 May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Operating cash flow / revenue ↗2026-07-31 · Research calculation	4.74%	Definition and boundaries Operating cash flow / revenue × 100 Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
(CFO − cash purchases of PP&E) / revenue ↗2026-07-31 · Research calculation	2.1%	Definition and boundaries (Operating cash flow − cash purchases of PP&E) / revenue × 100 A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

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Search all operating metrics and calculation methods

Operating metric search

Test relationship hypotheses against actual operating series, with their definitions, periods and calculation methods.

Historical research methodology

Company13 / 13 items

Operating metric	Latest value	Period / classification	Definition and interpretation boundaries	Analysis
Revenue growth YoY	57.75%	2026-07-31Research calculation	(Current-period revenue / comparable prior-year revenue − 1) × 100Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Gross margin	20.93%	2026-07-31Research calculation	Gross profit / revenue × 100Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Operating margin	11.46%	2026-07-31Research calculation	Operating income / revenue × 100Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Net margin	8.8%	2026-07-31Research calculation	Selected net-income concept / revenue × 100May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Operating cash flow / revenue	4.74%	2026-07-31Research calculation	Operating cash flow / revenue × 100Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
(CFO − cash purchases of PP&E) / revenue	2.1%	2026-07-31Research calculation	(Operating cash flow − cash purchases of PP&E) / revenue × 100A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Operating cash flow / net income	0.538 x	2026-07-31Research calculation	Operating cash flow / net income（Net income > 0）Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Cash purchases of PP&E / revenue	2.64%	2026-07-31Research calculation	Cash purchases of PP&E / revenue × 100Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
(Net income − operating cash flow) / revenue	4.06%	2026-07-31Research calculation	(Net income − operating cash flow) / revenue × 100The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Days sales outstanding (average balance)	47.24 days	2026-07-31Research calculation	(Opening net receivables + closing net receivables) / 2 / revenue × actual days in the periodA company-wide proxy for manufacturing and hardware businesses using average opening and closing balances. It is not the payment term in customer contracts. Comparison is with the corresponding prior-year period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Days inventory outstanding (average balance)	44.52 days	2026-07-31Research calculation	(Opening inventory + closing inventory) / 2 / (revenue − gross profit) × actual days in the periodCosts are reconstructed as revenue less reported gross profit for the same period and currency. Inventory mix and impairments can affect the result; it does not establish demand on its own. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Days payable outstanding (average balance)	116.36 days	2026-07-31Research calculation	(Opening accounts payable + closing accounts payable) / 2 / (revenue − gross profit) × actual days in the periodCost of revenue is used as a proxy for purchases and may include non-purchasing costs. This is not a supplier payment term and does not separate supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Cash conversion cycle (average balances)	-24.6 days	2026-07-31Research calculation	Average-balance DSO + DIO − DPOCalculated only when all three balances, revenue and costs are available. This company-wide turnover proxy does not replace analysis of contract assets, customer prepayments or supplier financing. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗

Source grades, dates and quantitative definitions

A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source

Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.

Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.

Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.

EVIDENCE & SOURCES

Data and calculation basis

Sources and filing versions

Quotes and valuation

2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.

The current security identity and recorded historical continuity have been checked. Listing-date coverage is shown separately.

Original verification notes

verified-listing-start-covered

Current Class C regular-way stock; 2016–2018 Class V VMware tracking stock and when-issued shares excluded.

Nasdaq Quote source page Price-history source page

Financial statements

Reporting period 2026-07-31; filed 2026-09-08. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.

SEC Company filings Raw financial data · JSON

Business evidence

Based on value-chain records; original operating disclosures are still needed.

Citations: 3 · Documents: 3

1Intel FY2025 Form 10-K, Operating Segments — Revenue by Major CustomersValue-chain archive

Intel FY2025 Form 10-K, Operating Segments — Revenue by Major Customers · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source

2U.S. Department of Energy press releaseValue-chain archive

U.S. Department of Energy press release · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source

3Nscale Ltd Form S-1 (acc. 0001193125-26-395475, filed 2026-09-18), 'Dell Vendor Financing' in MD&A and Description of Certain Indebtedness; Exhibit 10.20 Form of DFS Global Framework Agreement dated 2026-04-17Value-chain archive

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source

Missing evidence

Primary-source coverage of the company’s standalone business analysis and falsification criteria is incomplete.
Company-specific operating KPIs are not yet available; financial ratios do not substitute for evidence about products, orders or capacity.

Unresolved business questions

Which products, customers and revenue categories can be independently verified from primary materials?: Existing relationship records do not represent the entire business; company-level primary evidence for segments, products, customer concentration and key operations remains incomplete.

Relationships: Company announcements, framework intentions and signed agreements are distinguished. Contract amounts do not represent payments already made. Records without sources are flagged separately.
Version: 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644