As discussed in Note 1 of the Notes to the Condensed Consolidated Financial Statements and as previously reported in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2025, the Company discovered accumulated credits from certain suppliers that were not recorded or not recorded in the correct period in its previously reported financial results. Accordingly, the Company has revised its previously reported quarterly financial information for the three months ended May 3, 2024 based on the summary presented below to correct for the overstatement of cost of net revenue to the Condensed Consolidated Statements of Income, net of the related income tax effect. The revision did not have an impact on the Company’s net revenue.


	Three Months Ended
	May 3, 2024
	As Reported		Adjustment		As Revised

	(in millions, except per share amounts)
Cost of net revenue:
Products	$	13,766	$	(45)	$	13,721
Total cost of net revenue	$	17,438	$	(45)	$	17,393
Gross margin	$	4,806	$	45	$	4,851
Operating income	$	920	$	45	$	965
Income before income taxes	$	547	$	45	$	592
Income tax expense (benefit)	$	(408)	$	8	$	(400)
Net income	$	955	$	37	$	992
Net income attributable to Dell Technologies Inc.	$	960	$	37	$	997

Earnings per share attributable to Dell Technologies Inc.
Basic	$	1.36	$	0.05	$	1.41
Diluted	$	1.32	$	0.05	$	1.37

(a)The Company’s Condensed Consolidated Statements of Comprehensive Income were also affected by the revised net income amounts for the period presented above.


	Three Months Ended
	May 3, 2024
	As Reported		Adjustment		As Revised

	(in millions)
Cash flow from operations:
Net income	$	955	$	37	$	992
Adjustments to reconcile net income to net cash provided by operating activities:
Other assets and liabilities	$	(592)	$	(1)	$	(593)
Accounts payable	$	1,241	$	(36)	$	1,205