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SEGMENT INFORMATION
 6 Months Ended
Jul. 31, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company reports its financial results through two reportable segments which are based on the following business units: Infrastructure Solutions Group (“ISG”) and Client Solutions Group (“CSG”). The Company organizes its reportable segments based on the manner in which management evaluates the performance of the Company.

The Company’s Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). The CODM is regularly provided and reviews segment revenue and segment operating income to assess the performance of each segment and allocate resources to the segments in the annual planning process. The Company’s measure of segment revenue and segment operating income for management reporting purposes excludes Corporate and other, amortization of intangible assets, stock-based compensation expense, and other corporate expenses, as applicable, which are not used in evaluating the results of, or in allocating resources to, the segments. The Company does not allocate assets to its reportable segments for internal reporting purposes. The accounting policies of the segments are the same as those described in Note 2 to the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 2026.

ISG includes the Company’s Artificial Intelligence (“AI”)-optimized servers offerings, traditional servers and networking offerings, and storage offerings as major product categories. The Company’s AI-optimized servers are designed to run high-value workloads, including AI model training, fine-tuning, and inferencing. The Company’s traditional servers are high-performance general-purpose servers designed to deliver scalable performance, reliability, and efficient management across a wide range of enterprise workloads. The Company’s networking portfolio includes wide area network infrastructure, data center and edge networking switches, and cables and optics. The Company’s comprehensive storage portfolio includes modern and traditional storage solutions that span primary, unstructured and data protection offerings and are delivered through multiple architectures, including all-flash, purpose-built, software-defined, and hyper-converged infrastructure platforms. ISG also offers software, peripherals, and services, including consulting and support and deployment.

CSG includes the Company’s commercial offerings and consumer offerings as major product categories. The Company’s CSG portfolio includes branded PCs, including notebooks, desktops, and workstations and branded peripherals that include displays, docking stations, keyboards, mice, and webcam and audio devices, as well as third-party software and peripherals. CSG also includes services offerings, such as configuration, support and deployment, and extended warranties.

In March 2024, the Company terminated the Commercial Framework Agreement with VMware, whereby Dell Technologies acted as a distributor of VMware’s stand-alone products and services and purchased such products and services for resale to end-user customers (“VMware Resale”). Dell Technologies no longer acts as a distributor of those products and services, although it continues to support customers that have purchased resale offerings sold in prior periods. The results of VMware Resale transactions are reflected in Corporate and other. The Company continues to integrate and embed certain VMware products and services with the Company’s VxRail solution to end-user customers. The results for this integrated offering are reflected within ISG.
The following table presents a reconciliation of net revenue by the Company’s reportable segments to the Company’s consolidated net revenue as well as a reconciliation of segment operating income to the Company’s consolidated operating income for the periods indicated:
Three Months EndedSix Months Ended
July 31, 2026August 1, 2025July 31, 2026August 1, 2025
(in millions)
Consolidated net revenue:
Infrastructure Solutions Group$31,782 $16,800 $60,791 $27,117 
Client Solutions Group15,034 12,503 29,643 25,012 
Reportable segment net revenue46,816 29,303 90,434 52,129 
Corporate and other (a)155 473 379 1,025 
Total consolidated net revenue$46,971 $29,776 $90,813 $53,154 
Consolidated operating income:
Infrastructure Solutions Group$4,781 $1,470 $7,836 $2,468 
Client Solutions Group1,142 803 2,312 1,456 
Reportable segment operating income (b)5,923 2,273 10,148 3,924 
Corporate and other (a)6 11 16 26 
Amortization of intangibles (c)(96)(125)(193)(251)
Stock-based compensation expense (d)(184)(179)(373)(369)
Other corporate expenses (e)(264)(207)(557)(392)
Total consolidated operating income (f)$5,385 $1,773 $9,041 $2,938 
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(a)Corporate and other includes VMware Resale and other items that are managed at the corporate level and are not allocated to reportable segments.
(b)Depreciation expense directly attributable to each reportable segment is included in the operating results of each segment. However, the CODM does not evaluate depreciation expense by operating segment, and therefore such expense is not separately presented.
(c)Amortization of intangibles includes non-cash purchase accounting adjustments that are primarily related to the acquisition by merger of EMC Corporation in 2016.
(d)Stock-based compensation expense consists of equity awards granted based on the estimated fair value of those awards at grant date.
(e)Other corporate expenses includes severance expenses, payroll taxes associated with stock-based compensation, incentive charges related to equity investments, transaction-related expenses, and impairment charges.
(f)Income and expenses within interest and other, net, is not allocated to the reportable segments. Therefore, the Company does not report below reportable segment operating income.
The following table presents the significant expense categories by reportable segment for the periods indicated:
Three Months EndedSix Months Ended
July 31, 2026August 1, 2025July 31, 2026August 1, 2025
(in millions)
Infrastructure Solutions Group:
Cost of net revenue$24,269 $13,164 $47,744 $20,214 
Selling, general, and administrative$2,036 $1,604 $3,830 $3,299 
Research and development$696 $562 $1,381 $1,136 
Client Solutions Group:
Cost of net revenue$12,626 $10,582 $24,830 $21,320 
Selling, general, and administrative$1,050 $972 $2,093 $1,954 
Research and development$216 $146 $408 $282 

The following table presents the disaggregation of net revenue by reportable segment and by major product categories within the segments for the periods indicated:
Three Months EndedSix Months Ended
July 31, 2026August 1, 2025July 31, 2026August 1, 2025
(in millions)
Infrastructure Solutions Group:
AI-optimized servers$16,401 $8,208 $32,533 $10,090 
Traditional servers and networking10,531 4,736 19,074 9,175 
Storage4,850 3,856 9,184 7,852 
Total ISG net revenue$31,782 $16,800 $60,791 $27,117 
Client Solutions Group:
Commercial$13,192 $10,781 $26,212 $21,827 
Consumer1,842 1,722 3,431 3,185 
Total CSG net revenue$15,034 $12,503 $29,643 $25,012