Dell Technologies Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Dell Technologies Inc (DELL). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Infrastructure Solutions Group | $33.00B 38.0% | $34.37B 34.0% · +4.1% | $38.36B 37.5% · +11.6% | $33.89B 38.3% · -11.7% | $60.83B 54.4% · +79.5% |
| Client Solutions Group | $48.39B 55.8% | $61.46B 60.7% · +27.0% | $58.21B 56.9% · -5.3% | $48.92B 55.3% · -16.0% | $50.98B 45.6% · +4.2% |
| Other businesses | $5.38B 6.2% | $5.39B 5.3% · +0.1% | $5.72B 5.6% · +6.2% | $5.61B 6.3% · -1.9% | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Infrastructure Solutions Group | $3.75B 11.4% | $3.74B 10.9% | $5.05B 13.2% | $4.29B 12.6% | $7.11B 11.7% |
| Client Solutions Group | $3.33B 6.9% | $4.37B 7.1% | $3.82B 6.6% | $3.51B 7.2% | $2.83B 5.6% |
| Other businesses | -$139.0M -2.6% | -$319.0M -5.9% | -$240.0M -4.2% | -$129.0M -2.3% | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2023 | 2024 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | $42.01B 48.5% | $46.75B 46.2% · +11.3% | $49.20B 48.1% · +5.2% | $43.99B 49.7% · -10.6% | $51.01B 53.4% · +16.0% | $63.14B 55.6% · +23.8% |
| International | $44.66B 51.5% | $54.45B 53.8% · +21.9% | $53.10B 51.9% · -2.5% | $44.44B 50.3% · -16.3% | $44.55B 46.6% · +0.3% | $50.40B 44.4% · +13.1% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2023 | 2024 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Products | $67.74B 78.2% | $79.83B 78.9% · +17.8% | $79.25B 77.5% · -0.7% | $64.35B 72.8% · -18.8% | $71.42B 74.7% · +11.0% | $90.41B 79.6% · +26.6% |
| Services | $18.93B 21.8% | $21.37B 21.1% · +12.9% | $23.05B 22.5% · +7.9% | $24.07B 27.2% · +4.4% | $24.15B 25.3% · +0.3% | $23.13B 20.4% · -4.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.