Dell Technologies (DELL) 10-K Summary — Year Ended Jan 31, 2025
Dell Technologies Inc. filed its annual report for the most recent fiscal year. The filing provides an overview of the company's business, financial results, risk factors, and liquidity position.
Key takeaway
Year ended Jan 31, 2025 · FY2026 10-K
Dell Technologies Inc. filed its annual report for the most recent fiscal year. The filing provides an overview of the company's business, financial results, risk factors, and liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$95.6B
Revenue reported for the fiscal year.
Operating income
$6.2B
Income from operations reported for the year.
Net income
$4.6B
Net income reported for the year.
Operating cash flow
$4.5B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 3, 2024 | $22.2B | n/a |
| Aug 2, 2024 | $25B | +12.5% |
| Nov 1, 2024 | $24.4B | -2.6% |
| Jan 31, 2025 | $95.6B | +292.2% |
Business overview
The business overview is described in Item 1 of the filing, covering the company's operations and market. The filing also includes a management discussion and analysis section in Item 7.
Financial performance
The reported annual revenue, operating income, net income, and operating cash flow are presented in the supplied metrics. The quarterly revenue trend shows a significant increase in the final quarter compared to the prior quarter.
Material risks
The filing references risk factors in Item 1A, but the specific content is not provided in the supplied context. No detailed risk descriptions are available from the excerpt.
Liquidity and capital
The company relies on operating cash flows as its primary liquidity source and has access to additional capital through borrowings and a revolving credit facility. Its capital allocation strategy includes returning capital to stockholders via share repurchases and dividends while maintaining an investment grade credit rating.
What to watch
Monitor the company's ability to maintain its investment grade credit rating in future filings.