Dell Technologies (DELL) Revenue — Quarter Ended May 5, 2023
Revenue declined compared to the prior quarter and the same period last year. The decrease reflects ongoing headwinds in the demand environment.
Key takeaway
Quarter ended May 5, 2023 · FY2024 FY
Revenue declined compared to the prior quarter and the same period last year. The decrease reflects ongoing headwinds in the demand environment.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$20.9B
Revenue reported for this quarter.
Quarter-over-quarter
-16.4%
Change from the immediately preceding quarter.
Year-over-year
-19.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$97.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 29, 2022 | $26.4B | +9.2% |
| Oct 28, 2022 | $24.7B | -6.4% |
| Feb 3, 2023 | $25B | -10.5% |
| May 5, 2023 | $20.9B | -19.9% |
Revenue performance
Reported revenue was lower than the previous quarter, extending a pattern of sequential declines.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. Versus the same quarter one year earlier, revenue also fell.
What to watch
The company relies on operating cash flows impacted by demand trends as its primary liquidity source.