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of Contents](#ife7748e1cab540f8afb7484b42515276_13)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\nForm 10-Q\n\n \n\n(Mark One)  \n\n☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended May 1, 2026\n\nor\n\n☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES\nEXCHANGE ACT OF 1934\n\nFor the transition period from            to           \n\n \n\nCommission File Number: 001-37867\n\n \n\nDell Technologies Inc.\n\n(Exact name of registrant as specified in its charter) \n\n \n\nDelaware 80-0890963\n\n(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)\n\nOne Dell Way, Round Rock, Texas 78682\n\n(Address of principal executive offices) (Zip Code)\n\n1-800-289-3355 \n\n(Registrant’s telephone number, including area code)\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nClass C Common Stock, par value of $0.01 per shareDELLNew York Stock Exchange\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No ¨\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ No ¨\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer☑ Accelerated filer ☐\n\nNon-accelerated filer☐ Smaller reporting company☐\n\nEmerging growth company☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No þ\n\nAs of June 2, 2026, there were 648,107,991 shares of the registrant’s common stock outstanding, consisting of 324,873,640 outstanding shares of Class C Common Stock, 276,744,341 outstanding shares of Class A Common Stock, and 46,490,010 outstanding shares of Class B Common Stock.\n\n1\n\n[Table of Contents](#ife7748e1cab540f8afb7484b42515276_13)\n\nCAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS\n\nThis report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”). The words “may,” “will,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “aim,” “seek,” and similar expressions as they relate to us or our management are intended to identify these forward-looking statements. All statements by us regarding our expected financial position, revenues, cash flows and other operating results, business strategy, legal proceedings, and similar matters are forward-looking statements. Our expectations expressed or implied in these forward-looking statements may turn out not to be correct. Our results could be materially different from our expectations because of various risks, including the risks discussed in “Part I — Item 1A — Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended January 30, 2026, in this report and in our other periodic and current reports filed with the Securities and Exchange Commission (“SEC”). Any forward-looking statement speaks only as of the date as of which such statement is made, and, except as required by law, we undertake no obligation to update any forward-looking statement after the date as of which such statement was made, whether to reflect changes in circumstances or our expectations, the occurrence of unanticipated events, or otherwise.\n\n2\n\n[Table of Contents](#ife7748e1cab540f8afb7484b42515276_13)\n\nDELL TECHNOLOGIES INC.\n\nTABLE OF CONTENTS\n\nPage\n\n[PART I](#ife7748e1cab540f8afb7484b42515276_19)[—](#ife7748e1cab540f8afb7484b42515276_130)[FINANCIAL INFORMATION](#ife7748e1cab540f8afb7484b42515276_19)\n\n[Item 1.](#ife7748e1cab540f8afb7484b42515276_97)\n\n[Financial Statements (unaudited)](#ife7748e1cab540f8afb7484b42515276_97)\n\n[4](#ife7748e1cab540f8afb7484b42515276_97)\n\n[Item 2.](#ife7748e1cab540f8afb7484b42515276_61)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#ife7748e1cab540f8afb7484b42515276_61)\n\n[47](#ife7748e1cab540f8afb7484b42515276_61)\n\n[Item 3.](#ife7748e1cab540f8afb7484b42515276_22)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#ife7748e1cab540f8afb7484b42515276_22)\n\n[69](#ife7748e1cab540f8afb7484b42515276_22)\n\n[Item 4.](#ife7748e1cab540f8afb7484b42515276_208)\n\n[Controls and Procedures](#ife7748e1cab540f8afb7484b42515276_208)\n\n[69](#ife7748e1cab540f8afb7484b42515276_208)\n\n[PART II — OTHER INFORMATION](#ife7748e1cab540f8afb7484b42515276_52)\n\n[Item 1.](#ife7748e1cab540f8afb7484b42515276_250)\n\n[Legal Proceedings](#ife7748e1cab540f8afb7484b42515276_250)\n\n[70](#ife7748e1cab540f8afb7484b42515276_250)\n\n[Item 1A.](#ife7748e1cab540f8afb7484b42515276_253)\n\n[Risk Factors](#ife7748e1cab540f8afb7484b42515276_253)\n\n[70](#ife7748e1cab540f8afb7484b42515276_253)\n\n[Item 2.](#ife7748e1cab540f8afb7484b42515276_256)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#ife7748e1cab540f8afb7484b42515276_256)\n\n[70](#ife7748e1cab540f8afb7484b42515276_256)\n\n[Item 5.](#ife7748e1cab540f8afb7484b42515276_211)\n\n[Other Information](#ife7748e1cab540f8afb7484b42515276_211)\n\n[71](#ife7748e1cab540f8afb7484b42515276_211)\n\n[Item 6.](#ife7748e1cab540f8afb7484b42515276_259)\n\n[Exhibits](#ife7748e1cab540f8afb7484b42515276_259)\n\n[72](#ife7748e1cab540f8afb7484b42515276_259)\n\n[Signatures](#ife7748e1cab540f8afb7484b42515276_262)\n\n[73](#ife7748e1cab540f8afb7484b42515276_262)\n\n3\n\n[Table of Contents](#ife7748e1cab540f8afb7484b42515276_13)\n\nPART I — FINANCIAL INFORMATION"}