Dell Technologies Inc. (DELL)

Dell Technologies is a global technology company that provides technology solutions for the data and AI era, ranging from client devices and peripherals to infrastructure solutions across servers, networking, and storage. It designs, develops, manufactures, markets, sells, and supports integrated solutions that extend from the edge to the core to the cloud, including AI-optimized, software-defined, and cloud native infrastructure. Its stated vision is to become the most essential technology partner, and it operates in over 170 countries.

The company has two reportable segments. The Infrastructure Solutions Group offers AI-optimized servers for workloads such as model training, fine-tuning, and inferencing; traditional servers and networking; and storage spanning primary, unstructured, and data protection offerings delivered through all-flash, software-defined, and hyper-converged platforms. It also provides software, peripherals, and services. The Client Solutions Group sells branded notebooks, desktops, and workstations, branded peripherals such as displays and docking stations, and third-party software and peripherals, with commercial and consumer offerings and related services. Other businesses, reported in Corporate and other, consist of the former VMware resale (terminated in March 2024) and Secureworks, which was sold in February 2025. Dell Payment Solutions offers utility, subscription, as-a-Service, lease, loan, and immediate pay options, supported by Dell Financial Services, which funded $11.9 billion of originations in Fiscal 2026 and held a $14.3 billion financing receivables portfolio. R&D expense was $3.1 billion in Fiscal 2026, and the company holds 25,859 granted patents.

Dell serves large global and national enterprises, governments and public institutions, educational and healthcare organizations, small and medium-sized businesses, and consumers. It sells directly through a field and account-based sales force and through value-added resellers, system integrators, distributors, and retailers; these other channels generated about 40% of Fiscal 2026 net revenue. About 65% of ISG revenue and about 60% of CSG revenue come from the Americas, with the rest from EMEA and APJ. Sales are somewhat seasonal, with stronger storage sales in the fourth fiscal quarter.

Dell owns manufacturing facilities in the United States, Malaysia, China, Brazil, India, Poland, and Ireland, and also uses contract manufacturers. It buys materials and components from many suppliers, relying on single or limited sources in some cases. Strong demand for AI-optimized servers has driven backlog growth. Competition comes from branded and generic competitors, companies specializing in particular product lines, and non-traditional IT companies such as large Infrastructure-as-a-Service providers that buy directly from original design manufacturers. The company is headquartered in Round Rock, Texas.