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Dell Technologies (DELL) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Mar 25, 2025
Dell Technologies (DELL) reported revenue of $23.9B for the fourth quarter fiscal 2025 (Q4 FY25), +7% from a year earlier and -2% from the quarter before. Operating margin was 9.0%, net earnings $1.5B (6.4% of revenue).
Dell Technologies, Q4 FY25: revenue $23.9B (+7% year over year), operating margin 9.0%, net earnings $1.5B, operating cash flow $585M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.9B | -2% | +7% |
| Gross profit | $5.7B | +6% | +6% |
| Operating profit | $2.2B | +25% | +40% |
| Net earnings | $1.5B | +31% | +27% |
| Operating cash flow | $585M | -62% | -62% |
What changed
Revenue was $23.9B in Q4 FY25, up 7% year over year and down 2% from the previous quarter. Products was the largest line at 75% of revenue.
Gross margin was 23.7%, down 0.3 points from a year earlier. Operating profit was $2.2B, a 9.0% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, above the 7% margin then. Operating expenses fell 8% while revenue rose 7%. Net earnings were $1.5B, up 27% year over year. The effective tax rate was 23.4%.
Operating cash flow was $0.58B (down 62% year over year), 38% of net earnings. Non-cash charges added back $0.77B of depreciation and amortization and $0.19B of share-based compensation. Working capital and other items used $1.9B. Capital expenditures of $0.73B exceeded it, leaving free cash flow of −$0.15B.
Questions
What was Dell Technologies' revenue in the fourth quarter fiscal 2025?
Dell Technologies (DELL) reported revenue of $23.9B for the fourth quarter fiscal 2025 (Q4 FY25), +7% from a year earlier and -2% from the quarter before.
Was Dell Technologies profitable in the fourth quarter fiscal 2025?
Operating profit was $2.2B (9.0% of revenue) and net earnings $1.5B.
Source: Dell Technologies 10-K on SEC EDGAR.