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Apple vs Dell Technologies: AAPL and DELL compared
Apple is the larger company: $114.5B of revenue in its latest quarter (Q4 FY26) against $47.0B for Dell Technologies (Q2 FY27). Dell Technologies is growing faster (+58% against +12% a year earlier). Apple is more profitable, with an operating margin of 31.1% against 11.5%.
Where the money goes: AAPL and DELL
Apple (AAPL) · Q4 FY26
Apple, Q4 FY26: revenue $114.5B (+12% year over year), operating margin 31.1%, net earnings $30.7B, operating cash flow $28.1B. The chart follows the revenue to costs, profit and cash.
Dell Technologies (DELL) · Q2 FY27
Dell Technologies, Q2 FY27: revenue $47.0B (+58% year over year), operating margin 11.5%, net earnings $4.1B, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.
| Apple (AAPL) | Dell Technologies (DELL) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q2 FY27 |
| Revenue | $114.5B | $47.0B |
| Revenue growth, Y/Y | +12% | +58% |
| Gross margin | 47.9% | 20.9% |
| Operating margin | 31.1% | 11.5% |
| Net earnings | $30.7B | $4.1B |
| Net margin | 26.8% | 8.8% |
| Operating cash flow | $28.1B | $2.2B |
| Free cash flow | $25.9B | $986M |
| Market value | $5.04T | $206.6B |
| P/E | 38.1× | 18.2× |
| Analysts’ mean target | $339.04 | $590.00 |
Where the revenue comes from
Apple
- Products: $82.9B (72%)
- Services: $31.6B (28%)
Dell Technologies
- Products: $41.1B (88%)
- Services: $5.9B (12%)
Questions
Which is bigger, Apple or Dell Technologies?
Apple is the larger company: $114.5B of revenue in its latest quarter (Q4 FY26) against $47.0B for Dell Technologies (Q2 FY27).
Is Apple or Dell Technologies growing faster?
Dell Technologies is growing faster (+58% against +12% a year earlier).
Which is more profitable, Apple or Dell Technologies?
Apple is more profitable, with an operating margin of 31.1% against 11.5%.
More: Apple earnings · how Apple makes money · Dell Technologies earnings · how Dell Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Nov 3, 2026; 10-Q filed Sep 8, 2026). Fiscal quarters can end on different dates. Not investment advice.