At Computex 2026, Dell Technologies unveiled a redesigned XPS 13 laptop (model DX13260), priced at $699 for general consumers and $599 for students through a back-to-school promotional period running into early September [Brief - 2026-06-02]. The device was presented as a notable hardware refresh in Dell's consumer PC lineup. A prior quarterly summary covering filings and holdings for DELL was published on 2026-07-17 [Brief - 2026-07-17].
Dell's trailing twelve-month revenue stood at $134.0 billion as of the most recent filing date, reflecting year-over-year revenue growth of 87.5%. Net income TTM was $8.41 billion, with EPS growing 282.5% year-over-year. Gross margin was recorded at 19.1%, operating margin at 7.9%, and net margin at 6.3%. The company held $11.58 billion in cash against $38.71 billion in total debt. The P/E ratio stood at 39.11, with a market capitalisation of approximately $318.5 billion [SEC 10-Q - DELL - 2026-05-01].
Insider activity in August 2026 comprised two transactions, both in the net selling direction, with a combined net value of approximately -$836,643 [SEC Form 4 - DELL - 2026-08]. On the institutional side, four notable funds initiated new positions in DELL during the most recent reporting period: Citadel (Ken Griffin), Millennium (Izzy Englander), AQR Capital (Cliff Asness), and Bridgewater (Ray Dalio) each opened new positions [SEC 13F - Citadel - Q2 2026; SEC 13F - Millennium - Q2 2026; SEC 13F - AQR Capital - Q2 2026; SEC 13F - Bridgewater - Q2 2026]. These simultaneous new entries across multiple large institutional managers represent the material ownership changes that triggered this report.
The prevailing macroeconomic backdrop features a 10-year US Treasury yield (DGS10) of 4.63% and a 2-year yield (DGS2) of 4.15%, producing a normal yield curve with a spread of 48 basis points [FRED DGS10; FRED DGS2]. This rate environment remains a relevant factor in the cost of capital context for a company carrying $38.71 billion in total debt [SEC 10-Q - DELL - 2026-05-01].