Direct Answer
Dell Technologies reports revenue across 2 business segments in its fiscal 2026 Form 10-K. Infrastructure Solutions Group is the largest, with $60.8 billion of revenue (54% of the total), followed by Client Solutions at $51.0 billion (45%). 56% of revenue came from the United States.
How Does Dell Technologies Make Money?
No single line supplies a majority of revenue: the largest, Infrastructure Solutions Group, is 54%, which spreads Dell Technologies's exposure across several demand drivers. Between fiscal 2025 and 2026, Infrastructure Solutions Group grew fastest (+39.5%) and Client Solutions slowest (+5.4%), so the revenue mix tilts toward Infrastructure Solutions Group while that gap lasts.
| Segment | FY2026 revenue | FY2025 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Infrastructure Solutions Group | $60.8 billion | $43.6 billion | 53.6% | 39.5% |
| Client Solutions | $51.0 billion | $48.4 billion | 44.9% | 5.4% |
Which Dell Technologies Segments Earn the Most?
| Segment | FY2026 segment operating income | Segment margin |
|---|---|---|
| Infrastructure Solutions Group | $7.1 billion | 11.7% |
| Client Solutions | $2.8 billion | 5.6% |
Segment operating income is the profit measure Dell Technologies reports to its chief operating decision maker for each segment. It usually leaves out corporate costs that are not allocated to a segment, so the segments usually add up to more than consolidated operating income, and margins are comparable within Dell Technologies more safely than against another company.
What Does Dell Technologies Sell?
Dell Technologies also breaks revenue down by product and service line, which shows what customers pay for rather than how management organizes the business.
| Product or service | FY2026 revenue | FY2025 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Product | $90.4 billion | $71.4 billion | 79.6% | 26.6% |
| Service | $23.1 billion | $24.1 billion | 20.4% | -4.2% |
Where Does Dell Technologies's Revenue Come From?
Regions follow the definitions in the filing; most companies assign revenue by customer location.
| Region | FY2026 revenue | FY2025 revenue | Share of revenue | Change |
|---|---|---|---|---|
| United States | $63.1 billion | $51.0 billion | 55.6% | 23.8% |
| Outside the United States | $50.4 billion | $44.6 billion | 44.4% | 13.1% |
What the Segment Figures Do Not Show
The rows above add up to 98% of Dell Technologies's reported revenue for fiscal 2026; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Dell Technologies reported in the segment note and revenue disclosures of its Form 10-K filed March 16, 2026 (accession 0001571996-26-000008), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2026; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Dell Technologies's business segments?
In its fiscal 2026 Form 10-K, Dell Technologies reports revenue for Infrastructure Solutions Group and Client Solutions.
Which part of Dell Technologies brings in the most revenue?
Infrastructure Solutions Group, with $60.8 billion of revenue in fiscal 2026, or 54% of the total.
How much of Dell Technologies's revenue comes from outside the United States?
44% in fiscal 2026, by the geographic breakdown Dell Technologies reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.