Dell Technologies Inc. Earnings Per Share Disclosure
| Fiscal Year Ended | |||||||||||||||||
| January 30, 2026 | January 31, 2025 | February 2, 2024 | |||||||||||||||
| Earnings per share attributable to Dell Technologies Inc. | |||||||||||||||||
| Dell Technologies Common Stock — Basic | $ | 8.79 | $ | 6.51 | $ | 4.71 | |||||||||||
| Dell Technologies Common Stock — Diluted | $ | 8.68 | $ | 6.38 | $ | 4.60 | |||||||||||
| Fiscal Year Ended | |||||||||||||||||
| January 30, 2026 | January 31, 2025 | February 2, 2024 | |||||||||||||||
| (in millions) | |||||||||||||||||
| Numerator: Dell Technologies Common Stock | |||||||||||||||||
| Net income attributable to Dell Technologies Inc. — basic and diluted | $ | 5,936 | $ | 4,592 | $ | 3,388 | |||||||||||
| Denominator: Dell Technologies Common Stock weighted-average shares outstanding | |||||||||||||||||
Weighted-average shares outstanding — basic | 675 | 705 | 720 | ||||||||||||||
| Dilutive effect of equity awards | 9 | 15 | 16 | ||||||||||||||
Weighted-average shares outstanding — diluted | 684 | 720 | 736 | ||||||||||||||
Weighted-average shares outstanding — antidilutive | 1 | — | 4 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 16, 2026 | Showing above |
| 2025 | Mar 25, 2025 | |
| 2024 | Mar 25, 2024 | |
| 2023 | Mar 30, 2023 | |
| 2022 | Mar 24, 2022 | |
| 2021 | Mar 26, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.