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Dell Technologies vs Nvidia: revenue, profit, margins and growth compared

Dell Technologies brought in $113.5B of revenue in fiscal 2026, Nvidia $215.9B in fiscal 2026. Revenue changed by +18.8% at Dell Technologies and +65.5% at Nvidia on the year before, so Nvidia grew faster. Dell Technologies kept 5.2% of its revenue as net profit, Nvidia 55.6%. Free cash flow was $8.6B at Dell Technologies and $96.7B at Nvidia.

Side by side, latest fiscal year

DELLNVDA
Fiscal year endedFY2026 (January 30, 2026)FY2026 (January 25, 2026)
Revenue$113.5B$215.9B
Revenue growth+18.8%+65.5%
Net income$5.9B$120.1B
Net margin5.2%55.6%
Free cash flow$8.6B$96.7B
Free cash flow margin7.5%44.8%
Earnings per share (diluted)$8.68$4.90
Cash$11.5B$10.6B
Debt$31.5B$8.5B
Price to earnings64.845.9
Market value$364.8B$5.45T
Dividend yield0.37%0.02%
Rank by revenue in sector#6 of 530 · Technology#4 of 530 · Technology

Over the years

Revenue
DELL FY2019: $90.6BDELL FY2020: $84.8BDELL FY2021: $86.7BDELL FY2022: $101.2BDELL FY2023: $102.3BDELL FY2024: $88.4BDELL FY2025: $95.6BDELL FY2026: $113.5BNVDA FY2019: $11.7BNVDA FY2020: $10.9BNVDA FY2021: $16.7BNVDA FY2022: $26.9BNVDA FY2023: $27BNVDA FY2024: $60.9BNVDA FY2025: $130.5BNVDA FY2026: $215.9BFY19FY20FY21FY22FY23FY24FY25FY26
DELL $113.5BNVDA $215.9B
Net income
DELL FY2019: -$2.3BDELL FY2020: $4.6BDELL FY2021: $3.3BDELL FY2022: $5.6BDELL FY2023: $2.4BDELL FY2024: $3.4BDELL FY2025: $4.6BDELL FY2026: $5.9BNVDA FY2019: $4.1BNVDA FY2020: $2.8BNVDA FY2021: $4.3BNVDA FY2022: $9.8BNVDA FY2023: $4.4BNVDA FY2024: $29.8BNVDA FY2025: $72.9BNVDA FY2026: $120.1BFY19FY20FY21FY22FY23FY24FY25FY26
DELL $5.9BNVDA $120.1B
Net margin
DELL FY2019: -2.5%DELL FY2020: 5.4%DELL FY2021: 3.7%DELL FY2022: 5.5%DELL FY2023: 2.4%DELL FY2024: 3.8%DELL FY2025: 4.8%DELL FY2026: 5.2%NVDA FY2019: 35.3%NVDA FY2020: 25.6%NVDA FY2021: 26.0%NVDA FY2022: 36.2%NVDA FY2023: 16.2%NVDA FY2024: 48.8%NVDA FY2025: 55.8%NVDA FY2026: 55.6%FY19FY20FY21FY22FY23FY24FY25FY26
DELL 5.2%NVDA 55.6%
Revenue growth
DELL FY2020: -6.4%DELL FY2021: +2.2%DELL FY2022: +16.8%DELL FY2023: +1.1%DELL FY2024: -13.6%DELL FY2025: +8.1%DELL FY2026: +18.8%NVDA FY2020: -6.8%NVDA FY2021: +52.7%NVDA FY2022: +61.4%NVDA FY2023: +0.2%NVDA FY2024: +125.9%NVDA FY2025: +114.2%NVDA FY2026: +65.5%FY20FY21FY22FY23FY24FY25FY26
DELL +18.8%NVDA +65.5%
Free cash flow
DELL FY2019: $5.5BDELL FY2020: $6.7BDELL FY2021: $9.3BDELL FY2022: $7.5BDELL FY2023: $562MDELL FY2024: $5.9BDELL FY2025: $1.9BDELL FY2026: $8.6BNVDA FY2022: $8.1BNVDA FY2023: $3.8BNVDA FY2024: $27BNVDA FY2025: $60.9BNVDA FY2026: $96.7BFY19FY20FY21FY22FY23FY24FY25FY26
DELL $8.6BNVDA $96.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about Dell Technologies and Nvidia

Which is bigger by revenue, Dell Technologies or Nvidia?

Nvidia is bigger by revenue: $215.9B in fiscal 2026, against $113.5B for Dell Technologies in fiscal 2026.

Which keeps more of its revenue as profit, Dell Technologies or Nvidia?

Dell Technologies had a net margin of 5.2% in fiscal 2026; Nvidia had 55.6% in fiscal 2026.

Which grew revenue faster, Dell Technologies or Nvidia?

In their latest fiscal years revenue changed by +18.8% at Dell Technologies and +65.5% at Nvidia.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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