Dell Technologies reported net revenue of approximately $88 billion for fiscal year 2024, down from $102 billion the prior year as PC demand normalized following the pandemic buying surge. The Infrastructure Solutions Group — which includes AI servers, storage, and networking — partially offset the decline with strong demand for Nvidia GPU-based server configurations tied to AI workload deployments.
Dell Revenue
Annual net revenue (USD billions) from 1988 through FY2024. Dell's fiscal year ends in late January. The 2016 step-up reflects the $67B EMC acquisition. Revenue was reported continuously even during the 2013–2018 private period.
Dell Annual Revenue
| Fiscal Year | Revenue (USD) | YoY Change |
|---|---|---|
| FY2015 | $54.1B | — |
| FY2016 | $50.9B | −5.9% |
| FY2017 | $61.6B | +21.0% |
| FY2018 | $78.7B | +27.8% |
| FY2019 | $90.6B | +15.1% |
| FY2020 | $92.2B | +1.8% |
| FY2021 | $94.2B | +2.2% |
| FY2022 | $101.2B | +7.4% |
| FY2023 | $102.3B | +1.1% |
| FY2024 | $88.4B | −13.6% |
Note: Dell's fiscal year ends in late January. The FY2017 step-up reflects the partial-year contribution from the EMC acquisition completed in September 2016. The FY2024 decline reflects PC demand normalization after the pandemic-era buying cycle that inflated FY2022–FY2023 results.