In the latest reported period of Q1'27, Dell's total operating expenses reached 4.13B USD, driven by 983M USD in R&D Expenses and 3.14B USD in SG&A Expenses. This represents a significant sequential increase from Q4'26, with R&D spending hitting its highest level in the tracked period. From Q2'24 to Q1'27, the company's operating expenses have exhibited a volatile but generally stable trend, with SG&A Expenses consistently serving as the dominant cost component. While SG&A costs peaked at 3.52B USD in Q2'24 and subsequently moderated, R&D Expenses have shown a steady upward trajectory, growing from 705M USD to 983M USD over the same timeframe. The data highlights a notable shift toward increased investment in innovation during the most recent fiscal quarter.