As of Q4'26 (2026-01-30), DELL reported a gross margin of 19.8%, an operating margin of 9.3%, and a net profit margin of 6.8%. These figures reflect the most recent quarterly performance, showing a moderate improvement in both operating and net profit margins compared to the previous quarter, while the gross margin remains below 20%. Over the period from Q1'24 to Q4'26, DELL's profit margins have exhibited moderate volatility. Gross margin has gradually declined from a high of 24% in early 2023 to under 20% by early 2026, indicating some pressure on cost structure or pricing. Operating and net profit margins, however, have shown a more resilient trend, with notable peaks in Q4'25 and Q4'26, suggesting improved operational efficiency or cost management in select quarters. Overall, while gross margin has weakened, the company has managed to sustain and even grow its bottom-line profitability in recent quarters.