• Dell is like HP, offering a broad range of personal computers, servers, storage, and IT services for businesses and consumers.
• Dell is like a modern-day IBM, providing essential IT infrastructure and services for businesses globally.

• Personal Computers: Laptops and desktops for consumers, businesses, and gamers.
• Workstations: High-performance computers designed for demanding professional applications like CAD and video editing.
• Servers: Infrastructure hardware for data centers and enterprise computing environments.
• Storage Solutions: Data storage arrays, software-defined storage, and data protection systems for businesses.
• Networking Hardware: Switches and related equipment for enterprise network infrastructure.
• Monitors & Peripherals: Displays, docking stations, keyboards, mice, and other computer accessories.
• IT Consulting & Deployment Services: Strategic IT advice, planning, and implementation for hardware and software solutions.
• Managed IT Services: Ongoing management, maintenance, and support for IT infrastructure and endpoints, including security services.
• Cloud & Data Management Services: Solutions for building, managing, and securing hybrid and multi-cloud environments, including data protection and recovery.
• Financial Services: Leasing and financing options for technology purchases provided through Dell Financial Services.

• Large Enterprises

  Dell serves numerous large corporations across nearly every industry, including financial services, healthcare, manufacturing, energy, and technology. These customers rely on Dell for a comprehensive range of IT solutions, including client devices (PCs, laptops, workstations), servers, storage, networking equipment, software, and IT services (e.g., consulting, deployment, support).

• Government Agencies

  Dell is a significant supplier to federal, state, and local government agencies around the world. These agencies utilize Dell's technology for their operational infrastructure, data management, and computing needs, often through long-term contracts and procurement vehicles.

• Educational Institutions

  The company provides IT solutions to a wide spectrum of educational institutions, from K-12 schools to colleges and universities. Dell's products and services support administrative functions, classroom technology, research initiatives, and student computing needs.

• Small and Medium Businesses (SMBs)

  Collectively, small and medium-sized businesses represent a substantial customer segment for Dell. These customers leverage Dell's offerings for their foundational IT infrastructure, including business-class desktops and laptops, entry-level servers, networking, and cloud services, often directly or through channel partners.

• Intel (INTC)
• AMD (AMD)
• NVIDIA (NVDA)
• Microsoft (MSFT)
• Micron Technology (MU)
• Samsung Electronics (005930.KS)
• SK Hynix (000660.KS)
• Western Digital (WDC)
• Seagate Technology (STX)
• LG Display (LPL)

Michael Dell, Chairman & Chief Executive Officer

Michael Dell is the founder, chairman, and CEO of Dell Technologies. He started the company (originally PCs Limited) in 1984 with $1,000 from his University of Texas dorm room at the age of 19. In 1992, he became the youngest CEO to be ranked on the Fortune 500. Dell led the company to go private in 2013 and then relisted it on the public markets in 2018, following the combination of Dell, EMC, and VMware. In 1998, he formed MSD Capital, now DFO Management, a private investment firm that exclusively manages capital for the Dell family.

Yvonne McGill, Chief Financial Officer

Yvonne McGill is Dell Technologies' Chief Financial Officer, a role she assumed in Q3 of fiscal year 2024 (around August 2023). She oversees all aspects of the company's finance function, including accounting, financial planning and analysis, tax, treasury, investor relations, corporate development, global business operations, and Dell Financial Services. McGill joined Dell in 1997 and has held various leadership positions, including corporate controller, CFO of the Infrastructure Solutions Group, CFO of the Asia-Pacific, Japan, and China business, and Chief Accounting Officer. Prior to joining Dell, she served as assistant controller at ManTech International Corporation for three years and spent five years at Price Waterhouse providing audit and accounting services. She also serves on the Board of Directors for Applied Materials, Inc.

Jeff Clarke, Vice Chairman and Chief Operating Officer

Jeff Clarke is the Vice Chairman and Chief Operating Officer for Dell Technologies, responsible for running day-to-day business operations, shaping the strategic agenda, and setting priorities across the executive leadership team. He directs the Infrastructure Solutions Group, the Client Solutions Group, and manages Global Operations, including manufacturing, procurement, and supply chain. Clarke joined Dell in 1987 as a quality engineer. His leadership has been instrumental in the company's transformations, leading to Dell Technologies holding No. 1 worldwide share positions in many of its core infrastructure and PC products. Before Dell, he worked as a reliability and product engineer at Motorola, Inc.

Jennifer Saavedra, Chief Human Resources Officer

Jennifer Saavedra serves as Dell Technologies' Chief Human Resources Officer. In this role, she leads the global people strategy across the company's diverse workforce.

Rory Read, President & CEO, Dell Technologies Infrastructure Solutions Group (ISG)

Rory Read holds the position of President & CEO for Dell Technologies' Infrastructure Solutions Group (ISG).

The accelerating shift of enterprise IT workloads to public cloud infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) offerings from providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). This trend directly impacts Dell's Infrastructure Solutions Group (ISG), which primarily sells on-premise servers, storage, and networking hardware. As organizations increasingly migrate their computing and data storage needs to the public cloud, the demand for traditional data center infrastructure purchases from companies like Dell is progressively eroded. While Dell is adapting with hybrid cloud solutions and its APEX as-a-service portfolio, the fundamental long-term trend favors consumption-based cloud services over owned hardware, posing an ongoing and deepening threat to Dell's conventional hardware sales model in the enterprise segment.

Dell Technologies (symbol: DELL) operates in several large addressable markets, encompassing personal computing, servers, data storage, networking, and IT services. Below are the estimated market sizes for these key product and service areas:

• Personal Computers (PCs): The global personal computers market size was estimated at approximately USD 155.19 billion in 2023 and is projected to reach USD 256.75 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 8.0% from 2024 to 2030. Another report indicates the global PC market is valued at USD 222.64 billion in 2025 and is forecast to reach USD 344.13 billion by 2030, with a CAGR of 9.10%. In the first quarter of 2025, worldwide PC shipments totaled 59 million units, with U.S. PC shipments growing 12.6% to 16 million units.
• Servers: The global servers market was valued at USD 136.69 billion in 2024 and is projected to grow to USD 237.00 billion by 2032, at a CAGR of 7.3%. North America held a significant market share of 43.54% in the global servers market in 2024. Another estimate for the global server market size was USD 94.09 billion in 2023, with a projection to reach USD 175.29 billion by 2030, growing at a CAGR of 9.8%.
• Data Storage: The global data storage market size was valued at USD 218.33 billion in 2024 and is projected to reach USD 774.00 billion by 2032, demonstrating a CAGR of 17.2%. North America dominated the global market with a 42.07% share in 2024. The U.S. data storage market alone is projected to reach an estimated value of USD 226.81 billion by 2032. Separately, the global storage market was valued at US$ 127.68 billion in 2023 and is expected to reach US$ 159.58 billion by 2028 with a CAGR of 4.56%. Asia Pacific held the highest market share of 37.5% in the global storage market in 2023, followed by North America at 30.8%.
• Networking: The global enterprise networking market size was estimated at USD 215.45 billion in 2024 and is projected to reach USD 298.30 billion by 2030, growing at a CAGR of 5.4%. The Asia Pacific region dominated this market with a revenue share of 40.3% in 2024. Another source indicates the global enterprise networking market size was valued at USD 213.70 billion in 2024 and is expected to reach approximately USD 376.61 billion by 2034, with a CAGR of 5.83%. The broader global networking market was valued at US$ 436.88 billion in 2023 and is projected to reach US$ 577.56 billion by 2028, growing at a CAGR of 5.74%. Asia Pacific accounted for the largest networking market share in 2023 at 43.3%.
• IT Services: The global IT services market size was valued at USD 2,600.8 billion in 2023 and is projected to reach USD 6,459.8 billion by 2033, with a CAGR of 9.4%. North America dominated the IT services market share in 2023. Another estimate for the global IT services market size was USD 1.50 trillion in 2024, with a projection to reach USD 2.59 trillion by 2030 at a CAGR of 9.4%. North America held a 36.1% market share in global IT services in 2024. The global cybersecurity market, a component of IT services, was valued at USD 193.73 billion in 2024 and is expected to grow to USD 562.77 billion by 2032, with a CAGR of 14.40% during 2025-2032.

Dell Technologies (DELL) is anticipated to drive future revenue growth over the next two to three years through several key areas:

1. Surging demand for AI-optimized servers and expansion of the Infrastructure Solutions Group (ISG): Dell is experiencing robust demand for its AI servers, evidenced by substantial order backlogs and significant growth in its pipeline. The company is actively expanding its AI capabilities and is strategically positioned as a leader in AI infrastructure solutions, which is expected to fuel strong growth within its ISG segment.
2. Impending PC refresh cycle and the introduction of AI PCs within the Client Solutions Group (CSG): An upcoming PC refresh cycle, propelled by an aging installed base and the nearing end-of-life for Windows 10, is projected to significantly boost Dell's Client Solutions Group, particularly in commercial PCs. Additionally, the launch of Dell's new AI PC portfolio is expected to contribute to CSG revenue growth.
3. Growth in storage and networking solutions: Dell anticipates increased revenue from its storage and networking offerings as customers seek integrated solutions for deploying artificial intelligence at scale. The company's Infrastructure Solutions Group is poised for growth in both AI and traditional servers, with storage revenue already demonstrating positive trends.