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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Aug. 02, 2024
Aug. 04, 2023
Aug. 02, 2024
Aug. 04, 2023
Net revenue:        
Total net revenue $ 25,026 $ 22,934 $ 47,270 $ 43,856
Cost of net revenue :        
Total cost of net revenue [1] 19,715 17,547 37,153 33,451
Gross margin 5,311 5,387 10,117 10,405
Operating expenses:        
Selling, general, and administrative 3,189 3,517 6,312 6,778
Research and development 780 705 1,543 1,393
Total operating expenses 3,969 4,222 7,855 8,171
Operating income 1,342 1,165 2,262 2,234
Interest and other, net (353) (451) (726) (815)
Income before income taxes 989 714 1,536 1,419
Income tax expense (benefit) 148 259 (260) 386
Net income 841 455 1,796 1,033
Less: Net loss attributable to non-controlling interests (5) (7) (10) (12)
Net income attributable to Dell Technologies Inc. $ 846 $ 462 $ 1,806 $ 1,045
Earnings per share attributable to Dell Technologies Inc.        
Basic (in dollars per share) $ 1.19 $ 0.64 $ 2.55 $ 1.44
Diluted (in dollars per share) $ 1.17 $ 0.63 $ 2.49 $ 1.42
Products        
Net revenue:        
Total net revenue $ 18,954 $ 16,935 $ 35,081 $ 31,971
Cost of net revenue :        
Total cost of net revenue [1] 16,079 14,002 29,845 26,377
Services        
Net revenue:        
Total net revenue 6,072 5,999 12,189 11,885
Cost of net revenue :        
Total cost of net revenue [1] $ 3,636 $ 3,545 $ 7,308 $ 7,074
[1]
(a) Includes related party cost of net revenue as follows (Note 15):
Products$— $384 $— $591 
Services$— $880 $— $1,756