Technology · DELL
Dell Technologies (DELL) does not disclose its U.S. government share of revenue
What Dell Technologies's FY2026 annual report says, and what federal contract records show.
Summary
Dell Technologies does not report a company-wide share of revenue from the U.S. government. Its FY2026 annual report says: 10-K gives no company-wide U.S. government revenue share. New coverage: latest 10-K, picked by Claude Code; needs editor approval. Total revenue was $113.5B. We show the share as not disclosed rather than estimate it.
Federal agencies obligated $3.30B in prime contracts to the 2 recipient records we matched to Dell Technologies in federal fiscal year 2025, 62.7% of it from the Department of Defense.
Share of revenue over time
Dell Technologies does not disclose a company-wide U.S. government percentage, so there is no share history to chart.
| Fiscal year | U.S. gov share | U.S. gov revenue | Total revenue | Source |
|---|---|---|---|---|
| FY2026 | not disclosed | — | $113.5B | 10-K |
What Dell Technologies counts as government revenue
- Definition used
- 10-K gives no company-wide U.S. government revenue share
- Foreign military sales
- Not applicable
- Subcontract work
- Not stated
- Adjusted ex-FMS share
- —
Read the FY2026 annual report.
New coverage: latest 10-K, picked by Claude Code; needs editor approval.
The contract record
Prime contract obligations on USAspending.gov for the 2 recipient records we matched to Dell Technologies (obligations are not revenue).
In FFY2025, 62.7% of these obligations came from the Department of Defense and 37.3% from civilian agencies.
Contract obligations by awarding agency, FFY2025
Top 8 awarding sub-agencies; the rest grouped as Other.
| Awarding agency | Obligations | Share |
|---|---|---|
| Defense Information Systems Agency | $677M | 20.5% |
| Department of Veterans Affairs | $577M | 17.5% |
| Department of the Air Force | $562M | 17% |
| Department of the Navy | $518M | 15.7% |
| Defense Health Agency | $112M | 3.4% |
| U.S. Special Operations Command | $79.4M | 2.4% |
| Federal Acquisition Service | $62.6M | 1.9% |
| Department of the Army | $59.1M | 1.8% |
| Other | $654M | 19.8% |
Obligations by federal fiscal year
| Federal fiscal year | Obligations | Note |
|---|---|---|
| FFY2026 | $3.26B | preliminary DoD data posts with a 90-day delay |
| FFY2025 | $3.30B | Matched to FY2026 |
| FFY2024 | $3.40B | |
| FFY2023 | $3.03B | |
| FFY2022 | $2.67B | |
| FFY2021 | $2.12B |
Largest contracts active in FFY2025
Ranked by total obligated value to date on each award (all years), among awards with activity in FFY2025. Links open the award on USAspending.gov.
| Award | Agency | Description | Obligated to date | Period |
|---|---|---|---|---|
| 36C10B22F0089Dell Federal Systems L.p | Department of Veterans Affairs | VA MICROSOFT ENTERPRISE LICENSE AGREEMENT. | $1.59B | 2022–2026 |
| FA877223F0001Dell Marketing L.p. | Department of the Air Force | MICROSOFT ESA AGREEMENT | $1.27B | 2022–2025 |
| 36C10B25F0093Dell Federal Systems L.p | Department of Veterans Affairs | MICROSOFT ENTERPRISE AGREEMENT | $1.08B | 2025–2027 |
| HC108425F0014Dell Marketing L.p. | Defense Information Systems Agency | MICROSOFT PRODUCTS | $508M | 2024–2025 |
| N0003925F7807Dell Marketing L.p. | Department of the Navy | PERSONA 5 (8/4 MONTH TERM). THE NAICS CODE FOR THIS ORDER IS 513210 FOR SOFTWARE LICENSES, AS REFLECTED IN MODIFICATION P00005 OF… | $272M | 2025–2026 |
| N0003924F7808Dell Marketing L.p. | Department of the Navy | PERSONA 5 (8 MONTH TERM) | $243M | 2024–2025 |
| H9241524F0022Dell Marketing L.p. | U.S. Special Operations Command | MICROSOFT LICENSE RENEWAL AND SUSTAINMENT | $227M | 2024–2027 |
| SP470123F0029Dell Marketing L.p. | Defense Logistics Agency | 8509649109!M365 E5 FOR OFFICE USERS | $154M | 2023–2026 |
| 2032H520F00082Dell Federal Systems L.p | Internal Revenue Service | ENTERPRISE AGREEMENT FOR 92,000 USER SUBSCRIPTIONS OF MICROSOFT BRAND NAME OFFICE 365, WINDOWS 10 ENTERPRISE, AZURE ACTIVE DIRECTORY,… | $139M | 2019–2024 |
| 75N92024F90001Dell Federal Systems L.p | Office of the Assistant Secretary for Financial Resources | NIH MS ENTERPRISE LICENSE AGREEMENT | $109M | 2024–2027 |
Recipients we matched to Dell Technologies
These USAspending recipient records are rolled into the figures above. Readers can check each one; if a match looks wrong, tell us.
| Recipient name | UEI | How matched | FFY2025 obligations |
|---|---|---|---|
| DELL FEDERAL SYSTEMS L.P | N1C5QLNPJLS4 | Name pattern | $1.33B |
| DELL MARKETING L.P. | HJLSY7RZV8X6 | Name pattern | $1.97B |
Peers
| Company | Sector | U.S. gov share | Total revenue |
|---|---|---|---|
| DELLDell Technologies | Technology | not disclosed | $113.5B |
| ACNAccenture | Technology | 8% | $69.7B |
| ORCLOracle | Technology | not disclosed | $67.4B |
| PLTRPalantir | Technology | 41.4% | $4.48B |
| MSFTMicrosoft | Technology | not disclosed | $331.8B |
| GOOGLAlphabet | Technology | not disclosed | $402.8B |
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Sources
- Dell Technologies, FY2026 annual report (U.S. government share) (accessed October 16, 2026)
- SEC XBRL company facts for Dell Technologies (revenue history) (accessed October 16, 2026)
- USAspending.gov recipient profile: Dell Federal Systems L.P (accessed October 16, 2026)
- USAspending.gov API, prime contract awards (award types A–D) (accessed October 16, 2026)
- Federal Exposure methodology