---
schema_version: "secwatch.filing_event.v1"
accession: "0001571996-23-000002"
form_type: "8-K"
ticker: "DELL"
cik: "0001571996"
company_name: "Dell Technologies Inc."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T15:08:52.912068+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dell reports record FY23 revenue $102.3B, raises dividend 12%; CFO Sweet to retire, McGill named successor

## Summary
- Full-year revenue $102.3B (+1% YoY), record operating income $5.8B (+24%), non-GAAP OI $8.6B (+11%).
- Q4 revenue $25B (-11% YoY), Q4 net income $606M, diluted EPS $0.84, non-GAAP diluted EPS $1.80.
- Annual cash dividend increased 12% to $1.48 per share; first quarterly $0.37 payable May 5 to holders of record Apr 25.
- CFO Thomas Sweet to retire effective Aug 4, 2023; Yvonne McGill (current Corporate Controller) appointed CFO effective Aug 5, 2023.
- Full-year diluted EPS $3.24, non-GAAP diluted EPS $7.61; cash from operations $3.6B.

## SEC filing metadata
- accession: 0001571996-23-000002
- form_type: 8-K
- ticker: DELL
- cik: 0001571996
- company_name: Dell Technologies Inc.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1571996/000157199623000002/0001571996-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1571996/000157199623000002/dell-20230226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001571996-23-000002
- JSON: https://secwatch.observer/filing/0001571996-23-000002.json
- Plain text: https://secwatch.observer/filing/0001571996-23-000002.txt

## Key facts
- Earnings Releases
  Dell Technologies Inc. reported three months ended February 3, 2023 results: revenue $25 billion, net income $606 million, EPS $0.84.
  - Period: three months ended February 3, 2023
  - Revenue: $25 billion
  - Net income: $606 million
  - EPS: $0.84
  - Result: reported results
  source text: Fourth quarter revenue was $25 billion, down 11%. Operating income was $1.2 billion, representing 4.7% of revenue, and non-GAAP operating income was $2.2 billion, representing 8.7% of revenue. Net income from continuing operations for the quarter was $606 million, and non-GAAP net income was $1.3 billion. Cash flow from operations for the quarter was $2.7 billion. Diluted earnings per share from continuing operations was $0.84, and non-GAAP diluted earnings per share was $1.80.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1571996/000157199623000002/0001571996-23-000002-index.htm
- Earnings Releases
  Dell Technologies Inc. reported fiscal year ended February 3, 2023 results: revenue $102.3 billion, net income $2.4 billion, EPS $3.24.
  - Period: fiscal year ended February 3, 2023
  - Revenue: $102.3 billion
  - Net income: $2.4 billion
  - EPS: $3.24
  - Result: reported results
  source text: Revenue for the year was a record $102.3 billion, up 1% over fiscal year 2022. The company generated record operating income of $5.8 billion, up 24% over the prior year, and record non-GAAP operating income of $8.6 billion, up 11%. For the full year, net income from continuing operations was $2.4 billion and non-GAAP net income was $5.7 billion. Cash flow from operations was $3.6 billion. Full-year diluted earnings per share from continuing operations was $3.24, and non-GAAP diluted earnings per share was $7.61.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1571996/000157199623000002/0001571996-23-000002-index.htm
- Executive change
  Thomas W. Sweet departed as Chief Financial Officer at Dell Technologies Inc..
  - Action: retire
  - Role: Chief Financial Officer
  source text: On February 26, 2023, Thomas W. Sweet, Chief Financial Officer of the Company, notified the Company of his decision to retire from his position as Chief Financial Officer, in which position he served as the Company’s principal financial officer, effective as of August 4, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1571996/000157199623000002/0001571996-23-000002-index.htm
- Executive change
  Yvonne McGill was appointed as Chief Financial Officer at Dell Technologies Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On March 2, 2023, the Board of Directors appointed Yvonne McGill, who currently serves as the Company’s Corporate Controller, as the Company’s Chief Financial Officer, to succeed Mr. Sweet in that position and as the Company’s principal financial officer, effective as of August 5, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1571996/000157199623000002/0001571996-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.