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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
May 03, 2024
May 05, 2023
Net revenue:    
Total net revenue $ 22,244 $ 20,922
Cost of net revenue :    
Total cost of net revenue [1] 17,438 15,904
Gross margin 4,806 5,018
Operating expenses:    
Selling, general, and administrative 3,123 3,261
Research and development 763 688
Total operating expenses 3,886 3,949
Operating income 920 1,069
Interest and other, net (373) (364)
Income before income taxes 547 705
Income tax expense (benefit) (408) 127
Net income 955 578
Less: Net loss attributable to non-controlling interests (5) (5)
Net income attributable to Dell Technologies Inc. $ 960 $ 583
Earnings per share attributable to Dell Technologies Inc.    
Basic (in dollars per share) $ 1.36 $ 0.81
Diluted (in dollars per share) $ 1.32 $ 0.79
Products    
Net revenue:    
Total net revenue $ 16,127 $ 15,036
Cost of net revenue :    
Total cost of net revenue [1] 13,766 12,375
Services    
Net revenue:    
Total net revenue 6,117 5,886
Cost of net revenue :    
Total cost of net revenue [1] $ 3,672 $ 3,529
[1]
(a) Includes related party cost of net revenue as follows (Note 15):
Products$— $207 
Services$— $876