10-K 年报仅提供 GAAP 数据 ·
| 指标 | FY2024 | FY2023 | Y/Y | FY2022 |
|---|---|---|---|---|
| 营收 Revenue | $88,425M | $102,301M | -14% | $101,197M |
| 毛利率 Gross Margin | 23.6% | 22.2% | +1.4 ppt | 21.6% |
| 研发费用 R&D | $2,801M | $2,779M | +1% | $2,577M |
| 销售及管理 SG&A | $12,857M | $14,136M | -9% | $14,655M |
| 折旧摊销 D&A | $3,303M | $3,156M | +5% | $4,551M |
| 股权激励 SBC | $878M | $931M | -6% | $808M |
| 营业利润 Operating Income | $5,211M | $5,771M | -10% | $4,659M |
| 利息费用 Interest Expense | $1,501M | $1,222M | +23% | $1,542M |
| 净利润 Net Income | $3,195M | $2,422M | +32% | $4,942M |
| 指标 | FY2024 | FY2023 | Y/Y | FY2022 |
|---|---|---|---|---|
| 每股收益 EPS | $4.36 | $3.24 | +35% | $6.26 |
| 稀释股数 Diluted Shares | 736M | 753M | -2% | 791M |
| 实际税率 Effective Tax Rate | 17.8% | 24.9% | -7.1 ppt | 16.6% |
| 板块 | 收入 | 占比 | QoQ | YoY |
|---|---|---|---|---|
| ISG - Servers & Networking | $17,624M | 19.9% | — | -14% |
| ISG - Storage | $16,261M | 18.4% | — | -9% |
| CSG - Commercial | $39,814M | 45.0% | — | -13% |
| CSG - Consumer | $9,102M | 10.3% | — | -28% |
| Other Businesses | $5,614M | 6.3% | — | -2% |
ISG 包含服务器/网络和存储业务，CSG 包含商用和消费 PC 业务。Other Businesses 主要为 VMware Resale 和 Secureworks。总分部营收 $82,801M + Other $5,614M + 未分配 $10M = $88,425M。
| 板块 | 收入 | 占比 | QoQ | YoY |
|---|---|---|---|---|
| United States | $43,986M | 49.7% | — | -11% |
| Foreign Countries | $44,439M | 50.3% | — | -16% |
10-K 仅披露美国 vs 海外两分类，未进一步拆分 EMEA/APJ。无单一海外国家超过合并营收 10%。
| 债务类型 | 金额 | 利率 | 到期日 |
|---|---|---|---|
| Senior Notes | $1,000M | 4.00% fixed | Jul 2024 |
| Senior Notes | $1,000M | 5.85% fixed | Jul 2025 |
| Senior Notes | $3,500M | 6.02% fixed | Jun 2026 |
| Senior Notes | $1,750M | 4.90% fixed | Oct 2026 |
| Senior Notes | $500M | 6.10% fixed | Jul 2027 |
| Senior Notes | $1,000M | 5.25% fixed | Feb 2028 |
| Senior Notes | $1,750M | 5.30% fixed | Oct 2029 |
| Senior Notes | $750M | 6.20% fixed | Jul 2030 |
| Senior Notes | $1,000M | 5.75% fixed | Feb 2033 |
| Senior Notes | $1,000M | 8.10% fixed | Jul 2036 |
| Senior Notes | $962M | 3.38% fixed | Dec 2041 |
| Senior Notes | $650M | 8.35% fixed | Jul 2046 |
| Senior Notes | $745M | 3.45% fixed | Dec 2051 |
| Legacy Notes | $300M | 7.10% fixed | Apr 2028 |
| Legacy Notes | $388M | 6.50% fixed | Apr 2038 |
| Legacy Notes | $264M | 5.40% fixed | Sep 2040 |
| DFS Debt | $9,492M | Variable | Various |
| Other | $171M | Various | Various |
本年度数据
| 指标 | FY2024 | FY2023 | 变化 |
|---|---|---|---|
| 暂无动态指标配置 | |||
以下观点摘自 10-K MD&A 管理层讨论章节（非 CEO 引言，10-K 不含新闻稿）
"FY2024 期间净营收下降 14%，受 CSG 和 ISG 净营收下降驱动，反映了全球宏观经济环境对需求的持续影响。"
"AI 优化服务器需求超过了 GPU 供应，导致此类产品在财年结束时积压订单水平处于高位。"
"尽管近期挑战持续，我们预计 FY2025 需求环境将改善，使我们能够实现全财年营收增长。"
"FY2024 毛利率和非 GAAP 毛利率均提升 140 个基点至 23.6% 和 24.3%，主要受益于整体投入成本下降以及多产品线平均售价提升。"
| 指标 | 数值 | 备注 |
|---|---|---|
| core_debt | $14.9B | 核心债务 = 总债务本金 - DFS 相关债务 - 其他债务。FY2024 核心债务 $14,919M，同比减少 $3,137M，反映积极去杠杆。 |
| dfs_financing_receivables | $10.5B | DFS 融资应收款净额 $10,469M（短期 $4,643M + 长期 $5,877M 减去与 DFS 相关调整），反映 Dell 金融服务业务规模。 |