DELL TECHNOLOGIES INC.
Reconciliation of Selected Non-GAAP Financial Measures
(in millions, except percentages and per share amounts; unaudited; continued)

Three Months Ended

Fiscal Year Ended

February 3,
2023

January 28,
2022

Change

February 3,
2023

January 28,
2022

Change

Earnings per share from continuing operations attributable to Dell Technologies Inc.  

Net income (loss) from continuing operations
attributable to Dell Technologies Inc. — basic

$             614

$              (28)

$          2,442

$          4,948

 Weighted-average shares outstanding —
 basic

716

763

734

762

Earnings (loss) per share attributable to Dell
Technologies Inc. — basic

$            0.86

$          (0.04)

NM

$            3.33

$            6.49

(49) %

Net income (loss) from continuing operations
attributable to Dell Technologies Inc. — diluted

$             614

$              (28)

$          2,442

$          4,948

 Weighted-average shares outstanding —
 diluted

735

763

753

791

Earnings (loss) per share attributable to Dell
Technologies Inc. — diluted

$            0.84

$          (0.04)

NM

$            3.24

$            6.26

(48) %

Earnings per share from discontinued operations attributable to Dell Technologies Inc.

Net income from discontinued operations
attributable to Dell Technologies Inc. — basic

$                —

$                30

$                —

$             615

 Weighted-average shares outstanding —
 basic

—

763

—

762

Earnings per share attributable to Dell
Technologies Inc. — basic

$                —

$            0.04

NM

$                —

$            0.81

NM

 Incremental dilution from VMware, Inc.
 attributable to Dell Technologies

—

—

—

(7)

Net income from discontinued operations
attributable to Dell Technologies Inc. — diluted

$                —

$                30

$                —

$             608

 Weighted-average shares outstanding —
 diluted

—

763

—

791

Earnings per share attributable to Dell
Technologies Inc. — diluted

$                —

$            0.04

NM

$                —

$            0.76

NM

Non-GAAP earnings per share attributable to Dell Technologies Inc.

Non-GAAP net income attributable to Dell
Technologies Inc. — basic

$          1,324

$          1,390

$          5,734

$          4,923

  Weighted-average shares outstanding —
  basic

716

763

734

762

Earnings per share attributable to Dell
Technologies Inc. — basic

$            1.85

$            1.82

2 %

$            7.81

$            6.46

21 %

Non-GAAP net income attributable to Dell
Technologies Inc. — diluted

$          1,324

$          1,389

$          5,734

$          4,923

  Weighted-average shares outstanding —
  diluted

735

810

753

791

Earnings per share attributable to Dell
Technologies Inc. — diluted

$            1.80

$            1.72

5 %

$            7.61

$            6.22

22 %

                                                                        Amounts may not visually recalculate due to rounding.