DELL TECHNOLOGIES INC.

Segment Information

(in millions, except percentages; unaudited; continued on next page)

Three Months Ended

Fiscal Year Ended

February 2,
2024

February 3,
2023

Change

February 2,
2024

February 3,
2023

Change

Infrastructure Solutions Group (ISG):

Net revenue:

Servers and networking

$      4,857

$    4,940

(2) %

$   17,624

$  20,398

(14) %

Storage

4,475

4,965

(10) %

16,261

17,958

(9) %

Total ISG net revenue

$      9,332

$    9,905

(6) %

$   33,885

$  38,356

(12) %

Operating Income:

ISG operating income

$      1,428

$    1,543

(7) %

$     4,286

$    5,045

(15) %

% of ISG net revenue

15.3 %

15.6 %

12.6 %

13.2 %

% of total reportable segment operating income

66 %

70 %

55 %

57 %

Client Solutions Group (CSG):

Net revenue:

Commercial

$      9,563

$  10,697

(11) %

$   39,814

$  45,556

(13) %

Consumer

2,152

2,664

(19) %

9,102

12,657

(28) %

Total CSG net revenue

$    11,715

$  13,361

(12) %

$   48,916

$  58,213

(16) %

Operating Income:

CSG operating income

$         726

$       671

8 %

$     3,512

$    3,824

(8) %

% of CSG net revenue

6.2 %

5.0 %

7.2 %

6.6 %

% of total reportable segment operating income

34 %

30 %

45 %

43 %

Amounts are based on underlying data and may not visually foot due to rounding.