DELL TECHNOLOGIES INC.

Segment Information

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

Three Months Ended

Six Months Ended

August 2,
2024

August 4,
2023

Change

August 2,
2024

August 4,
2023

Change

Infrastructure Solutions Group (ISG):

Net revenue:

Servers and networking

$      7,672

$      4,274

80 %

$   13,138

$    8,111

62 %

Storage

3,974

4,187

(5) %

7,735

7,943

(3) %

Total ISG net revenue

$   11,646

$      8,461

38 %

$   20,873

$ 16,054

30 %

Operating Income:

ISG operating income

$      1,284

$      1,049

22 %

$     2,020

$    1,789

13 %

% of ISG net revenue

11.0 %

12.4 %

9.7 %

11.1 %

% of total reportable segment operating income

63 %

52 %

57 %

49 %

Client Solutions Group (CSG):

Net revenue:

Commercial

$   10,556

$    10,554

— %

$   20,710

$ 20,416

1 %

Consumer

1,858

2,388

(22) %

3,671

4,509

(19) %

Total CSG net revenue

$   12,414

$    12,942

(4) %

$   24,381

$ 24,925

(2) %

Operating Income:

CSG operating income

$         767

$         969

(21) %

$     1,499

$    1,861

(19) %

% of CSG net revenue

6.2 %

7.5 %

6.1 %

7.5 %

% of total reportable segment operating income

37 %

48 %

43 %

51 %

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