DELL TECHNOLOGIES INC.

Segment Information

(in millions, except percentages; unaudited; continued)

Three Months Ended

Six Months Ended

August 2, 2024

August 4, 2023

August 2, 2024

August 4, 2023

Reconciliation to consolidated net revenue:

Reportable segment net revenue

$              24,060

$              21,403

$           45,254

$           40,979

Other businesses (a)

966

1,528

2,015

2,871

Unallocated transactions (b)

—

3

1

6

Total consolidated net revenue

$              25,026

$              22,934

$           47,270

$           43,856

Reconciliation to consolidated operating income:

Reportable segment operating income

$                 2,051

$                 2,018

$             3,519

$             3,650

Other businesses (a)

(17)

(44)

(11)

(80)

Unallocated transactions (b)

—

3

—

5

Amortization of intangibles (c)

(168)

(213)

(336)

(416)

Stock-based compensation expense (d)

(191)

(223)

(401)

(448)

Other corporate expenses (e)

(333)

(376)

(509)

(477)

Total consolidated operating income

$                 1,342

$                 1,165

$             2,262

$             2,234