The chart above displays the total research and development expenses of Dell Technologies from 2015 to 2023 in millions of US dollars.
In fiscal 2023, the total research and development spending of Dell Technologies increased 8% compared to the prior year. The company spent 2.7% of its total net sales on research and development or $2,779 million in 2023 compared to $2,577 million in the prior year.
Dell’s total net revenue in fiscal 2023 increased to $102,301 million compared to $101,197 million in fiscal 2022. However, the net income of the company decreased to $2,422 million in fiscal 2023 compared to $5,707 million in fiscal 2022.
Research and Development Expenses of Dell Technologies 2015-2023
Amounts are in $millions.
| Year | R&D expenses ($m) |
| 2023 | $2,779 |
| 2022 | $2,577 |
| 2021 | $2,455 |
| 2020 | $2,454 |
| 2019 | $4,604 |
| 2018 | $4,384 |
| 2017 | $2,636 |
| 2016 | $1,051 |
| 2015 | $920 |
In fiscal 2022, the research and development expenses of Dell Technologies Inc increased to $2,577 million, compared to $2,455 million in fiscal 2021.
Dell technologies spent $2,454 million on research and development in fiscal 2020 compared to $4,604 million in 2019.
Research and development (R&D) expenses of Dell technologies increased to $4.6 billion in 2019 from $4.4 billion in 2018.
About Dell Technologies:
Dell Technologies is a leading technology brand that offers a comprehensive range of IT hardware, software, and services solutions. Apart from a wide range of laptops and desktops, the company also offers multi-cloud and big data solutions. The company has divided its business into three segments, including the Infrastructure solutions group, Client Solutions group, and VMWare.
The company has its headquarters in Round Rock, Texas, United States. The net revenue of Dell Technologies grew to $92.2 billion in 2020 compared to $90.6 billion in 2019. Its gross margin for fiscal 2020 was $28.9 billion compared to $25 billion in 2019. Dell Technologies’ net income in fiscal 2020 grew to $5529 million compared to a net loss of $2.2 billion in 2019.