| Stage | DELL | % of rev | SMCI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $47.0B | 100.00% | $11.1B | 100.00% | DELL ×4.22 |
| Gross profit | $9.8B | 20.93% | $1.9B | 17.47% | DELL +3.5pp |
| Operating income | $5.4B | 11.46% | $1.5B | 13.38% | SMCI +1.9pp |
| Pre-tax income | $5.1B | 10.92% | $1.5B | 13.22% | SMCI +2.3pp |
| Net income | $4.1B | 8.80% | $1.2B | 10.60% | SMCI +1.8pp |
| Stage | DELL | SMCI | Gap · A − B |
|---|---|---|---|
| Revenue | $47.0B100.00% | $11.1B100.00% | DELL ×4.22 |
| Gross profit | 20.93%$9.8B | 17.47%$1.9B | DELL +3.5pp |
| Operating income | 11.46%$5.4B | 13.38%$1.5B | SMCI +1.9pp |
| Pre-tax income | 10.92%$5.1B | 13.22%$1.5B | SMCI +2.3pp |
| Net income |
| 8.80%$4.1B |
| 10.60%$1.2B |
| SMCI +1.8pp |
DELL · NTNX 10-KSep 24 '25
“Our software can run on qualified hardware from Cisco Systems, Inc. ("Cisco"), Dell Technologies ("Dell"), Fujitsu Technology Solutions GmbH ("Fujitsu"), Hewlett Packard Enterprise ("HPE"), and Lenovo Group Ltd. ("Lenovo"), as part of Cisco Compute Hyperconverged with Nutanix, Dell XC, Fujitsu XF, HPE DX, and Lenovo Converged HX, respectively.”
SMCI · NTNX 10-KSep 18 '26
“The Nutanix-branded NX series hardware platforms are manufactured by Super Micro Computer, Inc. ("Supermicro").”
DELL · INGM 10-KMar 3 '26
“Our vendors include many of the largest tech companies, including Advanced Micro Devices, Apple, Amazon Web Services (AWS), Cisco, Dell Technologies, Hewlett Packard Enterprise, HP Inc., Lenovo, Microsoft, NVIDIA and Super Micro Computer.”
SMCI · INGM 10-KMar 3 '26
“Our vendors include many of the largest tech companies, including Advanced Micro Devices, Apple, Amazon Web Services (AWS), Cisco, Dell Technologies, Hewlett Packard Enterprise, HP Inc., Lenovo, Microsoft, NVIDIA and Super Micro Computer.”