DELL · Forward model · Corporate and other
What has to happen in Corporate and other
Model as of
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Corporate and other
Basis quarter$224M
Final quarter$87M
Implied CAGR−17%
Final revenue mix0%
A runoff line, not a business: VMware resale plus divested and non-reportable offerings that Dell no longer actively sells. It has declined in every single quarter of the disclosed history, from $1,050M to $224M in nine quarters, and it is carried here only so the vertical total reconciles exactly to reported consolidated revenue.
Last four quarters
2026 Q2
$473M
Reported
2026 Q3
$420M
Reported
2026 Q4
$283M
Reported
2027 Q1
$224M
Reported
VMware resaleDivested and non-reportable offerings (Secureworks and Virtustream legacy)
Sequential growth
−8.0%/qtr
decaying toward −3.0%
Nine consecutive quarters of decline averaging about 18% sequentially; -8% is a deliberately gentle runoff.
Corporate and other
Latest: $87M (2032Q1E)
| Period | Value |
|---|---|
| 2025Q1 | $1.05B |
| 2025Q2 | $966M |
| 2025Q3 | $867M |
| 2025Q4 | $698M |
| 2026Q1 | $552M |
| 2026Q2 | $473M |
| 2026Q3 | $420M |
| 2026Q4 | $283M |
| 2027Q1 | $224M |
| 2027Q2E | $206M |
| 2027Q3E | $191M |
| 2027Q4E | $179M |
| 2028Q1E | $168M |
| 2028Q2E | $158M |
| 2028Q3E | $150M |
| 2028Q4E | $143M |
| 2029Q1E | $136M |
| 2029Q2E | $130M |
| 2029Q3E | $125M |
| 2029Q4E | $120M |
| 2030Q1E | $115M |
| 2030Q2E | $111M |
| 2030Q3E | $107M |
| 2030Q4E | $103M |
| 2031Q1E | $100M |
| 2031Q2E | $96M |
| 2031Q3E | $93M |
| 2031Q4E | $90M |
| 2032Q1E | $87M |
Assumptions & reasoning
- Its only job in this model is reconciliation: reportable segment revenue of $43,618M plus $224M equals the $43,842M consolidated revenue Dell reported. Drop it and the six lines no longer tie to the income statement.
- Corporate and other operating income was $10M on $224M of revenue in the basis quarter, so the line is close to margin-neutral and far too small for its margin assumption to change any answer on this page.
- The runoff is modelled at 8% sequential decline against an actual nine-quarter average of roughly 18%. That is deliberately gentle: driving the line to zero inside the horizon would flatter consolidated growth rather than describe it.