Dell Technologies Inc. (DELL) vs Walmart Inc. (WMT)

Dell Technologies Inc. is a diversified information technology company that primarily provides hardware solutions to enterprise customers. The company focuses on premium and commercial PCs, along with on-premises data center infrastructure for businesses. Dell maintains top-three market positions in its key segments, including personal computers, display peripherals, mainstream servers, and external storage. It benefits from a strong network of component suppliers and assembly partners, while also relying extensively on channel partners to support product sales and distribution.

Founded in 1962, Walmart Inc. has grown into the world’s largest retailer, operating more than 10,700 stores worldwide, including about 4,600 Walmart locations in the United States and roughly 600 Sam’s Club warehouses, while continuing to expand its e-commerce business. The company serves around 270 million customers each week and generated over $680 billion in fiscal 2025 revenue. Walmart’s operations are organized into three reporting segments: Walmart U.S., which accounted for 68% of fiscal 2025 sales, Walmart International at 18%, and Sam’s Club at 14%. In the U.S., nearly 60% of Walmart’s $465 billion in fiscal 2025 revenue came from grocery sales, with about one-quarter generated by general merchandise. Internationally, the company’s business is primarily concentrated in Mexico, with additional emerging exposure to India.