DELL TECHNOLOGIES INC.
Reconciliation of Selected Non-GAAP Financial Measures
(in millions, except percentages and per share amounts; unaudited; continued)

For the Three Months Ended May 5, 2023

GAAP

Amortization
of intangibles

Impact of
purchase
accounting

Transaction-
related
expenses

Stock-based
compensation
expense

Other
corporate
expenses

Fair value
adjustments
on equity
investments

Aggregate
adjustment
for income
taxes

Aggregate
adjustment
for non-
controlling
interests

Non-
GAAP

Net income attributable to Dell Technologies
Inc. - basic

$      583

199

4

(1)

225

99

15

(156)

(2)

$       966

Earnings per share - basic

$     0.81

$      1.33

Earnings per share - diluted

$     0.79

$      1.31

Weighted-average shares outstanding - basic

724

724

Weighted-average shares outstanding - diluted

737

737