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

Three Months Ended

April 29, 2022

April 30, 2021

Change

Earnings per share from continuing operations attributable to Dell Technologies Inc.  

   Net income from continuing operations attributable to Dell Technologies Inc. — basic

$          1,072

$             660

   Weighted-average shares outstanding — basic

754

757

Earnings per share attributable to Dell Technologies Inc. — basic

$            1.42

$            0.87

63%

Net income from continuing operations attributable to Dell Technologies Inc. — diluted

$          1,072

$             660

   Weighted-average shares outstanding — diluted

780

782

Earnings per share attributable to Dell Technologies Inc. — diluted:

$            1.37

$            0.84

63%

Earnings per share from discontinued operations attributable to Dell Technologies Inc.

   Net income from discontinued operations attributable to Dell Technologies Inc. — basic

$                —

$             227

     Weighted-average shares outstanding — basic

—

757

Earnings per share attributable to Dell Technologies Inc. — basic

$                —

$            0.30

NM

     Incremental dilution from VMware, Inc. attributable to Dell Technologies

—

(2)

Net income from discontinued operations attributable to Dell Technologies Inc. — diluted

$                —

$             225

     Weighted-average shares outstanding — diluted

—

782

Earnings per share attributable to Dell Technologies Inc. — diluted

$                —

$            0.29

NM

Non-GAAP earnings per share attributable to Dell Technologies Inc.

   Non-GAAP net income attributable to Dell Technologies Inc. — basic

$          1,435

$          1,055

     Weighted-average shares outstanding — basic

754

757

   Earnings per share attributable to Dell Technologies Inc. — basic

$            1.90

$            1.39

37%

   Non-GAAP net income attributable to Dell Technologies Inc. — diluted

$          1,435

$          1,055

     Weighted-average shares outstanding — diluted

780

782

   Earnings per share attributable to Dell Technologies Inc. — diluted

$            1.84

$            1.35

36%

Amounts may not visually recalculate due to rounding.