What caused Dell's operating expenses to drop in Q4 2025?

Dell's operating expenses decreased in Q4 2025 due to several strategic measures the company implemented to control costs and improve efficiency:

1. **Cost Controls**: Dell continued to implement cost controls, which included measures such as limiting travel and reducing outside services spend. These measures helped the company reduce its operating expenses.
2. **Reduced Outside Services Spend**: By reducing outside services spend, Dell was able to lower its operating expenses. This strategy likely involved minimizing the use of third-party services and focusing on internal capabilities to complete tasks and projects.

These cost-saving measures, along with a 4% reduction in operational expenses over the year, allowed Dell to maintain profitability and achieve record EPS of $8.14, up 10% year-over-year.