SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C. 20549

                                   FORM 10-Q


                 QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934




For Quarter Ended                 May 2, 1998
Commission File Number               0-3319

                          DEL GLOBAL TECHNOLOGIES CORP.
                          -----------------------------
             (Exact name of registrant as specified in its charter)


        New York                                         13-1784308
        --------                                         ----------
(State or other jurisdiction of                       (I.R.S. Employer
incorporation or organization)                       Identification No.)

                      One Commerce Park, Valhalla, NY 10595
                      -------------------------------------
                    (Address of principal executive offices)
                                   (Zip Code)

                                 (914) 686-3600
                                 --------------
               (Registrant's telephone number including area code)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

Yes   X                No

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the close of the business on June 12, 1998.

                            Common Stock - 7,602,802




<PAGE>





                                     PART I


Item 1.  FINANCIAL STATEMENTS

              Consolidated Balance Sheets - May 2, 1998 and August 2, 1997

              Consolidated  Statements  of Income for the Three  Months and Nine
              Months ended May 2, 1998 and May 3, 1997

              Consolidated  Statements  of Cash Flows for the Nine Months  ended
              May 2, 1998 and May 3, 1997

              Notes to Consolidated Financial Statements


                                       -1-

<PAGE>



                 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)

                                     ASSETS
                                                          May 2,       August 2,
                                                           1998          1997
                                                       -----------   -----------

CURRENT ASSETS
        Cash and cash equivalents                      $ 5,942,419   $ 6,070,608
        Investments available-for-sale                     883,103       722,566
        Trade receivables - net                         13,047,854    11,211,357
        Cost and estimated earnings
             in excess of billings on
             uncompleted contracts                       2,886,233     1,868,002
        Inventory                                       27,344,733    24,681,348
        Prepaid expenses and other
             current assets                              2,360,024     1,808,762
                                                       -----------   -----------
             Total current assets                       52,464,366    46,362,643
                                                       -----------   -----------

FIXED ASSETS - Net                                      11,936,275    11,159,010
INTANGIBLES - Net                                          984,330     1,112,991
GOODWILL - Net                                           4,772,291     4,135,409
DEFERRED CHARGES                                           418,052       507,933
OTHER ASSETS                                               863,695       851,824
                                                       -----------   -----------
        TOTAL                                          $71,439,009   $64,129,810
                                                       ===========   ===========

                      LIABILITIES AND SHAREHOLDERS' EQUITY


CURRENT LIABILITIES
        Current portion of long-term debt              $   123,977   $   127,999
        Accounts payable - trade                         5,513,939     3,936,529
        Accrued liabilities                              4,684,655     3,699,188
        Deferred compensation liability                    859,076       722,566
        Income taxes                                       705,045       868,949
                                                       -----------   -----------
             Total current liabilities                  11,886,692     9,355,231
                                                       -----------   -----------

LONG-TERM LIABILITIES
        LONG-TERM DEBT (less current
             portion included above)                       267,877       411,127
        OTHER                                              731,237       725,258
        DEFERRED INCOME TAXES                            1,290,122     1,107,964
                                                       -----------   -----------
             Total liabilities                          14,175,928    11,599,580
                                                       -----------   -----------

SHAREHOLDERS' EQUITY
        Common stock, $.10 par value;
                   Authorized 20,000,000
                   shares; Issued and
                   outstanding - 7,832,412
                   shares at May 2, 1998
                   and 7,516,234 shares at
                   August 2, 1997                          783,240       751,622
        Additional paid-in capital                      47,977,393    45,909,517
        Retained earnings                               10,636,527     6,572,318
                                                       -----------   -----------
                                                        59,397,160    53,233,457
                                                       -----------   -----------
        Less common stock in treasury -
                   244,155 shares at May 2, 1998
                   and 104,255 at August 2, 1997         2,134,079       703,227
                                                       -----------   -----------
                   Total shareholders' equity           57,263,081    52,530,230
                                                       -----------   -----------
        TOTAL                                          $71,439,009   $64,129,810
                                                       ===========   ===========

   See notes to consolidated financial statements


                                       -2-

<PAGE>


                 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES

                        CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)

<TABLE>
<CAPTION>
                                          Three Months Ended              Nine Months Ended
                                     ----------------------------    ----------------------------
                                        May 2,           May 3,          May 2,         May 3,
                                         1998            1997             1998           1997
                                     ------------    ------------    ------------    ------------


<S>                                  <C>             <C>             <C>             <C>         
NET SALES                            $ 16,682,726    $ 14,317,165    $ 44,565,977    $ 39,320,420
                                     ------------    ------------    ------------    ------------
COSTS AND EXPENSES:
     Cost of sales                      9,995,579       8,944,620      26,546,139      24,009,457
     Research and development           1,548,915       1,190,800       4,249,161       3,383,239
     Selling, general and
          administrative                3,019,143       2,365,075       7,897,980       7,124,822
     Interest income - net                 (5,530)        (30,355)       (104,080)        (77,651)
                                     ------------    ------------    ------------    ------------
                                       14,558,107      12,470,140      38,589,200      34,439,867
                                     ------------    ------------    ------------    ------------
INCOME BEFORE PROVISION
FOR INCOME TAXES                        2,124,619       1,847,025       5,976,777       4,880,553

PROVISION FOR INCOME TAXES                679,878         563,343       1,912,569       1,488,569
                                     ------------    ------------    ------------    ------------
NET INCOME                           $  1,444,741    $  1,283,682    $  4,064,208    $  3,391,984
                                     ============    ============    ============    ============
Per share amounts:
     Basic earnings per share        $        .19    $        .17    $        .54    $        .46
                                     ============    ============    ============    ============
     Diluted earnings per share      $        .18    $        .16    $        .50    $        .42
                                     ============    ============    ============    ============
Weighted average number of
      common shares outstanding         7,541,988       7,402,899       7,484,513       7,400,921
                                     ============    ============    ============    ============
Weighted average number of
      common shares outstanding
      and common share equivalents      8,228,828       8,067,904       8,191,038       8,070,042
                                     ============    ============    ============    ============
</TABLE>


See notes to consolidated financial statements


                                       -3-

<PAGE>



                 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                          Nine Months Ended
                                                     --------------------------
                                                        May 2,         May 3,
                                                         1998           1997
                                                     -----------    -----------

CASH FLOWS FROM OPERATING ACTIVITIES:
      Net Income                                     $ 4,064,208    $ 3,391,984
      Adjustments to reconcile net income
        to net cash provided by operating
        activities:
           Imputed interest                               62,751         51,045
           Depreciation                                1,026,803        722,227
           Amortization                                  405,290        390,621
           Deferred income tax provision                 115,602        195,337
           Tax benefit from exercise of
               stock options and warrants                780,959        277,955
        Changes in assets and liabilities:
           Increase in trade receivables              (1,836,497)      (634,698)
           Increase in cost and estimated
               earnings in excess of billings
               on uncompleted contracts               (1,018,231)    (1,301,173)
           Increase in inventory                      (2,530,225)    (1,264,248)
           Increase in prepaid and other
               current assets                           (530,755)      (383,702)
           Decrease (increase) in other assets             1,285         (6,124)
           Increase in accounts payable - trade        1,577,410        970,824
           Increase (decrease) in accrued
               liabilities                               890,941       (549,418)
           Increase in deferred compensation
               liability                                 136,510        126,106
           
           Decrease in income taxes payable             (163,904)       (38,417)
                                                     -----------    -----------
         Net cash provided by operating
           activities excluding acquisition            2,982,147      1,948,319
                                                     -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
           Expenditures for fixed assets              (1,731,275)    (1,760,338)
           Investment in marketable securities          (160,537)      (170,364)
           Cash paid to acquire selected assets 
               or subsidiary                            (899,926)       (15,000)
           Payments to former shareholders of
                 subsidiary acquired                     (56,772)       (41,775)
                                                     -----------    -----------
         Net cash used in investing activities        (2,848,510)    (1,987,477)
                                                     -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
           Net repayment of bank borrowing              (147,272)       (38,927)
           Payment for repurchase of shares           (1,430,852)      (178,950)
           Proceeds from exercise of stock options
              and warrants                             1,275,801        175,338
           Other                                          40,497         21,666
                                                     -----------    -----------
         Net cash used in financing activities          (261,826)       (20,873)
                                                     -----------    -----------

                                                                     (Continued)

See notes to consolidated financial statements

                                       -4-

<PAGE>


                 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (Unaudited)

                                                          Nine Months Ended
                                                     --------------------------
                                                        May 2,         May 3,
                                                         1998           1997
                                                     -----------    -----------


NET DECREASE IN CASH AND CASH EQUIVALENTS            $  (128,189)   $   (60,031)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD         6,070,608      5,817,800
                                                     -----------    -----------
CASH AND CASH EQUIVALENTS, END OF PERIOD             $ 5,942,419    $ 5,757,769
                                                     ===========    ===========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW
             INFORMATION:

             Interest paid                           $    62,923    $    36,109
                                                     ===========    ===========
             Income taxes paid                       $ 1,166,967    $ 1,091,188
                                                     ===========    ===========

SUPPLEMENTAL SCHEDULE OF INVESTING AND
         FINANCING ACTIVITIES:

         Acquisition of subsidiary                   $      --      $    15,000

         Acquisition of selected assets                  994,455           --

         Acquisition costs in accrued expenses           (94,529)          --
                                                     -----------    -----------
         Cash paid to acquire selected assets
           or subsidiary                             $   899,926    $    15,000
                                                     ===========    ===========








See notes to consolidated financial statements

                                      -5-


<PAGE>



                 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  (Unaudited)

NOTE 1      In  the  opinion  of  the  Company's  management,  the  accompanying
            unaudited  consolidated financial statements contain all adjustments
            (consisting  of only  normal  recurring  adjustments)  necessary  to
            present fairly the results of the Company's financial position as of
            May 2, 1998 and the results of its operations and its cash flows for
            the nine months ended May 2, 1998 and May 3, 1997, respectively.

            The  accounting  policies  followed  by the Company are set forth in
            Note 1 to the Company's  financial  statements as of August 2, 1997,
            except as stated below.

            The Company adopted Statement of Financial  Accounting  Standard 128
            ("SFAS 128"),  "Earnings Per Share"  effective  August 3, 1997.  The
            effect of the  adoption of SFAS 128 on the three months ended May 3,
            1997  was to  decrease  the  weighted  average  common  shares  from
            8,467,700  to  7,402,899  and  the  common  share  equivalents  from
            8,400,984  to  8,067,904.  The effect of the  adoption  for the nine
            months ended May 3, 1997 was to decrease the weighted average common
            shares from 8,504,848 to 7,400,921 and the common share  equivalents
            from  8,507,759 to 8,070,042.  Diluted  earnings per share were $.16
            and $.42 as compared to fully diluted earnings per share of $.15 and
            $.40 for the  three  and  nine  month  periods  ended  May 3,  1997,
            respectively.

            The consolidated  financial statements should be read in conjunction
            with the notes to the financial statements as of August 2, 1997.

NOTE 2      The results of operations for the three and nine month periods ended
            May 2, 1998 are not  necessarily  indicative  of the  results  to be
            expected for the full year.

NOTE 3      INVESTMENTS

            Investments  available-for-sale  at May 2,  1998 and  August 2, 1997
            include  $827,163  and  $722,566,  respectively,  for the  Company's
            President's  deferred  compensation,  pursuant  to the  terms of his
            employment  contract.  The  liabilities  of $859,076  and  $722,566,
            respectively,  are recorded as deferred compensation liability.  The
            difference of $31,913 between investments available-for-sale and the
            deferred compensation  liability were cash assets at May 2, 1998 and
            were  classified  as such in the  financial  statements.  Gains  and
            losses,  either  recognized or  unrealized,  inure to the benefit or
            detriment of the  President's  deferred  compensation,  based upon a
            contractual  arrangement  between the President and the Company.  At
            May 2,  1998,  the  balance  of  investments  available-for-sale  of
            $55,940  are  equity  securities  held  by the  Company  for its own
            account.   Realized  and  unrealized   gains  and  losses  on  these
            securities  for the period  ended May 2, 1998 were not  material and
            are recorded in the financial statements.

NOTE 4      PERCENTAGE OF COMPLETION ACCOUNTING
                                                                     Nine Months
                                                                        Ended
                                           May 2,       August 2,       May 2,
                                            1998          1997           1998
                                        ----------     ----------     ----------
            Costs incurred on 
              uncompleted contracts     $5,612,951     $3,086,020     $2,526,931

            Estimated earnings           3,453,381      1,578,126      1,875,255
                                        ----------     ----------     ----------
                                         9,066,332      4,664,146      4,402,186
            Less:  Billings to date      6,180,099      2,796,144      3,383,955
                                        ----------     ----------     ----------

            Costs and estimated
              earnings in excess of
              billings on uncompleted
              contracts                 $2,886,233     $1,868,002     $1,018,231
                                        ==========     ==========     ==========

                                      -6-
<PAGE>


            The backlog of unshipped  contracts  being  accounted  for under the
            percentage of  completion  method of  accounting  was  approximately
            $5,421,000 at May 2, 1998.

NOTE 5      INVENTORY

            Inventory  is stated  at a lower of cost  (first-in,  first-out)  or
            market.

            Inventories  and their  effect on cost of sales  are  determined  by
            physical  count for annual  reporting  purposes and are estimated by
            management for interim reporting purposes.

            Inventory consists of the following:             
                                                      May 2,           August 2,
                                                       1998              1997
                                                   -----------       -----------

            Finished goods                         $ 4,276,363       $ 3,859,842
            Work-in-process                         10,825,167         9,770,789
            Raw material and purchased parts        12,243,203        11,050,717
                                                   -----------       -----------
            Total                                  $27,344,733       $24,681,348
                                                   ===========       ===========


NOTE 6      FIXED ASSETS

            Fixed assets consist of the following:
                                                      May 2,           August 2,
                                                       1998              1997
                                                   -----------       -----------

            Land                                   $   694,046       $   694,046
            Building                                 2,146,025         2,146,025
            Machinery and equipment                 12,443,767        10,865,897
            Furniture and fixtures                   1,459,339         1,280,216
            Leasehold improvements                   1,276,067         1,228,992
            Transportation equipment                    30,103            30,103
                                                   -----------       -----------
                                                    18,049,347        16,245,279

            Less accumulated depreciation and
              amortization                           6,113,072         5,086,269
                                                   -----------       -----------

            Net fixed assets                       $11,936,275       $11,159,010
                                                   ===========       ===========


NOTE 7      ACQUISITION

            On March 6, 1998 the  Company's  Gendex-Del  Medical  Imaging  Corp.
            subsidiary  acquired  selected assets of X-Ray  Technologies,  Inc.,
            consisting  principally  of inventory,  fixed assets and designs and
            technology  for  approximately   $995,000.  The  newly  formed  XTek
            division is a manufacturer of cost-effective medical imaging systems
            for physicians, chiropractors and veterinarians.

                                       -7-

<PAGE>



Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
         AND RESULTS OF OPERATIONS

This  Management  Discussion and Analysis of Financial  Condition and Results of
Operations contains forward looking statements.  Such statements involve various
risks that may cause actual results to differ  materially.  These risks include,
but are not  limited to, the  ability of the  Company to grow  internally  or by
acquisition  and  to  integrate  acquired   businesses,   changing  industry  or
competitive   conditions,   and  other  risks   referred  to  in  the  Company's
registration  statements  and periodic  reports  filed with the  Securities  and
Exchange Commission.

OVERVIEW

                 The  Company's  net sales  have  increased  as a result of both
internal growth and acquisitions. The Company has completed four acquisitions in
the past five years:  Dynarad (a designer and  manufacturer  of medical  imaging
systems and critical  electronic  subsystems) in fiscal 1993; Bertan (a designer
and  manufacturer  of precision high voltage power supplies and  instrumentation
for  medical  and  industrial   applications)  in  fiscal  1994;  Gendex-Del  (a
manufacturer of medical imaging systems) in fiscal 1996; and X-ray Technologies,
Inc (a manufacturer  of medical  imaging  systems) in fiscal 1998. The Company's
net sales have  increased  from  approximately  $18.9  million in fiscal 1992 to
approximately  $54.7 million in fiscal 1997, a compounded  annual growth rate of
23.6%.

                 During the past five years the Company has grown internally and
through  acquisitions into a company whose  predominant  business is serving the
medical imaging and diagnostic markets.  The Company's net sales attributable to
medical imaging products have increased from approximately $3.4 million or 17.7%
of total net sales in fiscal 1992 to approximately $25.7 million or 59% of total
net sales and approximately  $35.6 million or 65.1% of total net sales in fiscal
years 1996 and 1997, respectively.

                 Management  believes that recent cost containment trends in the
healthcare  industry have created  opportunities for its cost-effective  medical
imaging products in domestic and international markets. Some of these trends are
increased  demand for lower cost medical  equipment,  outsourcing of systems and
critical  electronic  subsystems  by leading  Original  Equipment  Manufacturers
("OEMs"),  increased  demand for certain  diagnostic  procedures  and lower cost
medical services in the global marketplace.

RESULTS OF OPERATIONS

                 Net  sales  for  the  three  months  ended  May  2,  1998  were
approximately  $16.7 million as compared to approximately  $14.3 million for the
three  months  ended May 3, 1997,  an increase of 16.5%.  Net sales for the nine
months  ended  May 2, 1998 were  approximately  $44.6  million  as  compared  to
approximately  $39.3  million for the nine months ended May 3, 1997, an increase
of 13.3%.  These  increases are  primarily due to internal  growth from existing
operations.

                 Cost of sales,  as a  percentage  of net  sales,  for the three
months ended May 2, 1998 was 59.9% compared to 62.5% for the prior corresponding
period.  Cost of sales, as a percentage of net sales,  for the nine months ended
May 2, 1998 was 59.6%  compared  to 61.1%  for the prior  corresponding  period.
These improvements in gross margins are due to reduced  manufacturing costs from
efficiencies implemented in existing operations.

                 Research and development  expenses  increased to  approximately
$1.5  million for the three  months  ended May 2, 1998 from  approximately  $1.2
million for the three months ended May 3, 1997, an increase of 30%. Research and
development expenses increased to approximately $4.2 million for the nine months
ended May 2, 1998 from  approximately $3.4 million for the nine months ended May
3, 1997, an increase of 25.6%. These increases were primarily due to new product
development.  The Company  continues  to invest in research and  development  in
order to introduce new state-of-the- art products for its medical and industrial
markets.

                                      -8-
<PAGE>



                 Selling, general and administrative expenses were approximately
$3,019,000,  or 18.1% of net sales,  for the three  months  ended May 2, 1998 as
compared to approximately $2,365,000, or 16.5% of net sales, for the same period
in the prior year,  an increase of 27.7%.  Selling,  general and  administrative
expenses  increased to approximately  $7,898,000,  or 17.7% of net sales for the
nine months  ended May 2, 1998 from  approximately  $7,125,000,  or 18.1% of net
sales over the  corresponding  period in the prior  year,  an increase of 10.9%.
These increases were due to higher  marketing costs,  higher investor  relations
costs and an increase in the allowance for doubtful accounts receivable.

                 Net  interest  income  was  approximately  $5,500 for the three
months  ended  May  2,  1998  as  compared  to  approximately  $30,000  for  the
corresponding period in the prior year, a decrease of 81.8%. This change was due
principally  to bank  commitment  fees on the  unused  portion  of credit  lines
charged during the quarter.  Net interest income was approximately  $104,000 for
the nine months ended May 2, 1998 as compared to  approximately  $78,000 for the
nine months ended May 3, 1997, an increase of 34%.

                 Income  tax  expense  was 32% of  pre-tax  income for the three
months and nine months ended May 2, 1998. The decrease from  statutory  rates is
primarily  due  to  sales  being  made  through  the  Company's   Foreign  Sales
Corporation, research and development and other tax credits.

                 Net income  increased  to  approximately  $1.4  million for the
three  months  ended May 2,  1998,  an  increase  of  approximately  12.5%  from
approximately  $1.3 million for the prior  corresponding  period. Net income per
common share for the three months ended May 2, 1998  increased to $.19 from $.17
for the three  months  ended May 3, 1997,  an increase of 11.8%.  Net income per
common share and common share  equivalents  rose to $.18 from $.16 for the three
months  ended May 2, 1998 and May 3, 1997,  respectively,  an increase of 12.5%.
The  number of common  shares  outstanding  at May 2,  1998  were  7,541,988  as
compared to  7,402,899  at May 3, 1997.  The number of common  shares and common
share equivalents at May 2, 1998 increased to 8,228,828 from 8,067,904 at May 3,
1997.  Net income  increased to  approximately  $4.1 million for the nine months
ended May 2, 1998, an increase of 19.8% from  approximately $3.4 million for the
prior  corresponding  period.  Net income per common  share for the nine  months
ended May 2, 1998  increased  to $.54 from $.46 for the nine months ended May 3,
1997,  an  increase  of 17.4%.  Net  income per  common  share and common  share
equivalents rose to $.50 from $.42 for the nine months ended May 2, 1998 and May
3,  1997,  respectively,  an  increase  of 19%.  The  number  of  common  shares
outstanding  at May 2, 1998 were  7,484,513  as compared to  7,400,921 at May 3,
1997.  The number of common shares and common share  equivalents  at May 2, 1998
increased to 8,191,038 from 8,070,042 at May 3, 1997. The increase in net income
for the three and nine month periods ended May 2, 1998 is due to internal growth
and improved gross margins.

                 The   backlog   of   unshipped   orders  at  May  2,  1998  was
approximately $34.5 million.

LIQUIDITY AND CAPITAL RESOURCES

                 The Company has funded its operations and acquisitions  through
a combination of cash flow from  operations,  bank borrowing and the issuance of
the Company's common stock.

                 Working  Capital.  At May 2,  1998  and  August  2,  1997,  the
Company's  working  capital was  approximately  $40.6 million and $37.0 million,
respectively.  At such dates the Company had approximately $5.9 million and $6.1
million,  respectively,  in cash and cash equivalents.  The Company  anticipates
that cash generated from operations and amounts available under its bank lending
facilities will be sufficient to satisfy its current operating cash needs.

                 Trade receivables at May 2, 1998 increased  approximately  $1.8
million as compared to August 2, 1997  primarily due to increased  sales levels,
principally of medical imaging products.

                                      -9-

<PAGE>



                 Cost  and   estimated   earnings   in  excess  of  billings  on
uncompleted  contracts  increased to  approximately  $2.9 million at May 2, 1998
from  approximately  $1.9  million  at August 2, 1997 due to new  contracts  and
additional work performed in the nine month period on long term contracts, which
are accounted for under the percentage of completion method of accounting.

                 Inventory at May 2, 1998 increased  approximately  $2.7 million
as  compared  to August 2,  1997,  primarily  because of  additional  production
requirements of new OEM contracts which commenced in the third quarter of fiscal
1998,  the inclusion of XTek  inventory and to support  higher levels of medical
imaging systems sales.

                 Prepaid   expenses   and   other   current   assets   increased
approximately  $551,000 at May 2, 1998 from August 2, 1997 primarily  because of
higher levels of prepaid insurance, trade show deposits,  printing and catalogue
costs.

                 Trade accounts payable increased  approximately $1.6 million at
May 2, 1998 from August 2, 1997,  primarily  because of the increased  inventory
requirements  of new OEM contracts and to support  higher levels of shipments of
medical imaging products.

                 Accrued liabilities increased  approximately $985,000 at May 2,
1998 from August 2, 1997, because of the accrual of the annual general liability
insurance  renewal,  funds due for unsettled stock  transactions under the stock
"Buy- back" program,  accrued legal fees associated with the X-ray Technologies,
Inc.  asset  acquisition  and accrued  compensation  cost related to a change in
accounting  required by the adoption of SFAS 123,  "Accounting  for  Stock-Based
Compensation," for non-employee stock options and warrants.

                 Credit Facility and Borrowing.  At May 2, 1998, the Company had
a $14 million revolving credit line and a $10 million  acquisition  credit line.
The available  portions of the revolving credit line and the acquisition  credit
line were approximately  $13.8 and $9.5 million,  respectively,  after deducting
outstanding letters of credit of approximately $200,000.

                 Capital  Expenditures.  The  Company  continues  to  invest  in
capital  equipment,  principally for its manufacturing  operations and inventory
management  systems,  in order to improve its  manufacturing  capability  and to
increase  capacity and inventory turns.  The Company has expended  approximately
$1.7 million for capital equipment for the nine month period ended May 2, 1998.

                 Shareholders'   Equity.   Shareholders'   equity  increased  to
approximately  $57.3 million at May 2, 1998 from approximately  $52.5 million at
August 2, 1997, primarily due to the results of operations. Additionally, during
the period 310,992 stock options and warrants were  exercised,  with proceeds of
approximately  $1.3 million and 139,900 shares of common stock were  repurchased
at a cost of  approximately  $1.4 million.  Under its extended stock  "Buy-back"
program  since April,  1997 the Company has  repurchased  176,900  shares of its
common stock for $1,750,737 at prices ranging from $7.88 to $12.25.  The average
repurchase price was $9.90.

Year 2000 Compliance

                 The  Company  relies  on  computer  technology  throughout  its
business to effectively carry out its day-to-day  operations.  As the millennium
approaches,  the Company is assessing all of its computer systems to ensure that
they are "Year  2000"  compliant.  In this  process  the  Company may replace or
upgrade  certain  systems which are not Year 2000 compliant in order to meet its
internal  needs and those of its  customers.  The Company  expects its Year 2000
project to be completed on a timely  basis.  However,  there can be no assurance
that the systems of other  companies  on which the Company may rely will also be
timely  converted or that such failure to convert by other  companies  would not
have an adverse effect on the Company's systems. The cost to the Company of such
changes  are  difficult  to  estimate  but are not  expected  to have a material
financial impact.

                                      -10-

<PAGE>



Effects of New Accounting Pronouncements

                 Earnings Per Share. The Company adopted  Statement of Financial
Accounting  Standard 128 ("SFAS 128"),  "Earnings Per Share" effective August 3,
1997.  The effect of the  adoption of SFAS 128 on the three  months ended May 3,
1997 was to decrease  the  weighted  average  common  shares from  8,467,700  to
7,402,899 and the common share  equivalents  from  8,400,984 to  8,067,904.  The
effect of the adoption for the nine months ended May 3, 1997 was to decrease the
weighted  average common shares from 8,504,848 to 7,400,921 and the common share
equivalents  from 8,507,759 to 8,070,042.  Diluted  earnings per share were $.16
and $.42 as compared to fully  diluted  earnings  per share of $.15 and $.40 for
the three and nine month periods ended May 3, 1997, respectively.

                 Disclosures   About  Segments  of  an  Enterprise  and  Related
Information. In June 1997, the FASB issued SFAS 131, "Disclosures About Segments
of an Enterprise  and Related  Information."  SFAS 131 requires the reporting of
profit and loss,  specific  revenue and expense items, and assets for reportable
segments.  It also requires the reconciliation of total segment revenues,  total
segment profit and loss,  total segment  assets and other amounts  disclosed for
segments  to  the  corresponding   amounts  in  the  general  purpose  financial
statements.  This  statement is effective  for financial  statements  issued for
periods  beginning  after  December 15, 1997. The Company has not yet determined
what  additional  disclosures  may be required in connection  with adopting SFAS
131.







                                      -11-

<PAGE>



                                     PART II

Item 1.        Legal Proceedings

                        None

Item 2.        Changes in Securities

                        None

Item 3.        Defaults on Senior Securities

                        None

Item 4.        Submission to a Vote of Security Holders

                        None

Item 5.        Other Information

                         None

Item 6.        Exhibits and Reports on Form 8-K

               (a)       Exhibits:  Exhibit 11 -  Computation  of  Earnings  per
                                    Common Share
                                    Exhibit 27 - Financial Data Schedule

               (b)      Report on Form 8-K:  None


























                                      -12-

<PAGE>



                                   SIGNATURES


        Pursuant to the requirements of the Securities and Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned, thereunto duly authorized.










                                             DEL GLOBAL TECHNOLOGIES CORP.




                                              /S/LEONARD A. TRUGMAN
                                              ---------------------
                                              Leonard A. Trugman
                                              Chairman of the Board,
                                              Chief Executive Officer
                                              and President




                                              /S/MICHAEL H. TABER
                                              -------------------
                                              Michael H. Taber
                                              Vice President - Finance,
                                              Secretary and Chief
                                              Accounting Officer



Dated:  June 15, 1998




                                      -13-