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            November  1, 1997
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 December 11, 1997.

                            Common Stock - 7,471,463




<PAGE>

                                     PART I


Item 1.  Financial Statements

              Consolidated Balance Sheets - November 1, 1997 and August 2, 1997

              Consolidated  Statements  of  Income  for the Three  Months  ended
              November 1, 1997 and November 2, 1996

              Consolidated  Statements  of Cash Flows for the Three Months ended
              November 1, 1997 and November 2, 1996

              Notes to Consolidated Financial Statements

                                      -1-

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

                                     ASSETS
                                                       November 1,    August  2,
                                                          1997          1997
                                                       -----------   -----------
CURRENT ASSETS
         Cash and cash equivalents                     $ 6,444,734   $ 6,070,608
         Investments available-for-sale                    959,457       722,566
         Trade receivables - net                        12,113,684    11,211,357
         Cost and estimated earnings in excess of        2,283,259     1,868,002
              billings on uncompleted contracts
         Inventory                                      25,209,188    24,681,348
         Prepaid expenses and other current assets       1,868,212     1,808,762
                                                       -----------   -----------
              Total current assets                      48,878,534    46,362,643
                                                       -----------   -----------

FIXED ASSETS - Net                                      11,452,745    11,159,010
INTANGIBLES - Net                                        1,070,104     1,112,991
GOODWILL - Net                                           4,087,565     4,135,409
DEFERRED CHARGES                                           476,978       507,933
OTHER ASSETS                                               849,656       851,824
                                                       -----------   -----------
         TOTAL                                         $66,815,582   $64,129,810
                                                       ===========   ===========

                      LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
         Current portion of long-term debt             $   126,067   $   127,999
         Accounts payable - trade                        4,568,043     3,936,529
         Accrued liabilities                             3,717,297     3,699,188
         Deferred compensation liability                   784,427       722,566
         Income taxes                                    1,008,438       868,949
                                                       -----------   -----------
              Total current liabilities                 10,204,272     9,355,231
                                                       -----------   -----------

LONG-TERM LIABILITIES
         LONG-TERM DEBT (less current
              portion included above)                      377,840       411,127
         OTHER                                             717,691       725,258
         DEFERRED INCOME TAXES                           1,165,323     1,107,964
                                                       -----------   -----------
              Total liabilities                         12,465,126    11,599,580
                                                       -----------   -----------

SHAREHOLDERS' EQUITY
         Common stock, $.10 par value;                     
            Authorized 20,000,000 shares;
            Issued and  outstanding -
            7,611,718 shares at November 1,
            1997 and 7,516,234 shares at
            August 2, 1997                                 761,171       751,622
         Additional paid-in capital                     46,535,304    45,909,517
         Retained earnings                               7,829,305     6,572,318
                                                       -----------   -----------
                                                        55,125,780    53,233,457
         Less common stock in treasury -                   
             111,255 shares at November 1, 1997
             and 104,255 at August 2, 1997                 775,324       703,227
                                                       -----------   -----------
             Total shareholders' equity                 54,350,456    52,530,230
                                                       -----------   -----------
         TOTAL                                         $66,815,582   $64,129,810
                                                       ===========   ===========

    See notes to consolidated financial statements

                                      -2-
<PAGE>


      
                 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES

                        CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)


                                                       Three Months Ended
                                                  -----------------------------
                                                   November 1,      November 2,
                                                      1997             1996
                                                  ------------     ------------

NET SALES                                         $ 13,480,069     $ 12,311,384
                                                  ------------     ------------
COSTS AND EXPENSES:
     Cost of sales                                   8,047,545        7,506,238
     Research and development                        1,235,889        1,076,827
     Selling, general and administrative             2,402,399        2,325,539
     Interest income - net                             (54,275)         (19,456)
                                                  ------------     ------------
                                                    11,631,558       10,889,148
INCOME BEFORE PROVISION
FOR INCOME TAXES                                     1,848,511        1,422,236

PROVISION FOR INCOME TAXES                             591,524          433,782
                                                  ------------     ------------
NET INCOME                                        $  1,256,987     $    988,454
                                                  ============     ============

Per share amounts:                                
     Net income per common share
     and common share equivalents                 $        .15     $        .12
                                                  ============     ============
Weighted average number of                           
      common shares outstanding
      and common share equivalents                   8,609,984        8,463,327
                                                  ============     ============



See notes to consolidated financial statements

                                      -3-

<PAGE>
                 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (Unaudited)



                                                          Three Months Ended
                                                      --------------------------
                                                      November 1,    November 2,
                                                         1997           1996
                                                      -----------   ------------
                                                                               
                                                                                
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net Income                                         $ 1,256,987   $   988,454
   Adjustments to reconcile net
      income to net cash provided
      by operating activities:
        Imputed interest                                   16,570        16,954
        Depreciation                                      320,596       231,625
        Amortization                                      132,931       132,391
    Changes in assets and liabilities:
        (Increase) decrease in trade receivables         (902,327)      236,482
        Increase in cost and estimated earnings
          in excess of billings on uncompleted
          contracts                                      (415,257)         --
        Increase in inventory                            (527,840)     (880,188)
        Increase in prepaid and other current assets      (69,493)      (78,208)
        Increase in other assets                           (4,038)       (1,831)
        Increase (decrease) in accounts payable- trade    631,514       (25,085)
        Increase (decrease) in accrued liabilities         18,112      (511,896)
        Increase in deferred compensation liability        61,861        33,695
        Increase in income taxes payable                  201,852        51,614
                                                      -----------   -----------
           Net cash provided by operating activities      721,468       194,007
                                                      -----------   -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
        Expenditures for fixed assets                    (614,333)     (607,796)
        Investment in marketable securities              (236,891)      (33,695)
        Payments to former shareholders of subsidiary
          acquired                                        (24,137)      (13,925)
                                                      -----------   -----------
           Net cash used in investing activities         (875,361)     (655,416)
                                                      -----------   -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
         Net (repayment of) proceeds from bank
           borrowing                                      (35,219)      323,000
         Payment for repurchase of shares                 (72,097)         --
         Proceeds from exercise of stock options
           and warrants                                   638,548       138,352
         Other                                             (3,213)      (13,385)
                                                      -----------   -----------
           Net cash provided by financing activities      528,019       447,967
                                                      -----------   -----------

                                                                     (Continued)
See notes to consolidated financial statements

                                      -4-


<PAGE>
                 DEL GLOBAL TECHNOLOGIES CORP. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (Unaudited)


                                                         Three Months Ended
                                                       ------------------------
                                                       November 1,  November 2, 
                                                           1997        1996
                                                       -----------  -----------

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS    $  374,126  $   (13,442)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD           6,070,608    5,817,800
                                                       -----------  ----------- 
CASH AND CASH EQUIVALENTS, END OF PERIOD                $6,444,734  $ 5,804,358
                                                        ==========  ===========
                                                                   

SUPPLEMENTAL DISCLOSURES OF CASH FLOW
             INFORMATION:

             Interest paid                              $   18,005  $    14,340
                                                        ==========  ===========
             Income taxes paid                          $  389,672  $   407,739
                                                        ==========  ===========
             Tax benefit related to
               exercise of stock options
               and warrants                             $     --    $   139,397
                                                        ==========  ===========






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 November 1, 1997 and
         the results of its  operations  and its cash flows for the three months
         ended November 1, 1997 and November 2, 1996.

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

         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 month period ended November 1,
         1997 are not  necessarily  indicative of the results to be expected for
         the full year.


NOTE 3   INVESTMENTS

         Investments  available-for-sale  at November 1, 1997 and August 2, 1997
         include  $784,427  and  $722,566,   respectively,   for  the  Company's
         President's  deferred  compensation,  pursuant  to  the  terms  of  his
         employment   contract.   The  liabilities  of  $784,427  and  $722,566,
         respectively,  are recorded as deferred compensation  liability.  Gains
         and losses on the investments  held to fund the deferred  compensation,
         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 November 1, 1997,
         the balance of  investments  available-for-sale  of $175,030 are equity
         securities  held  by the  Company  for its own  account.  Realized  and
         unrealized  gains and losses on these  securities  for the period ended
         November 1, 1997 were not material  and are  recorded in the  financial
         statements.


NOTE 4   PERCENTAGE OF COMPLETION ACCOUNTING

                                                                    Three Months
                                                                        Ended
                                           November 1,   August 2,   November 1,
                                              1997         1997         1997
                                          -----------   ----------   -----------
         Costs incurred on
            uncompleted contracts          $4,047,633   $3,086,020   $  961,613

         Estimated earnings                 2,153,236    1,578,126      575,110
                                           ----------   ----------   ----------
                                            6,200,869    4,664,146    1,536,723

         Less:  Billings to date            3,917,610    2,796,144    1,121,466
                                           ----------   ----------   ----------

         Costs and estimated earnings
            in excess of billings on
            uncompleted contracts          $2,283,259   $1,868,002   $  415,257
                                           ==========   ==========   ==========

         There  were  no  contracts   accounted  for  under  the  percentage  of
         completion  method of accounting for the three months ended November 2,
         1996. The backlog of unshipped  contracts being accounted for under the
         percentage  of  completion   method  of  accounting  was  approximately
         $3,639,000 at November 1, 1997.

                                      -6-

<PAGE>
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:   
                                                       November 1,    August 2, 
                                                          1997          1997
                                                       -----------  -----------

         Finished goods                                $ 3,942,391  $ 3,859,842
         Work-in-process                                 9,979,753    9,770,789
         Raw material and purchased ts                  11,287,044   11,050,717
                                                       -----------  -----------
         Total                                         $25,209,188  $24,681,348
                                                       ===========  ===========


NOTE 6   FIXED ASSETS

         Fixed assets consist of the following:
                                                       November 1,    August 2,
                                                          1997          1997
                                                       -----------  -----------

         Land                                          $   694,046  $   694,046
         Building                                        2,146,025    2,146,025
         Machinery and equipment                        11,439,108   10,865,897
         Furniture and fixtures                          1,302,072    1,280,216
         Leasehold improvements                          1,248,258    1,228,992
         Transportation equipment                           30,103       30,103
                                                       -----------  -----------
                                                        16,859,612   16,245,279

         Less accumulated depreciation
            and amortization                             5,406,867    5,086,269
                                                       -----------  -----------

         Net fixed assets                              $11,452,745  $11,159,010
                                                       ===========  ===========


NOTE 7   Net income per  common  share was  computed  using the  treasury  stock
         method.


NOTE 8   EFFECT OF NEW ACCOUNTING PRONOUNCEMENTS

         Earnings  Per  Share.  In  February  1997,  the  Financial   Accounting
         Standards  Board  ("FASB")  issued  Statement of  Financial  Accounting
         Standards  ("SFAS") No. 128,  "Earnings  per Share." This  statement is
         effective  for  financial  statements  issued for periods  ending after
         December 15, 1997. Management has evaluated the effect on its financial
         reporting  from the adoption of this  statement and believes it will be
         significant.  If SFAS No.  128 were  effective  for the  quarter  ended
         November 1, 1997, the effect of  implementation  would have resulted in
         "Basic Earnings per Share" of $.17 and "Diluted  Earnings per Share" of
         $.15.

                                      -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 three  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;  and  Gendex-Del  (a
manufacturer of medical imaging systems) in fiscal 1996. 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  November  1, 1997 were
approximately  $13.5 million as compared to approximately  $12.3 million for the
three months ended November 2, 1996, an increase of 9.5%. The increase is due to
internal growth from existing operations.

                 Cost of  sales,  as a  percentage  of net  sales  for the three
months  ended  November  1,  1997,  was  59.7%  compared  to 61% for  the  prior
corresponding   period.   This   improvement   in  margins  is  due  to  reduced
manufacturing costs from efficiencies implemented in all existing operations.

                 Research and development  expenses  increased to  approximately
$1.2 million for the three months ended November 1, 1997 from approximately $1.1
million,  an increase of 14.8%, for the three months ended November 2, 1996. The
increase was 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.

                 Selling, general and administrative expenses were approximately
$2.4 million, or 17.8% of net sales, for the three months ended November 1, 1997
as compared to approximately  $2.3 million,  or 18.9% of net sales, for the same
period in the prior year,  an increase of 3.3%.  This increase was due to higher
levels of advertising,  increased trade show attendance and the  acceleration of
amortization of certain intangible assets.

                 Net  interest  income was  approximately  $54,000 for the three
months  ended  November  1, 1997 as compared  to  approximately  $19,000 for the
corresponding  period in the  prior  year.  Interest  income  resulted  from the
investment  of a  portion  of the  proceeds  from  the  public  offering  of the
Company's common stock,  which are invested in money market

                                      -8-

<PAGE>

instruments and high grade commercial paper.

                 Income  tax  expense  was 32% of  pre-tax  income for the three
months ended  November 1, 1997 and 30.5% for the three months ended  November 2,
1996.  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  $1,257,000 for the three
months  ended  November  1,  1997,  an  increase  of   approximately   27%  from
approximately $988,000 for the prior corresponding period. Net income per common
share at November 1, 1997  increased  to $.15 from $.12 at November 2, 1996,  an
increase  of 25%.  The number of common  shares  outstanding  and  common  share
equivalents  increased  to  8,609,984  at  November  1, 1997 from  8,463,327  at
November 2, 1996.  The  increase in net income for the three month  period ended
November 1, 1997 is primarily due to internal growth and improved gross margins.

                 The  backlog  of  unshipped  orders  at  November  1,  1997 was
approximately $33 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 November 1, 1997 and August 2, 1997,  the
Company's  working  capital was  approximately  $38.7 million and $37.0 million,
respectively.  At such dates the Company had approximately $6.4 million and $6.1
million, respectively, in cash and cash equivalents.

                 Trade  receivables at November 1, 1997 increased  approximately
$902,000 as compared to August 2, 1997 primarily due to increased sales levels.

                 Cost  and   estimated   earnings   in  excess  of  billings  on
uncompleted  contracts  increased to  approximately  $2.3 million at November 1,
1997 from  approximately  $1.9 million at August 2, 1997 due to additional  work
performed  in the  quarter  on long  term  contracts  accounted  for  under  the
percentage of completion method of accounting.

                 Inventory at November 1, 1997 increased  approximately $528,000
as  compared  to August 2,  1997,  primarily  because of  additional  production
requirements of a major new OEM contract which commenced in the third quarter of
fiscal 1997.

                 Trade  accounts  payable  increased  approximately  $632,000 at
November  1,  1997  from  August  2, 1997  primarily  because  of the  increased
inventory requirements of a major new OEM contract.

                 Credit Facility and Borrowing. At November 1, 1997, the Company
had a $14 million  revolving  credit line and a $10 million  acquisition  credit
line. The available portion of the revolving credit line was approximately $13.7
million, after deducting outstanding letters of credit of approximately $180,000
and $9.7 million was available under its acquisition credit line.

                 Capital  Expenditures.  The  Company  continues  to  invest  in
capital  equipment,  principally for its manufacturing  operations,  in order to
improve its  manufacturing  capability  and  capacity.  The Company has expended
approximately  $614,000 for capital  equipment  for the three month period ended
November 1, 1997.

                 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.

                 Shareholders'   Equity.   Shareholders'   equity  increased  to
approximately $54.4 million at November 1, 1997 from approximately $52.5 million
at August 2, 1997,  primarily  due to the results of  operations.  Additionally,
during  the  period   approximately  95,000  stock  options  and  warrants  were
exercised,  with proceeds of  approximately  $639,000 and

                                      -9-
<PAGE>

7,000  shares  of  common  stock  were  repurchased  at a cost of  approximately
$72,000.

Effects of New Accounting Pronouncements

                 Earnings Per Share. In February 1997, the Financial  Accounting
Standards  Board ("FASB")  issued  Statement of Financial  Accounting  Standards
("SFAS")  No. 128,  "Earnings  per  Share."  This  statement  is  effective  for
financial  statements  issued  for  periods  ending  after  December  15,  1997.
Management has evaluated the effect on its financial reporting from the adoption
of this  statement  and  believes it will be  significant.  If SFAS No. 128 were
effective for the quarter ended November 1, 1997,  the effect of  implementation
would have resulted in "Basic Earnings per Share" of $.17 and "Diluted  Earnings
per Share" of $.15.

                                      -10-

<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


                                      -11-

<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:  December 12, 1997






                                      -12-