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               February 1, 1997
Commission File Number              1-10512


                          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 period covered by this report.

                            Common Stock - 7,400,414




<PAGE>





                                     PART I


Item 1.  Financial Statements

              Consolidated Balance Sheets - February 1, 1997 and August 3, 1996

              Consolidated  Statements  of Income  for the Three  Months and Six
              Months ended February 1, 1997 and February 3, 1996

              Consolidated  Statements  of Cash Flows for the Six  Months  ended
              February 1, 1997 and February 3, 1996

              Notes to Consolidated Financial Statements

                                       -1-

<PAGE>



                  DEL GLOBAL TECHNOLOGIES CORP. & SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)

    ASSETS
                                                       February 1,    August  3,
                                                          1997           1996
                                                       -----------    ----------
           CURRENT ASSETS
   Cash and cash equivalents                           $ 5,528,176   $ 5,817,800
   Investments available-for-sale                          640,283       545,651
   Trade receivables                                     9,533,259     9,221,328
   Inventory                                            25,496,375    23,819,882
   Prepaid expenses and other current assets             1,999,939     1,675,039
                                                       -----------   -----------
           Total current assets                         43,198,032    41,079,700
                                                       -----------   -----------

FIXED ASSETS - Net                                      10,204,605     9,538,489
INTANGIBLES - Net                                        1,283,271     1,322,552
GOODWILL - Net                                           4,231,099     4,311,472
DEFERRED CHARGES                                           712,569       784,751
OTHER ASSETS                                               638,534       692,788
                                                       -----------   -----------
        TOTAL                                          $60,268,110   $57,729,752
                                                       ===========   ===========

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
   Current portion of long-term debt                   $   117,420   $   120,078
   Accounts payable - trade                              4,193,165     3,693,580
   Accrued liabilities                                   3,698,788     4,070,202
   Income taxes                                            674,846       643,545
                                                       -----------   -----------
           Total current liabilities                     8,684,219     8,527,405
                                                       -----------   -----------

LONG-TERM LIABILITIES
   Long-term debt (less current
      portion included above)                              531,620       499,852
   Other                                                   795,709       789,589
   Deferred income taxes                                   843,378       843,378
                                                       -----------   -----------
           Total liabilities                            10,854,926    10,660,224
                                                       -----------   -----------
SHAREHOLDERS' EQUITY
   Common stock, $.10 par value;
      Authorized - 10,000,000 shares;
      Issued  and  outstanding -
         7,467,669 shares at February 1, 1997
         and 7,440,108 shares at August 3, 1996            746,767       722,340
   Additional paid-in capital                           45,307,346    43,272,713
   Retained earnings                                     3,769,066     3,411,160
                                                       -----------   -----------
                                                        49,823,179    47,406,213
                                                       -----------   -----------
   Less common stock in treasury -
      67,255 shares at February 1, 1997
      and 58,255 shares at August 3, 1996                  409,995       336,685
                                                       -----------   -----------
           Total shareholders' equity                   49,413,184    47,069,528
                                                       -----------   -----------
        TOTAL                                          $60,268,110   $57,729,752
                                                       ===========   ===========

See notes to consolidated financial statements

                                       -2-

<PAGE>



                  DEL GLOBAL TECHNOLOGIES CORP. & SUBSIDIARIES

                        CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)
<TABLE>
<CAPTION>
                                               Three Months Ended              Six Months Ended
                                          ----------------------------   ----------------------------

                                             Feb. 1,         Feb. 3,        Feb. 1,         Feb. 3,
                                              1997            1996           1997            1996
                                          ------------    ------------   ------------    ------------

<S>                                       <C>             <C>            <C>             <C>         
NET SALES                                 $ 12,691,871    $  9,329,438   $ 25,003,255    $ 16,800,619
                                          ------------    ------------   ------------    ------------

COSTS AND EXPENSES:
     Cost of sales                           7,558,599       5,553,918     15,064,837       9,744,552
     Research and development                1,115,612         789,063      2,192,439       1,431,894
     Selling, general & administrative       2,434,208       1,784,151      4,759,747       3,356,117
     Interest (income) or expense - net        (27,840)        285,984        (47,296)        595,211
                                          ------------    ------------   ------------    ------------
                                            11,080,579       8,413,116     21,969,727      15,127,774
                                          ------------    ------------   ------------    ------------
INCOME BEFORE PROVISION
FOR INCOME TAXES                             1,611,292         916,322      3,033,528       1,672,845
PROVISION FOR INCOME TAXES                     491,444         283,261        925,226         510,218
                                          ------------    ------------   ------------    ------------
NET INCOME                                $  1,119,848    $    633,061   $  2,108,302    $  1,162,627
                                          ============    ============   ============    ============
Per share amounts:
     Net income per common share
     and common share equivalents
           - primary                      $        .13    $        .12   $        .25    $        .22
                                          ============    ============   ============    ============
           - fully diluted                $        .13    $        .11   $        .25    $        .21
                                          ============    ============   ============    ============
Weighted average number of
      common shares outstanding
      and common share equivalents
            - primary                        8,583,517       5,587,027      8,523,422       5,566,839
                                          ============    ============   ============    ============
            - fully diluted                  8,620,692       5,597,408      8,561,147       5,572,030
                                          ============    ============   ============    ============
</TABLE>


See notes to consolidated financial statements

                                       -3-

<PAGE>



                  DEL GLOBAL TECHNOLOGIES CORP. & SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (Unaudited)

                                                          Six Months Ended
                                                     ---------------------------
                                                        Feb. 3,        Feb. 3,
                                                          1997           1996
                                                        -------        -------
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net Income                                        $ 2,108,302    $ 1,162,627
   Adjustments to reconcile net
     income to net cash provided
     by operating activities:
     Imputed Interest                                     33,968         33,133
     Depreciation                                        471,697        338,919
     Amortization                                        263,782        194,617
   Changes in assets and liabilities:
     (Increase) decrease in trade receivables           (311,931)       731,732
     Increase in cost and estimated
       earnings in excess of billings
       billings on uncompleted contracts                    --           (8,183)
     Increase in inventory                            (1,676,493)    (1,870,199)
     Increase in prepaid and other current assets       (350,951)      (503,223)
     Decrease in other assets                             27,402         37,861
     Increase in accounts payable - trade                499,585        208,502
     Decrease in accrued liabilities                    (371,412)      (346,549)
     Increase in income taxes payable                    178,918        266,768
                                                     -----------    -----------
        Net cash provided by operating activities        872,867        246,005
                                                     -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
     Expenditures for fixed assets                    (1,137,813)      (761,231)
     Net cash paid on acquisition of
        subsidiaries                                     (15,000)          --
     Investment in marketable securities - net           (94,632)      (119,256)
     Payments to former shareholders of
        subsidiary acquired                              (27,850)       (26,250)
                                                     -----------    -----------
        Net cash used in investing activities         (1,275,295)      (906,737)
                                                     -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Net proceeds from (repayment of) bank borrowing      29,110       (147,554)
     Payment for repurchase of shares                    (73,310)       (19,770)
     Proceeds from exercise of stock options 
        and warrants                                     175,338        491,867
     Other                                               (18,334)        (7,748)
                                                     -----------    -----------
        Net cash provided by financing activities        112,804        316,795
                                                     -----------    -----------

                                                                     (Continued)
See notes to consolidated financial statements







                                       -4-

<PAGE>





                  DEL GLOBAL TECHNOLOGIES CORP. & SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (Unaudited)


                                                            Six Months Ended
                                                       -------------------------
                                                         Feb. 1,        Feb 3,
                                                          1997           1996
                                                         -------        ------
NET DECREASE IN CASH AND CASH EQUIVALENTS              $  (289,624)   $(343,937)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD           5,817,800      505,989
                                                       -----------    ---------
CASH AND CASH EQUIVALENTS, END OF PERIOD               $ 5,528,176    $ 162,052
                                                       ===========    =========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW
   INFORMATION:
   Interest paid                                       $    27,950    $ 569,505
                                                       ===========    =========
   Income taxes paid                                   $   747,057    $ 269,405
                                                       ===========    =========












(Concluded)



See notes to consolidated financial statements

                                       -5-

<PAGE>



                  DEL GLOBAL TECHNOLOGIES CORP. & 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 February 1, 1997 and the results of its
               operations  and its cash flows for the six months ended  February
               1, 1997 and February 3, 1996.

               The accounting  policies followed by the Company are set forth in
               Note 1 to the  Company's  financial  statements  as of  August 3,
               1996.

               The  consolidated   financial   statements   should  be  read  in
               conjunction  with the  notes to the  financial  statements  as of
               August 3, 1996.

NOTE 2         The results of operations for the six month period ended February
               1,  1997 are not  necessarily  indicative  of the  results  to be
               expected for the full year.

NOTE 3         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:                  
                                                          Feb. 1,      Aug. 3,
                                                           1997         1996
                                                       -----------   -----------

                 Finished goods                        $ 5,848,404   $ 5,463,847
                 Work-in-process                        10,209,391     9,538,081
                 Raw material and purchased parts        9,438,580     8,817,954
                                                       -----------   -----------
Total                                                  $25,496,375   $23,819,882
                                                       ===========   ===========

NOTE 4           FIXED ASSETS

                 Fixed assets consist of the following:
                                                          Feb. 1,       Aug. 3, 
                                                           1997          1996
                                                       -----------   -----------

                 Land                                  $   694,046   $   694,046
                 Building                                2,146,025     2,146,025
                 Machinery and equipment                 9,268,032     8,426,324
                 Furniture and fixtures                  1,235,764       833,880
                 Leasehold improvements                  1,085,642     1,043,996
                 Construction in progress                  263,999       435,102
                 Transportation equipment                   30,103        11,425
                                                       ----------    -----------
                                                        14,723,611    13,590,798
                 Less accumulated depreciation and 
                         amortization                    4,519,006     4,052,309
                                                       -----------   -----------
                 Net fixed assets                      $10,204,605   $ 9,538,489
                                                       ===========   ===========




                                       -6-

<PAGE>



NOTE 5         Net income per common share was computed using the treasury stock
               method.  The weighted  average number of common shares and common
               share  equivalents  for the period and for all periods  presented
               includes the effect of the 3 percent stock  dividend (see Note 6)
               declared on November 19, 1996.

NOTE 6         On November  19,  1996,  the Company  declared a 3 percent  stock
               dividend  to  holders  of record on  December  4,  1996,  payable
               December 23, 1996.

NOTE 7         ACQUISITION

               As of March 6, 1996, the Company acquired certain selected assets
               of the Gendex  Medical  Division of Dentsply  International  Inc.
               ("Dentsply"),  which have been  consolidated as of that date. The
               new  entity  formed  is  the  Gendex-Del  Medical  Imaging  Corp.
               ("Gendex-Del").

               Unaudited pro-forma  financial  information for the 3 and 6 month
               periods  ended  February  3,  1996,  as  if  the  Gendex  Medical
               acquisition  occurred at the beginning of the respective periods,
               is as follows:

                                                    Three Months     Six  Months
                                                       Ended            Ended
                                                    Feb. 3, 1996    Feb. 3, 1996
                                                    ------------    ------------

                 Net Sales
                                                   $    13,325,247   $25,663,032
                                                   ===============   ===========

                 Income before provision
                 for income taxes                  $       710,425   $ 1,257,247
                                                   ===============   ===========

                 Net Income                        $       493,745   $   873,782
                                                   ===============   ===========

                 Net income per common share
                 and common share equivalents
                 primary and fully diluted         $           .09   $       .16
                                                   ===============   ===========


                  The pro forma  financial  information  presented  above is not
                  necessarily  indicative of the  operating  results which would
                  have been achieved had the Company  acquired Gendex Medical at
                  the beginning of the periods presented or of the results to be
                  achieved in the future.
















                                       -7-

<PAGE>



MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS

         Net  sales  for  the  three   months   ended   February  1,  1997  were
approximately  $12.7 million compared to approximately $9.3 million, an increase
of approximately  36.0 percent over the corresponding  period in the prior year.
Net sales for the six months  ended  February 1, 1997 were  approximately  $25.0
million as  compared to  approximately  $16.8  million for the six months  ended
February 3, 1996, an increase of approximately 48.8 percent. These increases are
due to the inclusion of net sales from the Gendex-Del subsidiary.

         Cost of sales,  as a percentage of net sales for the three months ended
February  1, 1997,  was 59.6  percent  compared  to 59.5  percent  for the prior
corresponding  period.  Cost of sales, as a percentage of net sales, for the six
months  ended  February 1, 1997 was 60.3 percent as compared to 58.0 percent for
the six months  ended  February  3, 1996.  This  change was due to the change in
product mix in the periods.  The current year period  includes the gross margins
of medical imaging systems manufactured by Gendex-Del.

         Research  and  development  expenses  increased to  approximately  $1.1
million for the three months ended February 1, 1997 from approximately  $789,000
for the three months ended February 3, 1996.  Research and development  expenses
increased to  approximately  $2.2  million for the six months ended  February 1,
1997 from  approximately $1.4 million for the six months ended February 3, 1996.
The increase was  attributable  to Gendex-Del and the increase in other research
and  development  activities.  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 for the three months ended February 1, 1997 as compared to approximately
$1.8  million  for the same  period  in the prior  year.  Selling,  general  and
administrative  expenses  increased  to  approximately  $4.8 million for the six
months  ended  February  1, 1997 from  approximately  $3.4  million for the same
period in the prior year.  These  increases  are primarily  attributable  to the
inclusion of the selling, general and administrative expenses of Gendex-Del.

         Net  interest  income was  approximately  $28,000 for the three  months
ended  February  1, 1997 as compared to net  interest  expense of  approximately
$286,000 for the corresponding period in the prior year. Net interest income was
approximately  $47,000 for the six months  ended  February  1, 1997  compared to
approximately  $595,000 of interest expense for the corresponding  prior period.
Interest expense was significantly reduced as the Company paid off substantially
all of its debt.  Interest  income  resulted from the  investment of some of the
proceeds from the public offering of the Company's  common stock,  which were in
money market instruments and high grade commercial paper.

         Income tax  expense  was 30.5  percent  of  pre-tax  income for the six
months ended February 1, 1997 and for the six months ended February 3, 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 $1.1 million for the three months
ended  February  1,  1997,  an  increase  of  approximately  76.9  percent  from
approximately $633,000 for the prior corresponding period. Net income per common
share for the three months ended  February 1, 1997  increased to $.13 from $.12,
on a primary basis, even though the weighted number of common shares outstanding
and common share equivalents  increased  approximately 53.6 percent to 8,583,517
from 5,587,027 shares in the prior  corresponding  period. Net income per common
share for the three months ended  February 1, 1997  increased to $.13 from $.11,
on a fully  diluted  basis,  even though the  weighted  number of common  shares
outstanding and common share equivalents increased approximately 54.0 percent to
8,620,692 from 5,597,408 shares in the prior corresponding period. Net income

                                       -8-

<PAGE>



increased to  approximately  $2.1  million for the six months ended  February 1,
1997, an increase of approximately  81.3 percent from approximately $1.2 million
for the prior  corresponding  period.  Net income  per common  share for the six
months ended  February 1, 1997  increased to $.25 from $.22, on a primary basis,
even though the weighted  number of common shares  outstanding  and common share
equivalents  increased  approximately  53.1 percent to 8,523,422  from 5,566,839
shares in the prior  corresponding  period.  Net income per common share for the
six months  ended  February  1, 1997  increased  to $.25 from  $.21,  on a fully
diluted basis, even though the weighted number of common shares  outstanding and
common share equivalents increased  approximately 53.6 percent to 8,561,147 from
5,572,030 shares in the prior corresponding  period. The increases in net income
for the three and six month periods ended  February 1, 1997 are primarily due to
higher sales to the Company's medical imaging and diagnostic product customers.

         The Company's  growth  strategy  continues to be to grow  internally by
expanded  product  development  and  marketing and by  acquisition  and/or joint
ventures with specific focus on  cost-effective  medical  imaging and diagnostic
products.

         The backlog of unshipped  orders at February 1, 1997 was  approximately
$22.2 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 February 1, 1997 and August 3, 1996, the Company's
working capital was approximately $34.5 million and $32.6 million, respectively.
On  February  1, 1997 and  August 3, 1996 the  Company  had  approximately  $5.5
million and $5.8 million, respectively, in cash and cash equivalents.

         Inventory at February 1, 1997 increased  approximately $1.7 as compared
to August 3, 1996.  Major new orders  received in the quarter ended  February 1,
1997 resulted in the increase of inventory levels.

         Credit  Facility and Borrowing.  At February 1, 1997, the Company had a
$14.0 million revolving credit line and a $10.0 million acquisition credit line.
The  available  portion of the  revolving  credit line was  approximately  $13.6
million,   after  deducting  outstanding  letters  of  credit  of  approximately
$262,500, and $9.6 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
$608,000  and $1.1  million  for capital  equipment  for the three month and six
month periods ended February 1, 1997, respectively.

         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.


                                       -9-

<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

               At the annual  meeting of  stockholders  of the  Company  held on
               February 13, 1997, the stockholders:

               (a)      Elected the following directors:  Natan V. Bertman, 
                        David Michael, Seymour Rubin James Tiernan and 
                        Leonard A. Trugman.

                           Election of Directors      For     Withheld
                           ---------------------   ---------  --------

                           L.A. Trugman            6,681,327    75,940
                           N.V. Bertman            6,409,791   347,476
                           D. Michael              6,682,226    75,041
                           S. Rubin                6,678,742    78,525
                           J. Tiernan              6,675,030    82,237

               (b)      Approved the proposal to amend the Company's Certificate
                        of  Incorporation  to increase the number of  authorized
                        shares of the Company's  common stock from 10,000,000 to
                        20,000,000 shares.

                          For        Against    Abstain  Broker No Vote
                       ---------     -------    -------  --------------

                       6,386,948     313,972     54,575      1,772

Item 5.        Other Information

               (i)      On  November  19,  1996,  the  Registrant  declared  a 3
                        percent stock  dividend  payable on December 23, 1996 to
                        holders of record on December 4, 1996.

Item 6.        Exhibits and Reports on Form 8-K

               (a)      Exhibits: Exhibit 3.1 -  Certificate of Amendment of the
                                                 Certificate   of  Incorporation
                                                 dated February 13, 1997
                                  Exhibit 11  -  Computation   of  Earnings  per
                                                 Common Share
                                  Exhibit 27  -  Financial Data Schedule

               (b)      Report on Form 8-K:  None




                                      -10-

<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:  March 11, 1997








                                      -11-