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  2, 1996
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 - 7,403,834




<PAGE>





                                     PART I


Item 1.  Financial Statements

              Consolidated Balance Sheets - November 2, 1996 and August 3, 1996

              Consolidated  Statements  of  Income  for the Three  Months  ended
              November 2, 1996 and October 28, 1995

              Consolidated  Statements  of Cash Flows for the Three Months ended
              November 2, 1996 and October 28, 1995

              Notes to Consolidated Financial Statements

                                       -1-

<PAGE>



                  DEL GLOBAL TECHNOLOGIES CORP. & SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)

             
                                                     November 2,      August 3,
     ASSETS                                              1996           1996
                                                     -----------     -----------

CURRENT ASSETS
  Cash and cash equivalents                          $ 5,804,358     $ 5,817,800
  Investments available-for-sale                         579,346         545,651
  Trade receivables                                    8,984,846       9,221,328
  Inventory                                           24,700,070      23,819,882
  Prepaid expenses and other current assets            1,740,221       1,675,039
                                                     -----------     -----------
                Total current assets                  41,808,841      41,079,700
                                                     -----------     -----------

FIXED ASSETS - Net                                     9,914,660       9,538,489
INTANGIBLES - Net                                      1,302,912       1,322,552
GOODWILL - Net                                         4,263,785       4,311,472
DEFERRED CHARGES                                         750,524         784,751
OTHER ASSETS                                             680,693         692,788
                                                     -----------     -----------
        TOTAL                                        $58,721,415     $57,729,752
                                                     ===========     ===========

    LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
        Current portion of long-term debt            $   120,076     $   120,078
        Accounts payable - trade                       3,668,495       3,693,580
        Accrued liabilities                            3,621,148       4,070,202
        Income taxes                                     666,013         643,545
                                                     -----------     -----------
                Total current liabilities              8,075,732       8,527,405
                                                     -----------     -----------

LONG-TERM LIABILITIES
        LONG-TERM DEBT (less current
           portion included above)                       822,854         499,852
        OTHER                                            792,618         789,589
        DEFERRED INCOME TAXES                            843,378         843,378
                                                     -----------     -----------
                Total liabilities                     10,534,582      10,660,224
                                                     -----------     -----------

SHAREHOLDERS' EQUITY
        Common stock, $.10 par value;
                Authorized 10,000,000
                shares; Issued  and
                outstanding - 7,463,837
                shares at November 2, 1996
                and 7,440,108 shares at
                August 3, 1996                           746,209         722,340
        Additional paid-in capital                    45,129,820      43,272,713
        Retained earnings                              2,647,489       3,411,160
                                                     -----------     -----------
                                                      48,523,518      47,406,213
                                                     -----------     -----------
        Less common stock in treasury -
                60,003 shares at
                November 2, 1996 and 60,003
                shares at August 3, 1996                 336,685         336,685
                                                     -----------     -----------
                Total shareholders' equity            48,186,833      47,069,528
                                                     -----------     -----------
        TOTAL                                        $58,721,415     $57,729,752
                                                     ===========     ===========

See notes to consolidated financial statements

                                       -2-

<PAGE>



                  DEL GLOBAL TECHNOLOGIES CORP. & SUBSIDIARIES

                        CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)



                                                         Three Months Ended
                                                   -----------------------------
                                                    November 2,      October 28,
                                                       1996             1995
                                                   ------------     ------------

NET SALES                                          $ 12,311,384     $  7,471,181
                                                   ------------     ------------

COSTS AND EXPENSES
        Cost of sales                                 7,506,238        4,190,634
        Research and development                      1,076,827          642,831
        Selling, general and administrative
          administrative                              2,325,539        1,571,966
        Interest (income) or expense - net              (19,456)         309,227
                                                   ------------     ------------

                                                     10,889,148        6,714,658
                                                   ------------     ------------

INCOME BEFORE PROVISION FOR INCOME TAXES              1,422,236          756,523

PROVISION FOR INCOME TAXES                              433,782          226,957
                                                   ------------     ------------

NET INCOME                                         $    988,454     $    529,566
                                                   ============     ============


PER SHARE AMOUNTS:

NET INCOME PER COMMON SHARE AND COMMON
        SHARE EQUIVALENTS PRIMARY AND
         FULLY DILUTED                             $        .12     $        .10
                                                   ============     ============

WEIGHTED AVERAGE NUMBER OF COMMON
        SHARES OUTSTANDING AND
         COMMON SHARE EQUIVALENTS                     8,463,327        5,546,650
                                                   ============     ============




See notes to consolidated financial statements

                                       -3-

<PAGE>



                  DEL GLOBAL TECHNOLOGIES CORP. & SUBSIDIARIES

                      CONSOLIDATED STATEMENT OF CASH FLOWS

                                   (Unaudited)

                                                          Three Months Ended
                                                      --------------------------
                                                      November 2,    October 28,
                                                         1996           1995
                                                      -----------    -----------
CASH FLOWS FROM OPERATING ACTIVITIES:
    Net income                                       $   988,454    $   529,566
    Adjustments to reconcile net
       income to net cash provided
       by operating activities:
            Imputed interest                              16,954         16,532
            Depreciation                                 231,625        160,610
            Amortization                                 132,391         97,308

    Changes in assets and liabilities:
    Decrease in trade receivables                        236,482      1,226,429
    Increase  in cost and estimated
       earnings in excess of billings
       on uncompleted contracts                             --           (8,183)
    Increase in inventory                               (880,188)    (1,086,773)
    Increase in prepaid and other current assets         (78,208)      (362,808)
    (Increase) decrease in other assets                   (1,831)        31,458
    Decrease in accounts payable - trade                 (25,085)        (2,091)
    Decrease in accrued liabilities                     (478,201)       (30,189)
    Increase in income taxes payable                      51,614        147,979
                                                     -----------    -----------
 Net cash provided by operating activities               194,007        719,838
                                                     -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
    Expenditures for fixed assets                       (607,796)      (371,072)
    Investment in marketable securities                  (33,695)       (35,347)
    Payments to former shareholder of
       subsidiary acquired                               (13,925)       (13,125)
                                                     -----------    -----------
Net cash used in investing activities                   (655,416)      (419,544)
                                                     -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
    Net proceeds (repayment of) from
       bank borrowing                                    323,000       (511,819)
    Proceeds from exercise of stock
       options and warrants                              138,352          7,132
    Payment for repurchase of shares                        --           (6,215)
    Other                                                (13,385)          --
                                                     -----------    -----------
Net cash provided by (used in) financing
       activities                                        447,967       (510,902)
                                                     -----------    -----------


                                                                     (Continued)
See notes to consolidated financial statements






                                       -4-

<PAGE>




                  DEL GLOBAL TECHNOLOGIES CORP. & SUBSIDIARIES

                      CONSOLIDATED STATEMENT OF CASH FLOWS

                                   (Unaudited)



                                                        Three Months Ended
                                                   -----------------------------
                                                   November  2,      October 28,
                                                       1996             1995
                                                   ------------     ------------


NET DECREASE IN CASH AND CASH EQUIVALENTS          $   (13,442)     $  (210,608)

CASH AND CASH EQUIVALENTS, BEGINNING OF
         PERIOD                                      5,817,800          505,989
                                                   -----------      -----------

CASH AND CASH EQUIVALENTS, END OF PERIOD           $ 5,804,358      $   295,381
                                                   ===========      ===========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW
         INFORMATION:

         Interest paid                             $    14,340      $   119,543
                                                   ===========      ===========

         Income taxes paid                         $   407,739      $    78,978
                                                   ===========      ===========










                                                                     (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  November 2, 1996 and the results of
                 its  operations  and its cash flows for the three  months ended
                 November 2, 1996 and October 28, 1995. 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 three month  period  ended
                 November 2, 1996 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:
                                              November 2, 1996    August 3, 1996
                                              ----------------    --------------

                 Finished goods                  $ 5,681,016       $ 5,463,847
                 Work-in-process                   9,880,028         9,538,081
                 Raw material and 
                    purchased parts                9,139,026         8,817,954
                                                 -----------       -----------
                 Total                           $24,700,070       $23,819,882
                                                 ===========       ===========

NOTE 4           FIXED ASSETS

                 Fixed assets consist of the following:

                                               November 2, 1996   August 3, 1996
                                               ----------------   --------------

                 Land                            $   694,046       $   694,046
                 Building                          2,146,025         2,146,025
                 Machinery and equipment           8,915,308         8,426,324
                 Furniture and fixtures            1,198,910           833,880
                 Leasehold improvements            1,072,462         1,043,996
                 Construction in progress            136,740           435,102
                 Transportation equipment             35,103            11,425
                                                 -----------       -----------

                                                  14,198,594        13,590,798
                 Less accumulated depreciation
                 and amortization                  4,283,934         4,052,309
                                                 -----------       -----------
                 Net fixed assets                $ 9,914,660       $ 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  month
                 period  ended  October  28,  1995,  as if  the  Gendex  Medical
                 acquisition  occurred at the  beginning  of the  period,  is as
                 follows:

                                                              Three Months Ended
                                                              October  28, 1995
                                                              ------------------

                Net Sales                                      $  12,327,000

                Income before provision
                for income taxes                               $     547,000
                                                               =============

                Net Income                                     $     383,000
                                                               =============

                Net income per common share
                and common share equivalents
                primary and fully diluted                      $         .07
                                                               =============


                  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

         Net  sales  for  the  three   months   ended   November  2,  1996  were
approximately  $12.3 million as compared to  approximately  $7.5 million for the
three months ended October 28, 1995, an increase of approximately  64.8 percent.
This  increase is due to net sales from the newly formed  Gendex-Del  subsidiary
and internal growth from existing operations.

         Cost of sales,  as a percentage of net sales for the three months ended
November  2, 1996,  was 61.0  percent  compared  to 56.0  percent  for the prior
corresponding  period.  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 November 2, 1996  from approximately $643,000
for the three  months  ended  October  28,  1995.  The  increase  was  primarily
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 $2.3
million for the three months ended November 2, 1996 as compared to approximately
$1.6 million for the same period in the prior year.  This increase was primarily
attributable  to  the  inclusion  of the  selling,  general  and  administrative
expenses of Gendex-Del.

         Net  interest  income was  approximately  $19,000 for the three  months
ended  November  2, 1996 as compared to net  interest  expense of  approximately
$309,000 for the  corresponding  period in the prior year.  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 three
months  ended  November  2, 1996 and 30.0  percent  for the three  months  ended
October 28, 1995.  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  $988,000 for the three months
ended  November  2,  1996,  an  increase  of  approximately  86.7  percent  from
approximately $530,000 for the prior corresponding period. Net income per common
share  increased  to $.12 from $.10 even  though the  weighted  number of common
shares  outstanding and common share equivalents  increased  approximately  52.6
percent to 8,463,327  from  5,546,650.  The increase in net income for the three
month  period  ended  November 2, 1996 is  primarily  due to higher sales to the
Company's medical imaging and diagnostic product customers.

         The backlog of unshipped  orders at November 2, 1996 was  approximately
$23.2 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.


                                       -8-

<PAGE>




         Working Capital.  At November 2, 1996 and August 3, 1996, the Company's
working capital was approximately $33.7 million and $32.6 million, respectively.
At such  dates the  Company  had  approximately  $5.8  million  in cash and cash
equivalents.

         Inventory  at  November  2, 1996  increased  approximately  $880,000 as
compared  to August 3, 1996.  Major new orders  received  in the  quarter  ended
November 2, 1996 resulted in the increase of inventory levels.

         Credit  Facility and Borrowing.  At November 2, 1996, 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  $13.3
million, after deducting outstanding letters of credit of approximately $368,000
and $9.5 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 for capital  equipment  for the three month  period  ended  November 2,
1996.

         The Company may expand its  technical and  marketing  capabilities  and
product  lines  through  the  acquisition  of  other  companies,  businesses  or
technologies that are complementary to the Company's current business.

         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

                        None


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 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:  December 11, 1996






                                      -11-