Disaggregated Revenue, Geographic Information, Concentrations of Risk, and Segment Reporting (Tables)

3 Months Ended

Oct. 03, 2025

Segment Reporting [Abstract]

Schedule of Disaggregation of Revenue

The following table summarizes the Company’s disaggregated revenue:

	Three Months Ended
	October 3, 2025		September 27, 2024
	(in millions)
Revenue by end market
Cloud	$	2,510	$	1,909
Client	146		139
Consumer	162		164
Total revenue	$	2,818	$	2,212
Revenue by geography(1)
Asia	$	1,175	$	686
Americas	1,100		1,247
Europe, Middle East and Africa	543		279
Total revenue	$	2,818	$	2,212

(1)    Net revenue is attributed to geographic regions based on the ship-to location of the customer.

Schedule of Segment Reporting Information, by Segment

The following table is a reconciliation of the Company’s measure of segment profit or loss, significant segment expenses and other segment items:

	Three Months Ended
	October 3, 2025		September 27, 2024
	(in millions)
Revenue, net	$	2,818	$	2,212
Less: Significant expenses and other segment items
Cost of revenue(1)	1,581		1,386
Research and development(1)	270		243
Selling, general and administrative(1)	111		176
Litigation matter	—		14
Business realignment charges	3		3
Stock-based compensation	53		57
Interest expense, net	42		92
Gain on retained interest in Sandisk	(611)		—
Other expense, net	2		(4)
Other segment items(2)	30		2
Income tax expense	155		90
Net income from continuing operations	$	1,182	$	153

(1)    Excludes amounts related to stock-based compensation and other segment items which are presented separately in the table above.

(2)    Other segment items include strategic investment activity and other charges.