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

6 Months Ended

Jan. 02, 2026

Segment Reporting [Abstract]

Schedule of Disaggregation of Revenue

The following table summarizes the Company’s disaggregated revenue:

	Three Months Ended				Six Months Ended
	January 2, 2026		December 27, 2024		January 2, 2026		December 27, 2024
	(in millions)
Revenue by end market
Cloud	$	2,673	$	2,096	$	5,183	$	4,005
Client	176		140		322		279
Consumer	168		173		330		337
Total revenue	$	3,017	$	2,409	$	5,835	$	4,621
Revenue by geography(1)
Americas	$	1,291	$	1,039	$	2,391	$	2,286
Asia	1,117		910		2,292		1,596
Europe, Middle East and Africa	609		460		1,152		739
Total revenue	$	3,017	$	2,409	$	5,835	$	4,621

(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				Six Months Ended
	January 2, 2026		December 27, 2024		January 2, 2026		December 27, 2024
	(in millions)
Revenue, net	$	3,017	$	2,409	$	5,835	$	4,621
Less: Significant expenses and other segment items
Cost of revenue(1)	1,626		1,483		3,207		2,869
Research and development(1)	265		209		535		452
Selling, general and administrative(1)	107		126		218		302
Litigation matter	—		14		—		28
Business realignment charges	52		(10)		55		(7)
Stock-based compensation	53		30		106		87
Interest expense, net	42		84		84		176
Gain on retained interest in Sandisk	(1,103)		—		(1,714)		—
Other expense, net	3		6		5		2
Other segment items(2)	10		1		40		3
Income tax expense	120		—		275		90
Net income from continuing operations	$	1,842	$	466	$	3,024	$	619

(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 activity from strategic investments and other charges.