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

9 Months Ended

Apr. 03, 2026

The following table summarizes the Company’s disaggregated revenue:



	Three Months Ended				Nine Months Ended
	April 3, 2026		March 28, 2025		April 3, 2026		March 28, 2025
	(in millions)





Revenue by end market
Cloud	$	2,972	$	2,007	$	8,155	$	6,012
Client	179		137		501		416
Consumer	186		150		516		487
Total revenue	$	3,337	$	2,294	$	9,172	$	6,915

Revenue by geography(1)
Americas	$	1,499	$	1,182	$	3,890	$	3,468
Asia	1,320		753		3,612		2,349
Europe, Middle East and Africa	518		359		1,670		1,098
Total revenue	$	3,337	$	2,294	$	9,172	$	6,915

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

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				Nine Months Ended
	April 3, 2026		March 28, 2025		April 3, 2026		March 28, 2025
	(in millions)
Revenue, net	$	3,337	$	2,294	$	9,172	$	6,915
Less: Significant expenses and other segment items
Cost of revenue(1)	1,653		1,374		4,860		4,243
Research and development(1)	272		228		807		680
Selling, general and administrative(1)	125		96		343		398
Litigation matter	—		(207)		—		(179)
Business realignment charges	40		—		95		(7)
Stock-based compensation	53		35		159		122

Interest expense, net	26		81		110		257
(Gain) loss on retained interest in Sandisk	(2,734)		606		(4,448)		606
Costs in connection with debt-for-equity exchange	545		—		545		—
Other expense (income), net	(2)		3		3		5
Other segment items(2)	—		4		40		7
Income tax expense (benefit)	154		(698)		429		(608)
Net income from continuing operations	$	3,205	$	772	$	6,229	$	1,391

(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.