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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Apr. 29, 2023
Apr. 30, 2022
Apr. 29, 2023
Apr. 30, 2022
REVENUE:        
Total revenue $ 14,571 $ 12,835 $ 41,795 $ 38,455
COST OF SALES:        
Total cost of sales 5,339 4,714 15,790 14,232
GROSS MARGIN 9,232 8,121 26,005 24,223
OPERATING EXPENSES:        
Research and development 1,962 1,708 5,598 5,092
Sales and marketing 2,526 2,209 7,301 6,736
General and administrative 641 517 1,788 1,612
Amortization of purchased intangible assets 70 77 212 240
Restructuring and other charges 87 0 328 8
Total operating expenses 5,286 4,511 15,227 13,688
OPERATING INCOME 3,946 3,610 10,778 10,535
Interest income 262 115 650 347
Interest expense (109) (90) (316) (267)
Other income (loss), net (142) 166 (265) 446
Interest and other income (loss), net 11 191 69 526
INCOME BEFORE PROVISION FOR INCOME TAXES 3,957 3,801 10,847 11,061
Provision for income taxes 745 757 2,192 2,064
NET INCOME $ 3,212 $ 3,044 $ 8,655 $ 8,997
Net income per share:        
Basic (in dollars per share) $ 0.79 $ 0.73 $ 2.11 $ 2.15
Diluted (in dollars per share) $ 0.78 $ 0.73 $ 2.11 $ 2.14
Shares used in per-share calculation:        
Basic (in shares) 4,089 4,152 4,100 4,184
Diluted (in shares) 4,110 4,170 4,111 4,204
Product        
REVENUE:        
Total revenue $ 11,092 $ 9,448 $ 31,492 $ 28,330
COST OF SALES:        
Total cost of sales 4,136 3,606 12,353 10,848
Service        
REVENUE:        
Total revenue 3,479 3,387 10,303 10,125
COST OF SALES:        
Total cost of sales $ 1,203 $ 1,108 $ 3,437 $ 3,384