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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 29, 2023
Jul. 30, 2022
Jul. 31, 2021
REVENUE:      
Total revenue $ 56,998 $ 51,557 $ 49,818
COST OF SALES:      
Total cost of sales 21,245 19,309 17,924
GROSS MARGIN 35,753 32,248 31,894
OPERATING EXPENSES:      
Research and development 7,551 6,774 6,549
Sales and marketing 9,880 9,085 9,259
General and administrative 2,478 2,101 2,152
Amortization of purchased intangible assets 282 313 215
Restructuring and other charges 531 6 886
Total operating expenses 20,722 18,279 19,061
OPERATING INCOME 15,031 13,969 12,833
Interest income 962 476 618
Interest expense (427) (360) (434)
Other income (loss), net (248) 392 245
Interest and other income (loss), net 287 508 429
INCOME BEFORE PROVISION FOR INCOME TAXES 15,318 14,477 13,262
Provision for income taxes 2,705 2,665 2,671
NET INCOME $ 12,613 $ 11,812 $ 10,591
Net income per share:      
Basic (in dollars per share) $ 3.08 $ 2.83 $ 2.51
Diluted (in dollars per share) $ 3.07 $ 2.82 $ 2.50
Shares used in per-share calculation:      
Basic (in shares) 4,093 4,170 4,222
Diluted (in shares) 4,105 4,192 4,236
Product      
REVENUE:      
Total revenue $ 43,142 $ 38,018 $ 36,014
COST OF SALES:      
Total cost of sales 16,590 14,814 13,300
Service      
REVENUE:      
Total revenue 13,856 13,539 13,804
COST OF SALES:      
Total cost of sales $ 4,655 $ 4,495 $ 4,624