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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Apr. 27, 2024
Apr. 29, 2023
Apr. 27, 2024
Apr. 29, 2023
REVENUE:        
Total revenue $ 12,702 $ 14,571 $ 40,161 $ 41,795
COST OF SALES:        
Total cost of sales 4,429 5,339 14,114 15,790
GROSS MARGIN 8,273 9,232 26,047 26,005
OPERATING EXPENSES:        
Research and development 1,948 1,962 5,804 5,598
Sales and marketing 2,559 2,526 7,523 7,301
General and administrative 736 641 2,050 1,788
Amortization of purchased intangible assets 297 70 430 212
Restructuring and other charges 542 87 677 328
Total operating expenses 6,082 5,286 16,484 15,227
OPERATING INCOME 2,191 3,946 9,563 10,778
Interest income 411 262 1,095 650
Interest expense (357) (109) (588) (316)
Other income (loss), net (10) (142) (232) (265)
Interest and other income (loss), net 44 11 275 69
INCOME BEFORE PROVISION FOR INCOME TAXES 2,235 3,957 9,838 10,847
Provision for income taxes 349 745 1,680 2,192
NET INCOME $ 1,886 $ 3,212 $ 8,158 $ 8,655
Net income per share:        
Basic (in dollars per share) $ 0.47 $ 0.79 $ 2.01 $ 2.11
Diluted (in dollars per share) $ 0.46 $ 0.78 $ 2.00 $ 2.11
Shares used in per-share calculation:        
Basic (in shares) 4,042 4,089 4,051 4,100
Diluted (in shares) 4,060 4,110 4,071 4,111
Product        
REVENUE:        
Total revenue $ 9,024 $ 11,092 $ 29,395 $ 31,492
COST OF SALES:        
Total cost of sales 3,295 4,136 10,695 12,353
Service        
REVENUE:        
Total revenue 3,678 3,479 10,766 10,303
COST OF SALES:        
Total cost of sales $ 1,134 $ 1,203 $ 3,419 $ 3,437