Segment Information and Major Customers

3 Months Ended

Oct. 26, 2024

Segment Reporting [Abstract]

Segment Information and Major Customers

Segment Information and Major Customers

(a)Revenue and Gross Margin by Segment

We conduct business globally and are primarily managed on a geographic basis consisting of three segments: the Americas, EMEA, and APJC. Our management makes financial decisions and allocates resources based on the information it receives from our internal management system. Sales are attributed to a segment based on the ordering location of the customer. We do not allocate research and development, sales and marketing, or general and administrative expenses to our segments in this internal management system because management does not include the information in our measurement of the performance of the operating segments. In addition, we do not allocate amortization and impairment of acquisition-related intangible assets, share-based compensation expense, significant litigation settlements and other contingencies, charges related to asset impairments and restructurings, and certain other charges to the gross margin for each segment because management does not include this information in our measurement of the performance of the operating segments.

Summarized financial information by segment for the first quarter of fiscal 2025 and 2024, based on our internal management system and as utilized by our Chief Operating Decision Maker (“CODM”), is as follows (in millions):

	Three Months Ended
	October 26, 2024		October 28, 2023
Revenue:
Americas	$	8,252	$	9,022
EMEA	3,588		3,664
APJC	2,001		1,982
Total	$	13,841	$	14,668
Gross margin:
Americas	$	5,740	$	5,968
EMEA	2,522		2,545
APJC	1,328		1,328
Segment total	9,590		9,841
Unallocated corporate items	(469)		(284)
Total	$	9,121	$	9,557

Amounts may not sum due to rounding.

Revenue in the United States was $7.4 billion and $8.1 billion for the first quarter of fiscal 2025 and 2024, respectively.

(b)Revenue for Groups of Similar Products and Services

We design and sell Internet Protocol (IP)-based networking and other products related to the communications and IT industry and provide services associated with these products and their use.

The following table presents revenue for groups of similar products and services (in millions):

	Three Months Ended
	October 26, 2024		October 28, 2023
Revenue:
Networking	$	6,753	$	8,822
Security	2,017		1,010
Collaboration	1,085		1,117
Observability	258		190
Total Product	10,114		11,139
Services	3,727		3,529
Total	$	13,841	$	14,668

Amounts may not sum due to rounding.