Segment Information and Major Customers

6 Months Ended

Jan. 25, 2025

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 second quarter and first six months 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				Six Months Ended
	January 25, 2025		January 27, 2024		January 25, 2025		January 27, 2024
Revenue:
Americas	$	8,202	$	7,510	$	16,454	$	16,532
EMEA	3,855		3,484		7,444		7,148
APJC	1,934		1,798		3,934		3,779
Total	$	13,991	$	12,791	$	27,832	$	27,459
Gross margin:
Americas	$	5,545	$	4,932	$	11,285	$	10,901
EMEA	2,750		2,373		5,272		4,919
APJC	1,320		1,226		2,648		2,554
Segment total	9,614		8,532		19,204		18,373
Unallocated corporate items	(503)		(315)		(972)		(599)
Total	$	9,111	$	8,217	$	18,232	$	17,774

Amounts may not sum due to rounding.

Revenue in the United States was $7.4 billion and $6.7 billion for the second quarter of fiscal 2025 and 2024, respectively, and $14.8 billion and $14.9 billion for the first six months 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				Six Months Ended
	January 25, 2025		January 27, 2024		January 25, 2025		January 27, 2024
Revenue:
Networking	$	6,850	$	7,081	$	13,603	$	15,904
Security	2,111		973		4,129		1,984
Collaboration	996		989		2,081		2,106
Observability	277		188		535		378
Total Product	10,234		9,232		20,348		20,371
Services	3,757		3,559		7,484		7,088
Total	$	13,991	$	12,791	$	27,832	$	27,459

Amounts may not sum due to rounding.