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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jan. 25, 2025
Jan. 27, 2024
Jan. 25, 2025
Jan. 27, 2024
REVENUE:        
Total revenue $ 13,991 $ 12,791 $ 27,832 $ 27,459
COST OF SALES:        
Total cost of sales 4,880 4,574 9,600 9,685
GROSS MARGIN 9,111 8,217 18,232 17,774
OPERATING EXPENSES:        
Research and development 2,299 1,943 4,585 3,856
Sales and marketing 2,672 2,458 5,424 4,964
General and administrative 752 642 1,547 1,314
Amortization of purchased intangible assets 265 66 530 133
Restructuring and other charges 10 12 675 135
Total operating expenses 5,998 5,121 12,761 10,402
OPERATING INCOME 3,113 3,096 5,471 7,372
Interest income 238 324 524 684
Interest expense (404) (120) (822) (231)
Other income (loss), net (60) (139) (19) (222)
Interest and other income (loss), net (226) 65 (317) 231
INCOME BEFORE PROVISION FOR INCOME TAXES 2,887 3,161 5,154 7,603
Provision for income taxes 459 527 15 1,331
NET INCOME $ 2,428 $ 2,634 $ 5,139 $ 6,272
Net income per share:        
Basic (in dollars per share) $ 0.61 $ 0.65 $ 1.29 $ 1.55
Diluted (in dollars per share) $ 0.61 $ 0.65 $ 1.28 $ 1.54
Shares used in per-share calculation:        
Basic (in shares) 3,981 4,055 3,986 4,056
Diluted (in shares) 4,005 4,073 4,008 4,079
Product        
REVENUE:        
Total revenue $ 10,234 $ 9,232 $ 20,348 $ 20,371
COST OF SALES:        
Total cost of sales 3,713 3,443 7,239 7,400
Services        
REVENUE:        
Total revenue 3,757 3,559 7,484 7,088
COST OF SALES:        
Total cost of sales $ 1,167 $ 1,131 $ 2,361 $ 2,285