Segment Information and Major Customers

9 Months Ended

Apr. 26, 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 third quarter and first nine 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				Nine Months Ended
	April 26, 2025		April 27, 2024		April 26, 2025		April 27, 2024
Revenue:
Americas	$	8,380	$	7,372	$	24,834	$	23,904
EMEA	3,736		3,458		11,179		10,606
APJC	2,034		1,873		5,968		5,652
Total	$	14,149	$	12,702	$	41,981	$	40,161
Gross margin:
Americas	$	5,676	$	5,006	$	16,960	$	15,906
EMEA	2,659		2,406		7,931		7,324
APJC	1,367		1,262		4,016		3,816
Segment total	9,703		8,673		28,907		27,046
Unallocated corporate items	(425)		(400)		(1,397)		(999)
Total	$	9,278	$	8,273	$	27,510	$	26,047

Amounts may not sum due to rounding.

Revenue in the United States was $7.6 billion and $6.6 billion for the third quarter of fiscal 2025 and 2024, respectively, and $22.4 billion and $21.4 billion for the first nine 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				Nine Months Ended
	April 26, 2025		April 27, 2024		April 26, 2025		April 27, 2024
Revenue:
Networking	$	7,068	$	6,522	$	20,671	$	22,425
Security	2,013		1,304		6,142		3,288
Collaboration	1,031		987		3,112		3,093
Observability	261		211		796		589
Total Product	10,374		9,024		30,722		29,395
Services	3,775		3,678		11,259		10,766
Total	$	14,149	$	12,702	$	41,981	$	40,161

Amounts may not sum due to rounding.