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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 26, 2025
Jul. 27, 2024
Jul. 29, 2023
REVENUE:      
Total revenue $ 56,654 $ 53,803 $ 56,998
COST OF SALES:      
Total cost of sales 19,864 18,975 21,245
GROSS MARGIN 36,790 34,828 35,753
OPERATING EXPENSES:      
Research and development 9,300 7,983 7,551
Sales and marketing 10,966 10,364 9,880
General and administrative 2,992 2,813 2,478
Amortization of purchased intangible assets 1,028 698 282
Restructuring and other charges 744 789 531
Total operating expenses 25,030 22,647 20,722
OPERATING INCOME 11,760 12,181 15,031
Interest income 1,001 1,365 962
Interest expense (1,593) (1,006) (427)
Other income (loss), net (68) (306) (248)
Interest and other income (loss), net (660) 53 287
INCOME BEFORE PROVISION FOR INCOME TAXES 11,100 12,234 15,318
Provision for income taxes 920 1,914 2,705
NET INCOME $ 10,180 $ 10,320 $ 12,613
Net income per share:      
Basic (in dollars per share) $ 2.56 $ 2.55 $ 3.08
Diluted (in dollars per share) $ 2.55 $ 2.54 $ 3.07
Shares used in per-share calculation:      
Basic (in shares) 3,976 4,043 4,093
Diluted (in shares) 3,998 4,062 4,105
Product      
REVENUE:      
Total revenue $ 41,608 $ 39,253 $ 43,142
COST OF SALES:      
Total cost of sales 15,121 14,339 16,590
Services      
REVENUE:      
Total revenue 15,046 14,550 13,856
COST OF SALES:      
Total cost of sales $ 4,743 $ 4,636 $ 4,655