Segment Information and Major Customers

3 Months Ended

Oct. 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 chief executive officer is the chief operating decision maker (CODM). The CODM reviews certain financial information for each segment, to evaluate performance and allocate resources by comparing actual performance to our annual targets. Performance of each segment is measured based on segment revenue and segment gross margin. Sales are attributed to a segment based on the location of the customer.

We do not allocate research and development, sales and marketing, or general and administrative expenses to our segments because the CODM does not include this information in our measurement of 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 cost of sales and gross margin for each segment because the CODM does not include this information in the measurement of the performance of our operating segments.

The following summarizes our revenue and gross margin by segment and the significant expenses by each segment (in millions):

	Three Months Ended
	October 25, 2025		October 26, 2024
Revenue:
Americas	$	8,989	$	8,252
EMEA	3,784		3,588
APJC	2,111		2,001
Total	$	14,883	$	13,841
Gross margin:
Americas	$	6,001	$	5,740
EMEA	2,722		2,522
APJC	1,413		1,328
Segment total	10,136		9,590
Unallocated corporate items	(391)		(469)
Total	$	9,745	$	9,121
Supplemental information about our significant expenses:
Americas:
Cost of sales — product	$	2,349	$	1,877
Cost of sales — services	639		635
Segment total	$	2,988	$	2,512
EMEA:
Cost of sales — product	$	768	$	778
Cost of sales — services	294		288
Segment total	$	1,062	$	1,066
APJC:
Cost of sales — product	$	514	$	490
Cost of sales — services	184		183
Segment total	$	698	$	673

Amounts may not sum due to rounding.

Revenue in the United States was $8.1 billion and $7.4 billion for the first quarter of fiscal 2026 and 2025, respectively.

(b)Revenue for Groups of Similar Products and Services

We design and sell 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 25, 2025		October 26, 2024
Revenue:
Networking	$	7,768	$	6,753
Security	1,980		2,017
Collaboration	1,055		1,085
Observability	274		258
Total Product	11,077		10,114
Services	3,806		3,727
Total	$	14,883	$	13,841

Amounts may not sum due to rounding.