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Balance Sheet and Other Details
6 Months Ended
Jan. 24, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet and Other Details Balance Sheet and Other Details
The following tables provide details of selected balance sheet and other items (in millions, except percentages):
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
January 24, 2026July 26, 2025
Cash and cash equivalents$7,458 $8,346 
Restricted cash and restricted cash equivalents included in other current assets564 
Total$7,459 $8,910 
Our restricted cash and restricted cash equivalents are funds primarily related to contractual obligations with suppliers.
Inventories
January 24, 2026July 26, 2025
Raw materials$2,016 $1,744 
Work in process684 261 
Finished goods987 933 
Service-related spares227 220 
Demonstration systems
Total$3,920 $3,164 
Property and Equipment, Net
January 24, 2026July 26, 2025
Gross property and equipment:
Land, buildings, and building and leasehold improvements$4,060 $4,045 
Production, engineering, computer and other equipment and related software5,293 5,178 
Operating lease assets51 51 
Furniture, fixtures and other301 316 
Total gross property and equipment9,705 9,590 
Less: accumulated depreciation and amortization(7,354)(7,477)
Total$2,351 $2,113 
Remaining Performance Obligations (RPO)
January 24, 2026July 26, 2025
Product$21,977 $21,572 
Services21,429 21,961 
Total$43,406 $43,533 
Short-term RPO$21,370 $21,723 
Long-term RPO22,036 21,810 
Total$43,406 $43,533 
Amount to be recognized as revenue over the next 12 months
49 %50 %
Deferred revenue$28,403 $28,779 
Unbilled contract revenue15,003 14,754 
Total$43,406 $43,533 
Unbilled contract revenue represents noncancelable contracts for which we have not invoiced, have an obligation to perform, and revenue has not yet been recognized in the financial statements.
Deferred Revenue
January 24, 2026July 26, 2025
Product$13,371 $13,490 
Services15,032 15,289 
Total$28,403 $28,779 
Reported as:
Current$16,199 $16,416 
Noncurrent12,204 12,363 
Total$28,403 $28,779