Segment Information and Major Customers (Tables)

6 Months Ended

Jan. 24, 2026

Segment Reporting [Abstract]

Reportable Segments

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

	Three Months Ended				Six Months Ended
	January 24, 2026		January 25, 2025		January 24, 2026		January 25, 2025
Revenue:
Americas	$	8,845	$	8,202	$	17,834	$	16,454
EMEA	4,425		3,855		8,208		7,444
APJC	2,080		1,934		4,191		3,934
Total	$	15,349	$	13,991	$	30,232	$	27,832
Gross margin:
Americas	$	5,816	$	5,545	$	11,817	$	11,285
EMEA	3,173		2,750		5,895		5,272
APJC	1,368		1,320		2,781		2,648
Segment total	10,357		9,614		20,493		19,204
Unallocated corporate items	(385)		(503)		(776)		(972)
Total	$	9,972	$	9,111	$	19,717	$	18,232
Supplemental information about our significant expenses:
Americas:
Cost of sales — product	$	2,416	$	1,877	$	4,765	$	3,928
Cost of sales — services	612		635		1,251		1,242
Segment total	$	3,029	$	2,512	$	6,016	$	5,170
EMEA:
Cost of sales — product	$	962	$	778	$	1,730	$	1,602
Cost of sales — services	289		288		583		570
Segment total	$	1,252	$	1,066	$	2,314	$	2,172
APJC:
Cost of sales — product	$	533	$	490	$	1,047	$	926
Cost of sales — services	179		183		362		360
Segment total	$	712	$	673	$	1,410	$	1,286

Net Sales for Groups of Similar Products and Services

The following table presents this disaggregation of revenue (in millions):

	Three Months Ended				Six Months Ended
	January 24, 2026		January 25, 2025		January 24, 2026		January 25, 2025
Product revenue:
Networking	$	8,294	$	6,850	$	16,061	$	13,603
Security	2,018		2,111		3,998		4,129
Collaboration	1,054		996		2,109		2,081
Observability	277		277		550		535
Total Product	11,642		10,234		22,719		20,348
Services	3,707		3,757		7,513		7,484
Total revenue	$	15,349	$	13,991	$	30,232	$	27,832

Our subscription revenue is recorded in product and services revenue in our Consolidated Statements of Operations as follows (in millions):

	Three Months Ended				Six Months Ended
	January 24, 2026		January 25, 2025		January 24, 2026		January 25, 2025
Product	$	4,474	$	4,432	$	8,974	$	8,851
Services	3,362		3,430		6,862		6,855
Total	$	7,836	$	7,862	$	15,836	$	15,706

The following table presents revenue for groups of similar products and services (in millions):

	Three Months Ended				Six Months Ended
	January 24, 2026		January 25, 2025		January 24, 2026		January 25, 2025
Revenue:
Networking	$	8,294	$	6,850	$	16,061	$	13,603
Security	2,018		2,111		3,998		4,129
Collaboration	1,054		996		2,109		2,081
Observability	277		277		550		535
Total Product	11,642		10,234		22,719		20,348
Services	3,707		3,757		7,513		7,484
Total	$	15,349	$	13,991	$	30,232	$	27,832