v3.25.2
Segment Information and Major Customers (Tables)
 12 Months Ended
Jul. 26, 2025
Segment Reporting [Abstract]  
Reportable Segments
The following summarizes our revenue and gross margin by segment and the significant expenses by each segment for fiscal 2025, 2024, and 2023 (in millions):
Years EndedJuly 26, 2025July 27, 2024July 29, 2023
Revenue:
Americas$33,656 $31,971 $33,447 
EMEA14,824 14,117 15,135 
APJC8,174 7,716 8,417 
Total$56,654 $53,803 $56,998 
Gross margin:
Americas$22,962 $21,372 $21,350 
EMEA10,545 9,755 10,016 
APJC5,431 5,187 5,424 
Segment total38,938 36,312 36,788 
Unallocated corporate items(2,148)(1,484)(1,035)
Total$36,790 $34,828 $35,753 
Supplemental information about our significant expenses:
Americas:
Cost of sales — product$8,206 $8,077 $9,479 
Cost of sales — services2,487 2,523 2,619 
Segment total$10,694 $10,600 $12,097 
EMEA:
Cost of sales — product$3,138 $3,264 $3,998 
Cost of sales — services1,140 1,098 1,121 
Segment total$4,279 $4,362 $5,119 
APJC:
Cost of sales — product$2,010 $1,838 $2,324 
Cost of sales — services734 690 668 
Segment total$2,743 $2,529 $2,992 
Revenue for Groups of Similar Products and Services
The following table presents this disaggregation of revenue (in millions):
Years EndedJuly 26, 2025July 27, 2024July 29, 2023
Product revenue:
Networking$28,304 $29,229 $34,570 
Security8,094 5,075 3,859 
Collaboration4,154 4,113 4,052 
Observability1,055 837 661 
Total Product41,608 39,253 43,142 
Services15,046 14,550 13,856 
Total revenue$56,654 $53,803 $56,998 
Our subscription revenue is recorded in product and services revenue in our Consolidated Statements of Operations as follows (in millions):
Years EndedJuly 26, 2025July 27, 2024July 29, 2023
Product$17,783 $14,078 $11,931 
Services13,743 13,302 12,709 
Total$31,526 $27,380 $24,640 
The following table presents revenue for groups of similar products and services (in millions):
Years EndedJuly 26, 2025July 27, 2024July 29, 2023
Revenue:
Networking$28,304 $29,229 $34,570 
Security8,094 5,075 3,859 
Collaboration4,154 4,113 4,052 
Observability1,055 837 661 
Total Product41,608 39,253 43,142 
Services15,046 14,550 13,856 
Total$56,654 $53,803 $56,998 
Property and Equipment Information for Geographic Areas The following table presents our long-lived assets, which consists of property and equipment, net and operating lease ROU assets information for geographic areas (in millions):
July 26, 2025July 27, 2024
Long-lived assets:
United States$2,370 $2,253 
International1,044 903 
Total$3,414 $3,156