Goodwill and Purchased Intangible Assets

9 Months Ended

Apr. 25, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Purchased Intangible Assets

(a)Goodwill

The following table presents the goodwill allocated to our reportable segments as of April 25, 2026 and changes to goodwill during the first nine months of fiscal 2026 (in millions):


	Balance at July 26, 2025		Acquisitions		Foreign Currency Translation and Other		Balance at April 25, 2026
Americas	$	36,468	$	21	$	76	$	36,565
EMEA	14,397		9		28		14,434
APJC	8,271		5		17		8,293
Total	$	59,136	$	35	$	121	$	59,292

(b)Purchased Intangible Assets

The following table presents details of our intangible assets acquired through acquisitions completed during the first nine months of fiscal 2026 (in millions, except years):


	FINITE LIVES									INDEFINITE LIVES		TOTAL
	CUSTOMER RELATED			TECHNOLOGY			TRADE NAME			IPR&D
	Weighted- Average Useful Life (in Years)	Amount		Weighted- Average Useful Life (in Years)	Amount		Weighted- Average Useful Life (in Years)	Amount		Amount		Amount
Total	—	$	—	2.5	$	14	—	$	—	$	—	$	14

The following tables present details of our purchased intangible assets with finite lives (in millions):


April 25, 2026	Gross		Accumulated Amortization		Net
Customer related	$	6,242	$	(1,826)	$	4,416
Technology	5,005		(1,991)		3,014
Trade name	510		(90)		420
Total	$	11,757	$	(3,907)	$	7,850


July 26, 2025	Gross		Accumulated Amortization		Net
Customer related	$	6,341	$	(1,268)	$	5,073
Technology	5,254		(1,606)		3,648
Trade name	526		(72)		454
Total	$	12,121	$	(2,946)	$	9,175

Purchased intangible assets include intangible assets acquired through acquisitions as well as through direct purchases or licenses.

Impairment charges related to purchased intangible assets were $19 million for the first nine months of fiscal 2025. Impairment charges were as a result of declines in estimated fair value resulting from the reductions in or the elimination of expected future cash flows associated with certain technology intangible assets. The fair value for purchased intangible assets measured at fair value on a nonrecurring basis was categorized as Level 3 due to the use of significant unobservable inputs in the valuation. Significant unobservable inputs that were used included expected revenues and net income related to the assets and the expected life of the assets. The difference between the estimated fair value and the carrying value of the assets was recorded as an impairment charge, which was included in product cost of sales.

The following table presents the amortization of purchased intangible assets, including impairment charges (in millions):


	Three Months Ended				Nine Months Ended
	April 25, 2026		April 26, 2025		April 25, 2026		April 26, 2025
Amortization of purchased intangible assets:
Cost of sales	$	229	$	269	$	704	$	934
Operating expenses	228		244		690		774
Total	$	457	$	513	$	1,394	$	1,708

The estimated future amortization expense of purchased intangible assets with finite lives as of April 25, 2026 is as follows (in millions):


Fiscal Year	Amount
2026 (remaining three months)	$	447
2027	1,495
2028	1,415
2029	1,287
2030	1,003
Thereafter	2,203
Total	$	7,850