v3.26.1
Segment Information and Major Customers
 9 Months Ended
Apr. 25, 2026
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 EndedNine Months Ended
April 25, 2026April 26, 2025April 25, 2026April 26, 2025
Revenue:
Americas$9,569 $8,380 $27,403 $24,834 
EMEA4,054 3,736 12,262 11,179 
APJC2,218 2,034 6,409 5,968 
Total$15,841 $14,149 $46,073 $41,981 
Gross margin:
Americas$6,100 $5,676 $17,917 $16,960 
EMEA2,892 2,659 8,787 7,931 
APJC1,466 1,367 4,247 4,016 
Segment total10,458 9,703 30,951 28,907 
Unallocated corporate items(378)(425)(1,154)(1,397)
Total$10,080 $9,278 $29,797 $27,510 
Supplemental information about our significant expenses:
Americas:
Cost of sales — product$2,864 $2,091 $7,629 $6,019 
Cost of sales — services606 612 1,857 1,854 
Segment total$3,470 $2,703 $9,486 $7,873 
EMEA:
Cost of sales — product$881 $790 $2,611 $2,392 
Cost of sales — services281 286 865 855 
Segment total$1,162 $1,076 $3,476 $3,247 
APJC:
Cost of sales — product$582 $481 $1,629 $1,407 
Cost of sales — services170 186 532 546 
Segment total$752 $667 $2,161 $1,953 
Amounts may not sum due to rounding.
Revenue in the United States was $8.7 billion and $7.6 billion for the third quarter of fiscal 2026 and 2025, respectively, and $24.8 billion and $22.4 billion for the first nine months of fiscal 2026 and 2025, respectively.
(b)Revenue for Groups of Similar Products and Services
We design and sell Internet Protocol (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 EndedNine Months Ended
April 25, 2026April 26, 2025April 25, 2026April 26, 2025
Revenue:
Networking$8,815 $7,068 $24,877 $20,671 
Security2,008 2,013 6,006 6,142 
Collaboration1,024 1,031 3,133 3,112 
Observability269 261 820 796 
Total Product12,117 10,374 34,836 30,722 
Services3,724 3,775 11,237 11,259 
Total$15,841 $14,149 $46,073 $41,981 
Amounts may not sum due to rounding.