v3.26.1
Segment Information and Major Customers (Tables)
 9 Months Ended
Apr. 25, 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 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 
Net Sales for Groups of Similar Products and Services The following table presents this disaggregation of revenue (in millions):
Three Months EndedNine Months Ended
April 25, 2026April 26, 2025April 25, 2026April 26, 2025
Product 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 revenue$15,841 $14,149 $46,073 $41,981 
Our subscription revenue is recorded in product and services revenue in our Consolidated Statements of Operations as follows (in millions):
Three Months EndedNine Months Ended
April 25, 2026April 26, 2025April 25, 2026April 26, 2025
Product$4,432 $4,483 $13,406 $13,334 
Services3,359 3,433 10,221 10,288 
Total$7,791 $7,916 $23,627 $23,622 
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