Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Apr. 25, 2026	Apr. 26, 2025	Apr. 25, 2026	Apr. 26, 2025
REVENUE:
Total revenue	$ 15,841	$ 14,149	$ 46,073	$ 41,981
COST OF SALES:
Total cost of sales	5,761	4,871	16,276	14,471
GROSS MARGIN	10,080	9,278	29,797	27,510
OPERATING EXPENSES:
Research and development	2,377	2,335	7,132	6,920
Sales and marketing	2,855	2,724	8,607	8,148
General and administrative	661	739	2,082	2,286
Amortization of purchased intangible assets	228	244	690	774
Restructuring and other charges	(1)	34	182	709
Total operating expenses	6,120	6,076	18,693	18,837
OPERATING INCOME	3,960	3,202	11,104	8,673
Interest income	214	250	646	774
Interest expense	(377)	(403)	(1,097)	(1,225)
Other income (loss), net	242	(102)	423	(121)
Interest and other income (loss), net	79	(255)	(28)	(572)
INCOME BEFORE PROVISION FOR INCOME TAXES	4,039	2,947	11,076	8,101
Provision for income taxes	666	456	1,668	471
NET INCOME	$ 3,373	$ 2,491	$ 9,408	$ 7,630
Net income per share:
Basic (in dollars per share)	$ 0.85	$ 0.63	$ 2.38	$ 1.92
Diluted (in dollars per share)	$ 0.85	$ 0.62	$ 2.36	$ 1.91
Shares used in per-share calculation:
Basic (in shares)	3,952	3,972	3,954	3,981
Diluted (in shares)	3,982	4,002	3,987	4,004
Product
REVENUE:
Total revenue	$ 12,117	$ 10,374	$ 34,836	$ 30,722
COST OF SALES:
Total cost of sales	4,613	3,688	12,752	10,927
Services
REVENUE:
Total revenue	3,724	3,775	11,237	11,259
COST OF SALES:
Total cost of sales	$ 1,148	$ 1,183	$ 3,524	$ 3,544

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Apr. 25, 2026	Apr. 26, 2025
Cash flows from operating activities:
Net income	$ 9,408	$ 7,630
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and other	1,902	2,176
Share-based compensation expense	2,903	2,693
Provision for receivables	11	17
Deferred income taxes	(217)	(792)
(Gains) losses on divestitures, investments and other, net	(500)	52
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:
Accounts receivable	187	1,406
Inventories	(1,549)	541
Financing receivables	(34)	505
Other assets	(602)	(516)
Accounts payable	444	(10)
Income taxes, net	(2,342)	(2,002)
Accrued compensation	(332)	(431)
Deferred revenue	(141)	(524)
Other liabilities	(347)	(786)
Net cash provided by operating activities	8,791	9,959
Cash flows from investing activities:
Purchases of investments	(7,367)	(3,066)
Proceeds from sales of investments	1,884	2,228
Proceeds from maturities of investments	3,811	3,985
Acquisitions, net of cash and cash equivalents acquired and divestitures	(46)	(291)
Purchases of non-marketable equity securities	(699)	(265)
Return of investments in non-marketable equity securities	223	108
Acquisition of property and equipment	(1,020)	(688)
Other	(6)	(5)
Net cash provided by (used in) investing activities	(3,220)	2,006
Cash flows from financing activities:
Issuances of common stock	354	320
Repurchases of common stock—repurchase program	(4,605)	(4,748)
Shares repurchased for tax withholdings on vesting of restricted stock units	(1,362)	(910)
Short-term borrowings, original maturities of 90 days or less, net	412	(479)
Issuances of debt	10,640	17,388
Repayments of debt	(7,854)	(18,545)
Dividends paid	(4,894)	(4,812)
Other	(32)	(80)
Net cash used in financing activities	(7,341)	(11,866)
Effect of foreign currency exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	(57)	(23)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents	(1,827)	76
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period	8,910	8,842
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period	7,083	8,918
Supplemental cash flow information:
Cash paid for interest	1,305	1,370
Cash paid for income taxes, net	$ 4,228	$ 3,265

Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 25, 2026	Jul. 26, 2025
Current assets:
Cash and cash equivalents	$ 7,083	$ 8,346
Investments	9,557	7,764
Accounts receivable, net of allowance of $73 at April 25, 2026 and $69 at July 26, 2025	6,480	6,701
Inventories	4,708	3,164
Financing receivables, net	2,936	3,061
Other current assets	5,795	5,950
Total current assets	36,559	34,986
Property and equipment, net	2,577	2,113
Financing receivables, net	3,642	3,466
Goodwill	59,292	59,136
Purchased intangible assets, net	7,850	9,175
Deferred tax assets	7,558	7,356
Other assets	8,068	6,059
TOTAL ASSETS	125,546	122,291
Current liabilities:
Short-term debt	11,932	5,232
Accounts payable	2,970	2,528
Income taxes payable	173	1,857
Accrued compensation	3,290	3,611
Deferred revenue	16,446	16,416
Other current liabilities	4,730	5,420
Total current liabilities	39,541	35,064
Long-term debt	19,371	22,861
Income taxes payable	2,304	2,165
Deferred revenue	12,153	12,363
Other long-term liabilities	3,316	2,995
Total liabilities	76,685	75,448
Commitments and contingencies (Note 14)
Cisco stockholders’ equity:
Preferred stock, $0.001 par value: 5 shares authorized; none issued and outstanding	0	0
Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 3,940 and 3,960 shares issued and outstanding at April 25, 2026 and July 26, 2025, respectively	48,950	47,747
Retained earnings	704	50
Accumulated other comprehensive loss	(793)	(954)
Total equity	48,861	46,843
TOTAL LIABILITIES AND EQUITY	$ 125,546	$ 122,291