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Business Segments, Geographic Information, and Concentrations of Risk (Tables)
3 Months Ended
Sep. 29, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment The following table summarizes the operating performance of the Company’s reportable segments:
Three Months Ended
September 29,
2023
September 30,
2022
$ in millions
Net revenue:
Flash$1,556 $1,722 
HDD1,194 2,014 
Total net revenue$2,750 $3,736 
Gross profit:
Flash$(161)$422 
HDD273 574 
Total gross profit for segments112 996 
Unallocated corporate items:
Stock-based compensation expense(13)(14)
Amortization of acquired intangible assets— (1)
Total unallocated corporate items(13)(15)
Consolidated gross profit$99 $981 
Gross margin:
Flash(10.3)%24.5 %
HDD22.9 %28.5 %
Consolidated gross margin3.6 %26.3 %
Schedule of Disaggregation of Revenue The Company’s disaggregated revenue information is as follows:
Three Months Ended
September 29,
2023
September 30,
2022
(in millions)
Revenue by End Market
Cloud$872 $1,829 
Client1,147 1,229 
Consumer731 678 
Total Revenue$2,750 $3,736 
Revenue by Geography
Asia$1,551 $1,686 
Americas662 1,423 
Europe, Middle East and Africa537 627 
Total Revenue$2,750 $3,736 
Schedule of Goodwill The following table provides a summary of goodwill activity for the period:
FlashHDDTotal
(in millions)
Balance at June 30, 2023$5,716 $4,321 $10,037 
Foreign currency translation adjustment(1)(1)(2)
Balance at September 29, 2023$5,715 $4,320 $10,035