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Segment, Geographic, and Significant Customer Information (Tables) | 3 Months Ended
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Jul. 26, 2024
Segment Reporting [Abstract] |
Schedule of Financial Information by Segment | Financial information by segment is as follows (in millions, except percentages):
| Three Months Ended July 26, 2024 |
| Hybrid Cloud |  |  | Public Cloud |  |  | Consolidated |
Product revenues | $ | 669 |  |  | $ | — |  |  | $ | 669 |
Support revenues |  | 631 |  |  |  | — |  |  |  | 631 |
Professional and other services revenues |  | 82 |  |  |  | — |  |  |  | 82 |
Public cloud revenues |  | — |  |  |  | 159 |  |  |  | 159 |
Net revenues |  | 1,382 |  |  |  | 159 |  |  |  | 1,541 |
Cost of product revenues |  | 268 |  |  |  | — |  |  |  | 268 |
Cost of support revenues |  | 50 |  |  |  | — |  |  |  | 50 |
Cost of professional and other services revenues |  | 64 |  |  |  | — |  |  |  | 64 |
Cost of public cloud revenues |  | — |  |  |  | 46 |  |  |  | 46 |
Segment cost of revenues |  | 382 |  |  |  | 46 |  |  |  | 428 |
Segment gross profit | $ | 1,000 |  |  | $ | 113 |  |  | $ | 1,113 |
Segment gross margin |  | 72.4 | % |  |  | 71.1 | % |  |  | 72.2 | %
Unallocated cost of revenues 1 |  |  |  |  |  |  |  | 15 |
Total gross profit |  |  |  |  |  |  | $ | 1,098 |
Total gross margin |  |  |  |  |  |  |  | 71.3 | %
1 Unallocated cost of revenues are composed of $7 million of stock-based compensation expense and $8 million of amortization of intangible assets. |
| Three Months Ended July 28, 2023 |
| Hybrid Cloud |  |  | Public Cloud |  |  | Consolidated |
Product revenues | $ | 590 |  |  | $ | — |  |  | $ | 590 |
Support revenues |  | 611 |  |  |  | — |  |  |  | 611 |
Professional and other services revenues |  | 77 |  |  |  | — |  |  |  | 77 |
Public cloud revenues |  | — |  |  |  | 154 |  |  |  | 154 |
Net revenues |  | 1,278 |  |  |  | 154 |  |  |  | 1,432 |
Cost of product revenues |  | 264 |  |  |  | — |  |  |  | 264 |
Cost of support revenues |  | 47 |  |  |  | — |  |  |  | 47 |
Cost of professional and other services revenues |  | 58 |  |  |  | — |  |  |  | 58 |
Cost of public cloud revenues |  | — |  |  |  | 51 |  |  |  | 51 |
Segment cost of revenues |  | 369 |  |  |  | 51 |  |  |  | 420 |
Segment gross profit | $ | 909 |  |  | $ | 103 |  |  | $ | 1,012 |
Segment gross margin |  | 71.1 | % |  |  | 66.9 | % |  |  | 70.7 | %
Unallocated cost of revenues 1 |  |  |  |  |  |  |  | 16 |
Total gross profit |  |  |  |  |  |  | $ | 996 |
Total gross margin |  |  |  |  |  |  |  | 69.6 | %
1 Unallocated cost of revenues are composed of $7 million of stock-based compensation expense and $9 million of amortization of intangible assets. |
Schedule of Revenues by Geographic Region | Revenues summarized by geographic region are as follows (in millions):
|  | Three Months Ended |
|  | July 26, 2024 |  |  | July 28, 2023 |
United States, Canada and Latin America (Americas) |  | $ | 763 |  |  | $ | 754 |
Europe, Middle East and Africa (EMEA) |  |  | 513 |  |  |  | 446 |
Asia Pacific (APAC) |  |  | 265 |  |  |  | 232 |
Net revenues |  | $ | 1,541 |  |  | $ | 1,432 |
Schedule of Cash, Cash Equivalents and Short-Term Investments | The following table presents cash, cash equivalents and short-term investments held in the U.S. and internationally in various foreign subsidiaries (in millions):
|  | July 26, 2024 |  |  | April 26, 2024 |
U.S. |  | $ | 697 |  |  | $ | 1,142 |
International |  |  | 2,320 |  |  |  | 2,110 |
Total |  | $ | 3,017 |  |  | $ | 3,252 |
Schedule of Property and Equipment, Net by Geographic Areas | The following table presents property and equipment information for geographic areas based on the physical location of the assets (in millions):
|  | July 26, 2024 |  |  | April 26, 2024 |
U.S. |  | $ | 372 |  |  | $ | 378 |
International |  |  | 222 |  |  |  | 226 |
Total |  | $ | 594 |  |  | $ | 604 |
Schedule of Revenues from Significant Customers | The following customers, each of which is a distributor, accounted for 10% or more of our net revenues:
|  | Three Months Ended |
|  | July 26, 2024 |  |  | July 28, 2023 |
Arrow Electronics, Inc. |  |  | 23 | % |  |  | 24 | %
TD Synnex Corporation |  |  | 22 | % |  |  | 21 | %
Schedule of Net Accounts Receivable from Significant Customers | The following customers accounted for 10% or more of accounts receivable as of at least one of the dates presented:
|  | July 26, 2024 |  |  | April 26, 2024 |
Arrow Electronics, Inc. |  |  | 6 | % |  |  | 10 | %
TD Synnex Corporation |  |  | 23 | % |  |  | 26 | %

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