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Segment, Geographic, and Significant Customer Information (Tables)

3 Months Ended

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 revenues1										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 revenues1										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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