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Segment, Geographic, and Significant Customer Information (Tables)

6 Months Ended

Oct. 25, 2024

Segment Reporting [Abstract]

Schedule of Financial Information by Segment

Financial information by segment is as follows (in millions, except percentages):

	Three Months Ended October 25, 2024
	Hybrid Cloud				Public Cloud				Consolidated
Product revenues	$	768			$	—			$	768
Support revenues		635				—				635
Professional and other services revenues		87				—				87
Public cloud revenues		—				168				168
Net revenues		1,490				168				1,658
Cost of product revenues		305				—				305
Cost of support revenues		51				—				51
Cost of professional and other services revenues		64				—				64
Cost of public cloud revenues		—				44				44
Segment cost of revenues		420				44				464
Segment gross profit	$	1,070			$	124			$	1,194
Segment gross margin		71.8	%			73.8	%			72.0	%
Unallocated cost of revenues1										17
Total gross profit									$	1,177
Total gross margin										71.0	%
1 Unallocated cost of revenues are composed of $8 million of stock-based compensation expense and $9 million of amortization of intangible assets.

	Three Months Ended October 27, 2023
	Hybrid Cloud				Public Cloud				Consolidated
Product revenues	$	706			$	—			$	706
Support revenues		623				—				623
Professional and other services revenues		79				—				79
Public cloud revenues		—				154				154
Net revenues		1,408				154				1,562
Cost of product revenues		275				—				275
Cost of support revenues		50				—				50
Cost of professional and other services revenues		60				—				60
Cost of public cloud revenues		—				52				52
Segment cost of revenues		385				52				437
Segment gross profit	$	1,023			$	102			$	1,125
Segment gross margin		72.7	%			66.2	%			72.0	%
Unallocated cost of revenues1										15
Total gross profit									$	1,110
Total gross margin										71.1	%
1 Unallocated cost of revenues are composed of $7 million of stock-based compensation expense and $8 million of amortization of intangible assets.

	Six Months Ended October 25, 2024
	Hybrid Cloud				Public Cloud				Consolidated
Product revenues	$	1,437			$	—			$	1,437
Support revenues		1,266				—				1,266
Professional and other services revenues		169				—				169
Public cloud revenues		—				327				327
Net revenues		2,872				327				3,199
Cost of product revenues		573				—				573
Cost of support revenues		101				—				101
Cost of professional and other services revenues		128				—				128
Cost of public cloud revenues		—				90				90
Segment cost of revenues		802				90				892
Segment gross profit	$	2,070			$	237			$	2,307
Segment gross margin		72.1	%			72.5	%			72.1	%
Unallocated cost of revenues1										32
Total gross profit									$	2,275
Total gross margin										71.1	%
1 Unallocated cost of revenues are composed of $15 million of stock-based compensation expense and $17 million of amortization of intangible assets.

	Six Months Ended October 27, 2023
	Hybrid Cloud				Public Cloud				Consolidated
Product revenues	$	1,296			$	—			$	1,296
Support revenues		1,234				—				1,234
Professional and other services revenues		156				—				156
Public cloud revenues		—				308				308
Net revenues		2,686				308				2,994
Cost of product revenues		539				—				539
Cost of support revenues		97				—				97
Cost of professional and other services revenues		118				—				118
Cost of public cloud revenues		—				103				103
Segment cost of revenues		754				103				857
Segment gross profit	$	1,932			$	205			$	2,137
Segment gross margin		71.9	%			66.6	%			71.4	%
Unallocated cost of revenues1										31
Total gross profit									$	2,106
Total gross margin										70.3	%
1 Unallocated cost of revenues are composed of $14 million of stock-based compensation expense and $17 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								Six Months Ended
		October 25,  2024				October 27, 2023				October 25,  2024				October 27, 2023
United States, Canada and Latin America (Americas)		$	862			$	789			$	1,625			$	1,543
Europe, Middle East and Africa (EMEA)			543				525				1,056				971
Asia Pacific (APAC)			253				248				518				480
Net revenues		$	1,658			$	1,562			$	3,199			$	2,994

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):

		October 25,  2024				April 26,   2024
U.S.		$	311			$	1,142
International			1,911				2,110
Total		$	2,222			$	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):

		October 25,  2024				April 26,   2024
U.S.		$	369			$	378
International			224				226
Total		$	593			$	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								Six Months Ended
		October 25,  2024				October 27, 2023				October 25,  2024				October 27, 2023
Arrow Electronics, Inc.			21	%			22	%			22	%			23	%
TD Synnex Corporation			24	%			22	%			23	%			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:

		October 25,  2024				April 26,   2024
Arrow Electronics, Inc.			7	%			10	%
TD Synnex Corporation			26	%			26	%

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