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Segment, Geographic, and Significant Customer Information | 12 Months Ended
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Apr. 25, 2025
Segment Reporting [Abstract] |
Segment, Geographic, and Significant Customer Information | 15. Segment, Geographic, and Significant Customer Information Our operations are organized into two segments: Hybrid Cloud and Public Cloud. The two segments are based on the information reviewed by our Chief Operating Decision Maker (CODM), who is the Chief Executive Officer, to evaluate results and allocate resources. The CODM measures performance of each segment based on segment revenue and segment gross profit by comparing actual revenue and gross profit results to historical results and previously forecasted financial information. We do not allocate to our segments certain cost of revenues which we manage at the corporate level. These unallocated costs include stock-based compensation and amortization of intangible assets. We do not allocate assets to our segments. Hybrid Cloud offers a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data centers. This portfolio accommodates both structured and unstructured data with unified storage optimized for flash, disk, and cloud storage, capable of handling data-intensive workloads and applications. Hybrid Cloud includes software, hardware, and related support, along with professional and other services. Public Cloud offers a portfolio of products delivered primarily as-a-service, including related support. This portfolio includes cloud storage, data services, and operational services. Public Cloud includes certain reseller arrangements in which the timing of our consideration follows the end user consumption of the reseller services. Segment Revenues and Gross Profit Financial information by segment is as follows (in millions, except percentages):
| Year Ended April 25, 2025 |
| Hybrid Cloud |  |  | Public Cloud |  |  | Total |
Product revenues | $ | 3,040 |  |  | $ | — |  |  | $ | 3,040 |
Support revenues |  | 2,512 |  |  |  | — |  |  |  | 2,512 |
Professional and other services revenues |  | 355 |  |  |  | — |  |  |  | 355 |
Public cloud revenues |  | — |  |  |  | 665 |  |  |  | 665 |
Net revenues |  | 5,907 |  |  |  | 665 |  |  |  | 6,572 |
Cost of product revenues |  | 1,278 |  |  |  | — |  |  |  | 1,278 |
Cost of support revenues |  | 197 |  |  |  | — |  |  |  | 197 |
Cost of professional and other services revenues |  | 261 |  |  |  | — |  |  |  | 261 |
Cost of public cloud revenues |  | — |  |  |  | 165 |  |  |  | 165 |
Segment cost of revenues |  | 1,736 |  |  |  | 165 |  |  |  | 1,901 |
Segment gross profit | $ | 4,171 |  |  | $ | 500 |  |  | $ | 4,671 |
Segment gross margin |  | 70.6 | % |  |  | 75.2 | % |  |  | 71.1 | %
Unallocated cost of revenues 1 |  |  |  |  |  |  |  | 58 |
Total gross profit |  |  |  |  |  |  | $ | 4,613 |
Total gross margin |  |  |  |  |  |  |  | 70.2 | %
1 Unallocated cost of revenues are composed of $30 million of stock-based compensation expense and $28 million of amortization of intangible assets. |
| Year Ended April 26, 2024 |
| Hybrid Cloud |  |  | Public Cloud |  |  | Total |
Product revenues | $ | 2,849 |  |  | $ | — |  |  | $ | 2,849 |
Support revenues |  | 2,488 |  |  |  | — |  |  |  | 2,488 |
Professional and other services revenues |  | 320 |  |  |  | — |  |  |  | 320 |
Public cloud revenues |  | — |  |  |  | 611 |  |  |  | 611 |
Net revenues |  | 5,657 |  |  |  | 611 |  |  |  | 6,268 |
Cost of product revenues |  | 1,131 |  |  |  | — |  |  |  | 1,131 |
Cost of support revenues |  | 195 |  |  |  | — |  |  |  | 195 |
Cost of professional and other services revenues |  | 243 |  |  |  | — |  |  |  | 243 |
Cost of public cloud revenues |  | — |  |  |  | 203 |  |  |  | 203 |
Segment cost of revenues |  | 1,569 |  |  |  | 203 |  |  |  | 1,772 |
Segment gross profit | $ | 4,088 |  |  | $ | 408 |  |  | $ | 4,496 |
Segment gross margin |  | 72.3 | % |  |  | 66.8 | % |  |  | 71.7 | %
Unallocated cost of revenues 1 |  |  |  |  |  |  |  | 63 |
Total gross profit |  |  |  |  |  |  | $ | 4,433 |
Total gross margin |  |  |  |  |  |  |  | 70.7 | %
1 Unallocated cost of revenues are composed of $29 million of stock-based compensation expense and $34 million of amortization of intangible assets. |
| Year Ended April 28, 2023 |
| Hybrid Cloud |  |  | Public Cloud |  |  | Total |
Product revenues | $ | 3,049 |  |  | $ | — |  |  | $ | 3,049 |
Support revenues |  | 2,419 |  |  |  | — |  |  |  | 2,419 |
Professional and other services revenues |  | 319 |  |  |  | — |  |  |  | 319 |
Public cloud revenues |  | — |  |  |  | 575 |  |  |  | 575 |
Net revenues |  | 5,787 |  |  |  | 575 |  |  |  | 6,362 |
Cost of product revenues |  | 1,511 |  |  |  | — |  |  |  | 1,511 |
Cost of support revenues |  | 181 |  |  |  | — |  |  |  | 181 |
Cost of professional and other services revenues |  | 211 |  |  |  | — |  |  |  | 211 |
Cost of public cloud revenues |  | — |  |  |  | 184 |  |  |  | 184 |
Segment cost of revenues |  | 1,903 |  |  |  | 184 |  |  |  | 2,087 |
Segment gross profit | $ | 3,884 |  |  | $ | 391 |  |  | $ | 4,275 |
Segment gross margin |  | 67.1 | % |  |  | 68.0 | % |  |  | 67.2 | %
Unallocated cost of revenues 1 |  |  |  |  |  |  |  | 66 |
Total gross profit |  |  |  |  |  |  | $ | 4,209 |
Total gross margin |  |  |  |  |  |  |  | 66.2 | %
1 Unallocated cost of revenues are composed of $24 million of stock-based compensation expense and $42 million of amortization of intangible assets. |
Geographical Revenues and Certain Assets Revenues summarized by geographic region are as follows (in millions):
|  | Year Ended |
|  | April 25, 2025 |  |  | April 26, 2024 |  |  | April 28, 2023 |
United States, Canada and Latin America (Americas) |  | $ | 3,347 |  |  | $ | 3,193 |  |  | $ | 3,237 |
Europe, Middle East and Africa (EMEA) |  |  | 2,204 |  |  |  | 2,104 |  |  |  | 2,148 |
Asia Pacific (APAC) |  |  | 1,021 |  |  |  | 971 |  |  |  | 977 |
Net revenues |  | $ | 6,572 |  |  | $ | 6,268 |  |  | $ | 6,362 |
Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $3,092 mill ion, $2,952 million and $3,007 million during fiscal 2025, 2024 and 2023, respectively. The majority of our assets, excluding cash, cash equivalents, short-term investments and accounts receivable, were attributable to our domestic operations. The following table presents cash, cash equivalents and short-term investments held in the U.S. and internationally in various foreign subsidiaries (in millions):
|  | April 25, 2025 |  |  | April 26, 2024 |
U.S. |  | $ | 1,320 |  |  | $ | 1,142 |
International |  |  | 2,526 |  |  |  | 2,110 |
Total |  | $ | 3,846 |  |  | $ | 3,252 |
With the exception of property and equipment, we do not identify or allocate our long-lived assets by geographic area. The following table presents property and equipment information for geographic areas based on the physical location of the assets (in millions):
|  | April 25, 2025 |  |  | April 26, 2024 |
U.S. |  | $ | 344 |  |  | $ | 378 |
International |  |  | 219 |  |  |  | 226 |
Total |  | $ | 563 |  |  | $ | 604 |
Significant Customers The following customers, each of which is a distributor, accounted for 10% or more of our net revenues:
|  | Year Ended |
|  | April 25, 2025 |  |  | April 26, 2024 |  |  | April 28, 2023 |
Arrow Electronics, Inc. |  |  | 21 | % |  |  | 22 | % |  |  | 24 | %
TD Synnex Corporation (previously presented as Tech Data Corporation) |  |  | 24 | % |  |  | 22 | % |  |  | 21 | %
The following customers accounted for 10% or more of accounts receivable:
|  | April 25, 2025 |  |  | April 26, 2024 |
Arrow Electronics, Inc. |  |  | 10 | % |  |  | 10 | %
TD Synnex Corporation |  |  | 27 | % |  |  | 26 | %

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- Definition The entire disclosure for reporting segments including data and tables. 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