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Segment, Geographic, and Significant Customer Information (Tables)
12 Months Ended
Apr. 25, 2025
Segment Reporting [Abstract]  
Schedule of Financial Information by Segment

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 revenues1

 

 

 

 

 

 

 

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 revenues1

 

 

 

 

 

 

 

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 revenues1

 

 

 

 

 

 

 

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.

 

Schedule of Revenues by Geographic Region

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

 

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):

 

 

April 25, 2025

 

 

April 26, 2024

 

U.S.

 

$

1,320

 

 

$

1,142

 

International

 

 

2,526

 

 

 

2,110

 

Total

 

$

3,846

 

 

$

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):

 

 

April 25, 2025

 

 

April 26, 2024

 

U.S.

 

$

344

 

 

$

378

 

International

 

 

219

 

 

 

226

 

Total

 

$

563

 

 

$

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:

 

 

 

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

%

 

Schedule of Net Accounts Receivable from Significant Customers

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

%