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Segment, Geographic, and Significant Customer Information (Tables)

9 Months Ended

Jan. 24, 2025

Segment Reporting [Abstract]

Schedule of Financial Information by Segment

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

	Three Months Ended January 24, 2025
	Hybrid Cloud				Public Cloud				Consolidated
Product revenues	$	758			$	—			$	758
Support revenues		621				—				621
Professional and other services revenues		88				—				88
Public cloud revenues		—				174				174
Net revenues		1,467				174				1,641
Cost of product revenues		328				—				328
Cost of support revenues		48				—				48
Cost of professional and other services revenues		63				—				63
Cost of public cloud revenues		—				41				41
Segment cost of revenues		439				41				480
Segment gross profit	$	1,028			$	133			$	1,161
Segment gross margin		70.1	%			76.4	%			70.7	%
Unallocated cost of revenues1										16
Total gross profit									$	1,145
Total gross margin										69.8	%
1 Unallocated cost of revenues are composed of $8 million of stock-based compensation expense and $8 million of amortization of intangible assets.

	Three Months Ended January 26, 2024
	Hybrid Cloud				Public Cloud				Consolidated
Product revenues	$	747			$	—			$	747
Support revenues		631				—				631
Professional and other services revenues		77				—				77
Public cloud revenues		—				151				151
Net revenues		1,455				151				1,606
Cost of product revenues		280				—				280
Cost of support revenues		49				—				49
Cost of professional and other services revenues		58				—				58
Cost of public cloud revenues		—				52				52
Segment cost of revenues		387				52				439
Segment gross profit	$	1,068			$	99			$	1,167
Segment gross margin		73.4	%			65.6	%			72.7	%
Unallocated cost of revenues1										16
Total gross profit									$	1,151
Total gross margin										71.7	%
1 Unallocated cost of revenues are composed of $7 million of stock-based compensation expense and $9 million of amortization of intangible assets.

	Nine Months Ended January 24, 2025
	Hybrid Cloud				Public Cloud				Consolidated
Product revenues	$	2,195			$	—			$	2,195
Support revenues		1,887				—				1,887
Professional and other services revenues		257				—				257
Public cloud revenues		—				501				501
Net revenues		4,339				501				4,840
Cost of product revenues		901				—				901
Cost of support revenues		149				—				149
Cost of professional and other services revenues		191				—				191
Cost of public cloud revenues		—				131				131
Segment cost of revenues		1,241				131				1,372
Segment gross profit	$	3,098			$	370			$	3,468
Segment gross margin		71.4	%			73.9	%			71.7	%
Unallocated cost of revenues1										48
Total gross profit									$	3,420
Total gross margin										70.7	%
1 Unallocated cost of revenues are composed of $23 million of stock-based compensation expense and $25 million of amortization of intangible assets.

	Nine Months Ended January 26, 2024
	Hybrid Cloud				Public Cloud				Consolidated
Product revenues	$	2,043			$	—			$	2,043
Support revenues		1,865				—				1,865
Professional and other services revenues		233				—				233
Public cloud revenues		—				459				459
Net revenues		4,141				459				4,600
Cost of product revenues		819				—				819
Cost of support revenues		146				—				146
Cost of professional and other services revenues		176				—				176
Cost of public cloud revenues		—				155				155
Segment cost of revenues		1,141				155				1,296
Segment gross profit	$	3,000			$	304			$	3,304
Segment gross margin		72.4	%			66.2	%			71.8	%
Unallocated cost of revenues1										47
Total gross profit									$	3,257
Total gross margin										70.8	%
1 Unallocated cost of revenues are composed of $21 million of stock-based compensation expense and $26 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								Nine Months Ended
		January 24,  2025				January 26, 2024				January 24,  2025				January 26, 2024
United States, Canada and Latin America (Americas)		$	833			$	802			$	2,458			$	2,345
Europe, Middle East and Africa (EMEA)			559				567				1,615				1,538
Asia Pacific (APAC)			249				237				767				717
Net revenues		$	1,641			$	1,606			$	4,840			$	4,600

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):

		January 24,  2025				April 26,   2024
U.S.		$	230			$	1,142
International			2,031				2,110
Total		$	2,261			$	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):

		January 24,  2025				April 26,   2024
U.S.		$	348			$	378
International			219				226
Total		$	567			$	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								Nine Months Ended
		January 24,  2025				January 26, 2024				January 24,  2025				January 26, 2024
Arrow Electronics, Inc.			20	%			21	%			21	%			22	%
TD Synnex Corporation			26	%			21	%			24	%			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:

		January 24,  2025				April 26,   2024
Arrow Electronics, Inc.			6	%			10	%
TD Synnex Corporation			27	%			26	%

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