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Revenue | 9 Months Ended
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Apr. 03, 2026
Revenue from Contract with Customer [Abstract] |
Revenue | Geographic Information and Concentrations of Risk Disaggregated Revenue The Company’s broad portfolio of technology and products addresses multiple end markets. Datacenter represents a large and growing end market comprised primarily of products for public or private cloud environments and enterprise customers. Through the Edge end market, the Company provides its original equipment manufacturer (“OEM”) and channel customers a broad array of high-performance flash solutions across personal computer, mobile, gaming, automotive, virtual reality headsets, at-home entertainment, and industrial spaces. The Consumer end market is highlighted by the Company’s broad range of retail and other end-user products, which capitalize on the strength of the Company’s product brand recognition and vast points of presence around the world. The Company’s disaggregated revenue information was as follows:
| Three Months Ended |  | Nine Months Ended
| April 3, 2026 |  | March 28, 2025 |  | April 3, 2026 |  | March 28, 2025
| (in millions)
Revenue by end market: |  |  |  |  |  |  |
Datacenter | $ | 1,467 |  |  | $ | 197 |  |  | $ | 2,176 |  |  | $ | 747 |
Edge | 3,663 |  |  | 927 |  |  | 6,728 |  |  | 3,024 |
Consumer | 820 |  |  | 571 |  |  | 2,379 |  |  | 1,683 |
Total revenue | $ | 5,950 |  |  | $ | 1,695 |  |  | $ | 11,283 |  |  | $ | 5,454 |
Revenue by geography: |  |  |  |  |  |  |
Asia | $ | 4,272 |  |  | $ | 1,038 |  |  | $ | 7,850 |  |  | $ | 3,274 |
Americas | 1,209 |  |  | 375 |  |  | 2,128 |  |  | 1,207 |
Europe, Middle East and Africa | 469 |  |  | 282 |  |  | 1,305 |  |  | 973 |
Total revenue | $ | 5,950 |  |  | $ | 1,695 |  |  | $ | 11,283 |  |  | $ | 5,454 |
The Company’s top 10 customers accounted for 46% and 41% of its n et revenue for the three and nine months ended April 3, 2026, respectively, and 41% and 43% o f its net revenue for the three and nine months ended March 28, 2025, respectively. For the three months ended April 3, 2026, one customer accounted for more than 10% of the Company’s net revenue and for the three months ended March 28, 2025, a different customer accounted for more than 10% of the Company’s net revenue. For the nine months ended April 3, 2026 and March 28, 2025, no customer accounted for more than 10% of the Company’s net revenue.Revenue Contract assets represent the Company’s right to consideration where performance obligations are completed but the customer payments are not due until another performance obligation is satisfied. The contract assets as of April 3, 2026 were not material and the Company had no contract assets as of June 27, 2025. Contract liabilities relate to customer payments in advance of performance under the contract and primarily include remaining performance obligations under long-term agreements. The contract liabilities as of June 27, 2025 were $25 million, of which $22 million were recognized as revenue during the nine months ended April 3, 2026. Total contract liabilities as of April 3, 2026 were $511 million. The increase in contract liabilities during the period was driven by customer advances associated with long‑term agreements entered into during the period. The Company incurs sales commissions as direct incremental costs to obtain sales contracts. The Company has applied the practical expedient to recognize sales commissions as an expense when incurred if the amortization period is expected to be one year or less, with these costs charged to Selling, general and administrative expenses. Direct incremental costs to obtain contracts with an expected benefit of more than one year were not material. As of April 3, 2026, the transaction price allocated to remaining performance obligations was $41.6 billion, of which $41.2 billion has not yet been billed and $0.4 billion has been recorded as contract liabilities. Approximately 15% of the remaining performance obligations from these contracts with customers are expected to be recognized as revenue over the next twelve months. The remaining performance obligations are mainly attributed to long-term agreements with customers. The Company applies the practical expedient and does not disclose the transaction price allocated to the remaining performance obligations for (i) arrangements with an original expected duration of one year or less, mainly consisting of sales of qualification units to customers, professional service, support, and maintenance contracts, and (ii) variable consideration for sale-based or usage-based royalties for intellectual property license arrangements, which typically range longer than one year.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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