v3.25.1
SEGMENT INFORMATION (Tables)
 3 Months Ended
May 02, 2025
Segment Reporting [Abstract]  
Schedule of Reconciliation of Revenue by Reportable Segments to Consolidated Net Revenue
The following table presents a reconciliation of net revenue by the Company’s reportable segments to the Company’s consolidated net revenue as well as a reconciliation of segment operating income to the Company’s consolidated operating income for the periods indicated:
 Three Months Ended
 May 2, 2025May 3, 2024
 (in millions)
Consolidated net revenue:  
Infrastructure Solutions Group$10,317 $9,227 
Client Solutions Group12,509 11,967 
Reportable segment net revenue22,826 21,194 
Corporate and other (a)552 1,050 
Total consolidated net revenue$23,378 $22,244 
Consolidated operating income:
Infrastructure Solutions Group$998 $736 
Client Solutions Group653 777 
Reportable segment operating income (b)1,651 1,513 
Corporate and other (a)15 6 
Amortization of intangibles (c)(126)(168)
Stock-based compensation expense (d)(190)(210)
Other corporate expenses (e)(185)(176)
Total consolidated operating income (f)$1,165 $965 
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(a)Corporate and other consists of results of divested businesses or non-reportable segments whose offerings are no longer actively sold, including (i) VMware Resale, (ii) Secureworks, and (iii) Virtustream, and do not meet the requirements for a reportable segment, either individually or collectively. Additionally, Corporate and other includes other items that are managed at the corporate level and are not allocated to reportable segments.
(b)Depreciation expense directly attributable to each reportable segment is included in the operating results of each segment. However, the CODM does not evaluate depreciation expense by operating segment, and therefore such expense is not separately presented.
(c)Amortization of intangibles includes non-cash purchase accounting adjustments that are primarily related to the acquisition by merger of EMC Corporation.
(d)Stock-based compensation expense consists of equity awards granted based on the estimated fair value of those awards at grant date.
(e)Other corporate expenses includes severance expenses, payroll taxes associated with stock-based compensation, incentive charges related to equity investments, facility action costs, transaction-related expenses, and impairment charges.
(f)Income and expenses within interest and other, net, is not allocated to the reportable segments. Therefore, the Company only reports to reportable segment operating income.
Schedule of Significant Expense Categories by Reportable Segment
The following table presents the significant expense categories by reportable segment for the periods indicated:
 Three Months Ended
 May 2, 2025May 3, 2024
 (in millions)
Infrastructure Solutions Group:
Cost of net revenue$7,050 $6,204 
Selling, general, and administrative$1,695 $1,759 
Research and development$574 $528 
Client Solutions Group:
Cost of net revenue$10,738 $10,115 
Selling, general, and administrative$982 $961 
Research and development$136 $114 
Schedule of Disaggregation of Net Revenue
The following table presents the disaggregation of net revenue by reportable segment and by major product categories within the segments for the periods indicated:
 Three Months Ended
 May 2, 2025May 3, 2024
 (in millions)
Net revenue: 
Infrastructure Solutions Group:
Servers and networking$6,321 $5,466 
Storage3,996 3,761 
Total ISG net revenue$10,317 $9,227 
Client Solutions Group:
Commercial$11,046 $10,154 
Consumer1,463 1,813 
Total CSG net revenue$12,509 $11,967