v3.25.2
Segment Reporting, Disaggregated Revenue, Geographic Information, and Concentrations of Risk (Tables)
 12 Months Ended
Jun. 27, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table is a reconciliation of the Company’s measure of segment profit or loss, significant segment expenses and other segment items:
202520242023
(in millions)
Revenue, net
$9,520 $6,317 $6,255 
Less: Significant expenses and other segment items
Cost of revenue(1)
5,771 4,506 4,827 
Research and development(1)
920 885 916 
Selling, general and administrative(1)
503 583 656 
Litigation matter
(179)291 — 
Business realignment charges
(6)209 146 
Stock-based compensation
167 202 212 
Strategic review
— 38 42 
Interest expense, net
312 381 291 
Loss on retained interest in Sandisk
772 — — 
Loss on extinguishment of debt
100 — — 
Other expense, net
2 14 20 
Other segment items(2)
28 (53)(6)
Income tax expense (benefit)
(513)26 53 
Net income (loss) from continuing operations
$1,643 $(765)$(902)
(1)    Excludes amounts related to stock-based compensation and strategic review which are presented separately in the table above.
(2)    Other segment items include strategic investment activity and other small charges.
Schedule of Disaggregation of Revenue
The Company’s disaggregated revenue by end market is as follows:
202520242023
(in millions)
Revenue by end market
Cloud$8,341 $5,052 $4,753 
Client556 577 691 
Consumer623 688 811 
Total revenue
$9,520 $6,317 $6,255 
Schedule of Revenue from External Customers by Geographic Areas
The Company’s operations outside the United States include manufacturing facilities in China, Japan, Malaysia, the Philippines and Thailand, as well as sales offices throughout the Americas, Asia Pacific, Europe, the Middle East and Africa. The following tables summarize the Company’s operations by geographic area:
202520242023
(in millions)
Net revenue (1)
United States$4,328 $2,636 $2,694 
China1,549 488 471 
Hong Kong1,051 1,331 1,139 
Rest of Asia792 573 546 
Europe, Middle East and Africa1,536 1,067 1,175 
Other264 222 230 
Total $9,520 $6,317 $6,255 
(1)    Net revenue is attributed to geographic regions based on the ship-to location of the customer.
Schedule of Long-lived Assets by Geographic Areas
June 27,
2025		June 28,
2024
(in millions)
Long-lived assets (1)
United States$807 $810 
Malaysia378 330 
China87 89 
Thailand791 825 
Rest of Asia279 304 
Europe, Middle East and Africa1 1 
Total$2,343 $2,359 
(1)    Long-lived assets include property, plant and equipment and are attributed to the geographic location in which they are located.