v3.26.1
Disaggregated Revenue, Geographic Information, Concentrations of Risk, and Segment Reporting (Tables)
 12 Months Ended
Jul. 03, 2026
Segment Reporting [Abstract]  
Schedule of Disaggregation of Net Revenue
The Company’s disaggregated net revenue by end market is as follows:
202620252024
(in millions)
Net revenue by end market
Cloud$11,490 $8,341 $5,052 
Client726 556 577 
Consumer703 623 688 
Total net revenue$12,919 $9,520 $6,317 
Schedule of Revenue from External Customers by Geographic Areas
The Company’s operations outside the U.S. include manufacturing and/or R&D 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:
202620252024
(in millions)
Net revenue (1)
United States$5,169 $4,328 $2,636 
China2,541 1,549 488 
Hong Kong1,487 1,051 1,331 
Rest of Asia1,095 792 573 
Europe, Middle East and Africa2,114 1,536 1,067 
Other513 264 222 
Total $12,919 $9,520 $6,317 
(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
July 3,
2026		June 27,
2025
(in millions)
Long-lived assets (1)
United States$792 $807 
Thailand867 791 
Malaysia443 378 
China94 87 
Rest of Asia260 279 
Europe, Middle East and Africa20 1 
Total$2,476 $2,343 
(1)    Long-lived assets include property, plant and equipment and are attributed to the geographic location in which they are located.
Schedule of Segment Reporting
The following table is a reconciliation of the Company’s measure of segment profit or loss, significant segment expenses and other segment items:
202620252024
(in millions)
Revenue, net
$12,919 $9,520 $6,317 
Less: Significant expenses and other segment items
Cost of revenue(1)
6,570 5,771 4,506 
Research and development(1)
1,071 920 885 
Selling, general and administrative(1)
461 503 583 
Litigation matter
— (179)291 
Business realignment charges (credits)(1)
137 (6)209 
Stock-based compensation
204 167 202 
Strategic review
— — 38 
Interest expense, net
114 312 381 
Loss on retained interest in Sandisk
(6,498)772 — 
Costs in connection with debt-for-equity exchange545 100 — 
Costs in connection with convertible notes transactions108 — — 
Costs in connection with equity-for-equity exchanges254 — — 
Other expense, net
9 2 14 
Other segment items(2)
39 28 (53)
Income tax expense (benefit)
481 (513)26 
Net income (loss) from continuing operations
$9,424 $1,643 $(765)
(1)    Excludes amounts related to stock-based compensation and strategic review which are presented separately in the table above.
(2)    Other segment items include activity from strategic investments and other small charges.