v3.26.1
Segment, Geographic, and Significant Customer Information
 3 Months Ended
Jul. 31, 2026
Segment Reporting [Abstract]  
Segment, Geographic, and Significant Customer Information

13. Segment, Geographic, and Significant Customer Information

Our operations are organized into two segments: Hybrid Cloud and Public Cloud. The two segments are based on the information reviewed by our Chief Operating Decision Maker (CODM), who is the Chief Executive Officer, to evaluate results and allocate resources. The CODM measures performance of each segment based on segment revenue and segment gross profit by comparing actual revenue and gross profit results to historical results and previously forecasted financial information. We do not allocate to our

segments certain cost of revenues which we manage at the corporate level. These unallocated costs include stock-based compensation and amortization of intangible assets. We do not allocate assets to our segments.

Hybrid Cloud offers a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data centers. This portfolio accommodates both structured and unstructured data with unified storage optimized for flash, disk, and cloud storage, capable of handling data-intensive workloads and applications. Hybrid Cloud includes software, hardware, and related support, along with professional and other services.

Public Cloud offers a portfolio of products delivered primarily as-a-service, including related support. This portfolio includes cloud storage, data services, and operational services. Public Cloud includes certain reseller arrangements in which the timing of our consideration follows the end user consumption of the reseller services.

Segment Revenues and Gross Profit

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

 

 

Three Months Ended July 31, 2026

 

 

Hybrid Cloud

 

 

Public Cloud

 

 

Total

 

Product revenues

$

987

 

 

$

—

 

 

$

987

 

Support revenues

 

720

 

 

 

—

 

 

 

720

 

Professional and other services revenues

 

112

 

 

 

—

 

 

 

112

 

Public cloud revenues

 

—

 

 

 

206

 

 

 

206

 

     Net revenues

 

1,819

 

 

 

206

 

 

 

2,025

 

Cost of product revenues

 

448

 

 

 

—

 

 

 

448

 

Cost of support revenues

 

49

 

 

 

—

 

 

 

49

 

Cost of professional and other services revenues

 

71

 

 

 

—

 

 

 

71

 

Cost of public cloud revenues

 

—

 

 

 

28

 

 

 

28

 

     Segment cost of revenues

 

568

 

 

 

28

 

 

 

596

 

         Segment gross profit

$

1,251

 

 

$

178

 

 

$

1,429

 

            Unallocated cost of revenues1

 

 

 

 

 

 

 

(10

)

   Operating expenses

 

 

 

 

 

 

 

(935

)

   Other expense, net

 

 

 

 

 

 

 

—

 

                   Income before income taxes

 

 

 

 

 

 

$

484

 

1 Unallocated cost of revenues are composed of $7 million of stock-based compensation expense and $3 million of amortization of intangible assets.

 

 

 

Three Months Ended July 25, 2025

 

 

Hybrid Cloud

 

 

Public Cloud

 

 

Total

 

Product revenues

$

654

 

 

$

—

 

 

$

654

 

Support revenues

 

647

 

 

 

—

 

 

 

647

 

Professional and other services revenues

 

97

 

 

 

—

 

 

 

97

 

Public cloud revenues

 

—

 

 

 

161

 

 

 

161

 

     Net revenues

 

1,398

 

 

 

161

 

 

 

1,559

 

Cost of product revenues

 

301

 

 

 

—

 

 

 

301

 

Cost of support revenues

 

50

 

 

 

—

 

 

 

50

 

Cost of professional and other services revenues

 

68

 

 

 

—

 

 

 

68

 

Cost of public cloud revenues

 

—

 

 

 

32

 

 

 

32

 

     Segment cost of revenues

 

419

 

 

 

32

 

 

 

451

 

         Segment gross profit

$

979

 

 

$

129

 

 

$

1,108

 

            Unallocated cost of revenues1

 

 

 

 

 

 

 

(10

)

   Operating expenses

 

 

 

 

 

 

 

(789

)

   Other expense, net

 

 

 

 

 

 

 

(5

)

                   Income before income taxes

 

 

 

 

 

 

$

304

 

1 Unallocated cost of revenues are composed of $7 million of stock-based compensation expense and $3 million of amortization of intangible assets.

 

 

Hybrid Cloud Segment Net Revenues by Storage Category are as follows (in millions):

 

 

 

Three Months Ended

 

 

 

July 31, 2026

 

 

July 25, 2025

 

All-flash revenues

 

$

1,309

 

 

$

893

 

Hybrid-flash and other revenues

 

 

510

 

 

 

505

 

Hybrid Cloud segment net revenues

 

$

1,819

 

 

$

1,398

 

Geographical Revenues

Revenues summarized by geographic region are as follows (in millions):

 

 

 

Three Months Ended

 

 

 

July 31, 2026

 

 

July 25, 2025

 

United States, Canada and Latin America (Americas)

 

$

978

 

 

$

791

 

Europe, Middle East and Africa (EMEA)

 

 

668

 

 

 

503

 

Asia Pacific (APAC)

 

 

379

 

 

 

265

 

Net revenues

 

$

2,025

 

 

$

1,559

 

Americas revenues consist of sales to Americas commercial and U.S. public sector markets. Sales to customers inside the U.S. were $930 million and $746 million during the three months ended July 31, 2026 and July 25, 2025, respectively.

 

Significant Customers

Two customers, each of which is a distributor, accounted for 10% or more of our net revenues:

 

 

 

Three Months Ended

 

 

 

July 31, 2026

 

 

July 25, 2025

 

Customer A

 

 

20

%

 

 

23

%

Customer B

 

 

21

%

 

 

21

%

One customer, which is a distributor, accounted for 10% or more of accounts receivable:

 

 

 

July 31, 2026

 

 

April 24, 2026

 

Customer B

 

 

18

%

 

 

18

%