v3.26.1
Balance Sheet and Other Details
 12 Months Ended
Jul. 25, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet and Other Details Balance Sheet and Other Details
The following tables provide details of selected balance sheet and other items (in millions, except percentages):
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
July 25, 2026July 26, 2025
Cash and cash equivalents$7,218 $8,346 
Restricted cash and restricted cash equivalents included in other current assets9 564 
Total$7,227 $8,910 
In the table above, our restricted cash and restricted cash equivalents are funds primarily related to contractual obligations with suppliers.
Inventories
July 25, 2026July 26, 2025
Raw materials$2,796 $1,744 
Work in process1,140 261 
Finished goods1,525 933 
Service-related spares224 220 
Demonstration systems9 6 
Total$5,694 $3,164 
Property and Equipment, Net
July 25, 2026July 26, 2025
Gross property and equipment:
Land, buildings, and building and leasehold improvements$4,093 $4,045 
Production, engineering, computer and other equipment and related software5,441 5,178 
Operating lease assets51 51 
Furniture, fixtures and other287 316 
Total gross property and equipment9,872 9,590 
Less: accumulated depreciation and amortization(7,112)(7,477)
Total$2,760 $2,113 
Remaining Performance Obligations (RPO)
July 25, 2026July 26, 2025
Product$23,436 $21,572 
Services23,298 21,961 
Total$46,734 $43,533 
Short-term RPO$22,776 $21,723 
Long-term RPO23,958 21,810 
Total$46,734 $43,533 
Deferred revenue$29,781 $28,779 
Unbilled contract revenue16,953 14,754 
Total$46,734 $43,533 
RPO is comprised of deferred revenue plus unbilled contract revenue. Unbilled contract revenue represents noncancelable contracts, primarily subscription arrangements, for which we have not invoiced, have an obligation to perform, and revenue has not yet been recognized in the financial statements.
As of July 25, 2026, we expect to recognize approximately 49% of total remaining performance obligations as revenue over the next 12 months, approximately 39% between one year and three years, and approximately 12% thereafter.
Deferred Revenue
July 25, 2026July 26, 2025
Product$13,817 $13,490 
Services15,964 15,289 
Total$29,781 $28,779 
Reported as:
Current$16,988 $16,416 
Noncurrent12,793 12,363 
Total$29,781 $28,779