v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Jul. 25, 2026
Jul. 26, 2025
Jul. 27, 2024
REVENUE:      
Total revenue $ 63,325 $ 56,654 $ 53,803
COST OF SALES:      
Total cost of sales 22,465 19,864 18,975
GROSS MARGIN 40,860 36,790 34,828
OPERATING EXPENSES:      
Research and development 9,563 9,300 7,983
Sales and marketing 11,559 10,966 10,364
General and administrative 2,761 2,992 2,813
Amortization of purchased intangible assets 916 1,028 698
Restructuring and other charges 693 744 789
Total operating expenses 25,492 25,030 22,647
OPERATING INCOME 15,368 11,760 12,181
Interest income 866 1,001 1,365
Interest expense (1,470) (1,593) (1,006)
Other income (loss), net 1,245 (68) (306)
Interest and other income (loss), net 641 (660) 53
INCOME BEFORE PROVISION FOR INCOME TAXES 16,009 11,100 12,234
Provision for income taxes 2,742 920 1,914
NET INCOME $ 13,267 $ 10,180 $ 10,320
Net income per share:      
Basic (in dollars per share) $ 3.36 $ 2.56 $ 2.55
Diluted (in dollars per share) $ 3.33 $ 2.55 $ 2.54
Shares used in per-share calculation:      
Basic (in shares) 3,953 3,976 4,043
Diluted (in shares) 3,987 3,998 4,062
Product      
REVENUE:      
Total revenue $ 48,295 $ 41,608 $ 39,253
COST OF SALES:      
Total cost of sales 17,781 15,121 14,339
Services      
REVENUE:      
Total revenue 15,030 15,046 14,550
COST OF SALES:      
Total cost of sales $ 4,684 $ 4,743 $ 4,636