v3.26.1
Segment Information and Major Customers (Tables)
 12 Months Ended
Jul. 25, 2026
Segment Reporting [Abstract]  
Reportable Segments
The following summarizes our revenue and gross margin by segment and the significant expenses by each segment for fiscal 2026, 2025, and 2024 (in millions):
Years EndedJuly 25, 2026July 26, 2025July 27, 2024
Revenue:
Americas$37,799 $33,656 $31,971 
EMEA16,613 14,824 14,117 
APJC8,914 8,174 7,716 
Total$63,325 $56,654 $53,803 
Gross margin:
Americas$24,625 $22,962 $21,372 
EMEA11,835 10,545 9,755 
APJC5,933 5,431 5,187 
Segment total42,392 38,938 36,312 
Unallocated corporate items(1,532)(2,148)(1,484)
Total$40,860 $36,790 $34,828 
Supplemental information about our significant expenses:
Americas:
Cost of sales — product$10,712 $8,206 $8,077 
Cost of sales — services2,463 2,487 2,523 
Segment total$13,174 $10,694 $10,600 
EMEA:
Cost of sales — product$3,621 $3,138 $3,264 
Cost of sales — services1,158 1,140 1,098 
Segment total$4,778 $4,279 $4,362 
APJC:
Cost of sales — product$2,270 $2,010 $1,838 
Cost of sales — services711 734 690 
Segment total$2,982 $2,743 $2,529 
Revenue for Groups of Similar Products and Services
The following table presents this disaggregation of revenue (in millions):
Years EndedJuly 25, 2026July 26, 2025July 27, 2024
Product revenue:
Networking$34,668 $28,304 $29,229 
Security8,232 8,094 5,075 
Collaboration4,300 4,154 4,113 
Observability1,095 1,055 837 
Total Product48,295 41,608 39,253 
Services15,030 15,046 14,550 
Total revenue$63,325 $56,654 $53,803 
Our subscription revenue is recorded in product and services revenue in our Consolidated Statements of Operations as follows (in millions):
Years EndedJuly 25, 2026July 26, 2025July 27, 2024
Product$18,314 $17,783 $14,078 
Services13,663 13,743 13,302 
Total$31,977 $31,526 $27,380 
The following table presents revenue for groups of similar products and services (in millions):
Years EndedJuly 25, 2026July 26, 2025July 27, 2024
Revenue:
Networking$34,668 $28,304 $29,229 
Security8,232 8,094 5,075 
Collaboration4,300 4,154 4,113 
Observability1,095 1,055 837 
Total Product48,295 41,608 39,253 
Services15,030 15,046 14,550 
Total$63,325 $56,654 $53,803 
Property and Equipment Information for Geographic Areas The following table presents our long-lived assets, which consists of property and equipment, net and operating lease ROU assets information for geographic areas (in millions):
July 25, 2026July 26, 2025
Long-lived assets:
United States$2,815 $2,370 
International1,340 1,044 
Total$4,155 $3,414