v3.26.1
DEFERRED REVENUE
 6 Months Ended
Jul. 31, 2026
Revenue from Contract with Customer [Abstract]  
DEFERRED REVENUE DEFERRED REVENUE
Deferred revenue consists of support and deployment services, software maintenance, training, software-as-a-service, and undelivered hardware and professional services, consisting of installations and consulting engagements. Deferred revenue is recorded when the Company has invoiced or payments have been received for undelivered products or services, or in situations where revenue recognition criteria have not been met. Revenue is recognized as the Company’s performance obligations under the contract are completed.

The following table presents the changes in the Company’s deferred revenue for the periods indicated:
Three Months EndedSix Months Ended
July 31, 2026August 1, 2025July 31, 2026August 1, 2025
(in millions)
Deferred revenue at beginning of period$27,452 $26,320 $26,930 $25,965 
Revenue deferrals7,272 4,972 12,812 10,427 
Revenue recognized(5,006)(5,111)(10,024)(10,211)
Deferred revenue at end of period$29,718 $26,181 $29,718 $26,181 
Short-term$14,761 $13,759 $14,761 $13,759 
Long-term$14,957 $12,422 $14,957 $12,422 

Remaining Performance Obligations

Revenue allocated to remaining performance obligations, which includes deferred revenue and unbilled amounts not yet recorded in deferred revenue, was approximately $132 billion as of July 31, 2026. The Company expects to recognize approximately 77% of remaining performance obligations as revenue in the next twelve months, approximately 14% in the following twelve months, and the remainder thereafter.

The Company excludes from remaining performance obligations the revenue under cancelable contracts where there is no substantive termination penalty. Additionally, the Company applies the practical expedient to exclude the value of remaining performance obligations where revenue is recognized at the amount for which the Company has the right to invoice for services performed.

Remaining performance obligations estimates are subject to change and are affected by multiple factors, including terminations, changes in the scope or price of contracts, and adjustments for currency.