v3.26.1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jul. 31, 2026
Segment Reporting [Abstract]  
Schedule of Reconciliation of Revenue by Reportable Segments to Consolidated Net Revenue
The following table presents a reconciliation of net revenue by the Company’s reportable segments to the Company’s consolidated net revenue as well as a reconciliation of segment operating income to the Company’s consolidated operating income for the periods indicated:
Three Months EndedSix Months Ended
July 31, 2026August 1, 2025July 31, 2026August 1, 2025
(in millions)
Consolidated net revenue:
Infrastructure Solutions Group$31,782 $16,800 $60,791 $27,117 
Client Solutions Group15,034 12,503 29,643 25,012 
Reportable segment net revenue46,816 29,303 90,434 52,129 
Corporate and other (a)155 473 379 1,025 
Total consolidated net revenue$46,971 $29,776 $90,813 $53,154 
Consolidated operating income:
Infrastructure Solutions Group$4,781 $1,470 $7,836 $2,468 
Client Solutions Group1,142 803 2,312 1,456 
Reportable segment operating income (b)5,923 2,273 10,148 3,924 
Corporate and other (a)6 11 16 26 
Amortization of intangibles (c)(96)(125)(193)(251)
Stock-based compensation expense (d)(184)(179)(373)(369)
Other corporate expenses (e)(264)(207)(557)(392)
Total consolidated operating income (f)$5,385 $1,773 $9,041 $2,938 
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(a)Corporate and other includes VMware Resale and other items that are managed at the corporate level and are not allocated to reportable segments.
(b)Depreciation expense directly attributable to each reportable segment is included in the operating results of each segment. However, the CODM does not evaluate depreciation expense by operating segment, and therefore such expense is not separately presented.
(c)Amortization of intangibles includes non-cash purchase accounting adjustments that are primarily related to the acquisition by merger of EMC Corporation in 2016.
(d)Stock-based compensation expense consists of equity awards granted based on the estimated fair value of those awards at grant date.
(e)Other corporate expenses includes severance expenses, payroll taxes associated with stock-based compensation, incentive charges related to equity investments, transaction-related expenses, and impairment charges.
(f)Income and expenses within interest and other, net, is not allocated to the reportable segments. Therefore, the Company does not report below reportable segment operating income.
Schedule of Significant Expense Categories by Reportable Segment
The following table presents the significant expense categories by reportable segment for the periods indicated:
Three Months EndedSix Months Ended
July 31, 2026August 1, 2025July 31, 2026August 1, 2025
(in millions)
Infrastructure Solutions Group:
Cost of net revenue$24,269 $13,164 $47,744 $20,214 
Selling, general, and administrative$2,036 $1,604 $3,830 $3,299 
Research and development$696 $562 $1,381 $1,136 
Client Solutions Group:
Cost of net revenue$12,626 $10,582 $24,830 $21,320 
Selling, general, and administrative$1,050 $972 $2,093 $1,954 
Research and development$216 $146 $408 $282 
Schedule of Disaggregation of Net Revenue
The following table presents the disaggregation of net revenue by reportable segment and by major product categories within the segments for the periods indicated:
Three Months EndedSix Months Ended
July 31, 2026August 1, 2025July 31, 2026August 1, 2025
(in millions)
Infrastructure Solutions Group:
AI-optimized servers$16,401 $8,208 $32,533 $10,090 
Traditional servers and networking10,531 4,736 19,074 9,175 
Storage4,850 3,856 9,184 7,852 
Total ISG net revenue$31,782 $16,800 $60,791 $27,117 
Client Solutions Group:
Commercial$13,192 $10,781 $26,212 $21,827 
Consumer1,842 1,722 3,431 3,185 
Total CSG net revenue$15,034 $12,503 $29,643 $25,012