Net Income per Share (Tables)

9 Months Ended

Apr. 25, 2026

The following table presents the calculation of basic and diluted net income per share (in millions, except per-share amounts):


	Three Months Ended				Nine Months Ended
	April 25, 2026		April 26, 2025		April 25, 2026		April 26, 2025
Net income	$	3,373	$	2,491	$	9,408	$	7,630
Weighted-average shares—basic	3,952		3,972		3,954		3,981
Effect of dilutive potential common shares	30		30		33		23
Weighted-average shares—diluted	3,982		4,002		3,987		4,004
Net income per share—basic	$	0.85	$	0.63	$	2.38	$	1.92
Net income per share—diluted	$	0.85	$	0.62	$	2.36	$	1.91
Antidilutive employee share-based awards, excluded	—		11		—		61