Net Income Per Share (Tables)

3 Months Ended

Apr. 28, 2024

Schedule of Reconciliation of Numerators and Denominators of Basic and Diluted net Income Per Share Computations

The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented:


	Three Months Ended
	Apr 28, 2024		Apr 30, 2023

	(In millions, except per share data)
Numerator:
Net income	$	14,881	$	2,043
Denominator:
Basic weighted average shares	2,462		2,470
Dilutive impact of outstanding equity awards	27		20


Diluted weighted average shares	2,489		2,490
Net income per share:
Basic (1)	$	6.04	$	0.83
Diluted (2)	$	5.98	$	0.82
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive	6		4

(1) Calculated as net income divided by basic weighted average shares.

(2) Calculated as net income divided by diluted weighted average shares.

The following table reflects basic and diluted weighted average shares and net income per share on an unaudited pro forma basis giving effect to the Stock Split as if it had been effective for all periods presented:


	Pro Forma (Unaudited)
	Three Months Ended				Year Ended
	Apr 28, 2024		Apr 30, 2023		Jan 28, 2024		Jan 29, 2023		Jan 30, 2022

	(In millions, except per share data)
Numerator:
Net income	$	14,881	$	2,043	$	29,760	$	4,368	$	9,752
Denominator:
Basic weighted average shares	24,620		24,700		24,690		24,870		24,960
Dilutive impact of outstanding equity awards	270		200		250		200		390
Diluted weighted average shares	24,890		24,900		24,940		25,070		25,350
Net income per share:
Basic (1)	$	0.60	$	0.08	$	1.21	$	0.18	$	0.39
Diluted (2)	$	0.60	$	0.08	$	1.19	$	0.17	$	0.38

(1) Calculated as net income divided by basic weighted average shares.

(2) Calculated as net income divided by diluted weighted average shares.