v3.25.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Jan. 26, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense, Net of Amounts Capitalized as Inventory
Consolidated Statements of Income include stock-based compensation expense, net of amounts capitalized into inventory and subsequently recognized to cost of revenue, as follows:
 Year Ended
Jan 26, 2025Jan 28, 2024Jan 29, 2023
 (In millions)
Cost of revenue$178 $141 $138 
Research and development3,423 2,532 1,892 
Sales, general and administrative1,136 876 680 
Total$4,737 $3,549 $2,710 
Schedule of Equity Awards
The following is a summary of equity awards granted under our equity incentive plans:
Year Ended
Jan 26, 2025Jan 28, 2024Jan 29, 2023
(In millions, except per share data)
RSUs, PSUs and Market-based PSUs
Awards granted89 140 250 
Estimated total grant-date fair value$7,834 $5,316 $4,505 
Weighted average grant-date fair value per share$87.99 $37.41 $18.37 
ESPP
Shares purchased30 30 30 
Weighted average price per share$17.74 $15.81 $12.25 
Weighted average grant-date fair value per share$8.61 $6.99 $5.19 
Schedule of ESPP Valuation Assumptions
The fair value of shares issued under our ESPP have been estimated with the following assumptions:
 Year Ended
 Jan 26, 2025Jan 28, 2024Jan 29, 2023
(Using the Black-Scholes model)
ESPP
Weighted average expected life (in years)
0.1-2.0
0.1-2.0
0.1-2.0
Risk-free interest rate
3.6%-5.4%
3.9%-5.5%
—%-4.6%
Volatility
31%-75%
31%-67%
43%-72%
Dividend yield
0.03%
0.06%
0.09%
Schedule of Equity Award Transactions
The following is a summary of our equity award transactions under our equity incentive plans: 
RSUs, PSUs and Market-based PSUs Outstanding
 Number of Shares
Weighted Average Grant-Date Fair Value Per Share
(In millions, except per share data)
Balance as of Jan 28, 2024
367 $24.59 
Granted89 $87.99 
Vested(173)$24.89 
Canceled and forfeited(9)$32.10 
Balance as of Jan 26, 2025
274 $44.75 
Vested and expected to vest after Jan 26, 2025
272 $44.59