v3.25.0.1
Balance Sheet Components (Tables)
 12 Months Ended
Jan. 26, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Certain balance sheet components are as follows:
 Jan 26, 2025Jan 28, 2024
Inventories:(In millions)
Raw materials$3,408 $1,719 
Work in process3,399 1,505 
Finished goods3,273 2,058 
Total inventories (1)$10,080 $5,282 
(1)    In fiscal years 2025 and 2024, we recorded an inventory provision of $1.6 billion and $774 million, respectively, in cost of revenue.
Schedule of Property and Equipment
 Jan 26, 2025Jan 28, 2024Estimated
Useful Life
Property and Equipment:(In millions)(In years)
Land$511 $218 (A)
Buildings, leasehold improvements, and furniture2,076 1,816 (B)
Equipment, compute hardware, and software7,568 5,200 
2-7
Construction in process529 189 (C)
Total property and equipment, gross10,684 7,423  
Accumulated depreciation and amortization(4,401)(3,509) 
Total property and equipment, net$6,283 $3,914  
(A)Land is a non-depreciable asset.
(B)The estimated useful lives of our buildings are up to thirty years. Leasehold improvements and finance leases are amortized based on the lesser of either the asset’s estimated useful life or the expected remaining lease term.
(C)Construction in process represents assets that are not available for their intended use as of the balance sheet date.
Schedule of Other Assets
 Jan 26, 2025Jan 28, 2024
Other Assets (Long Term):(In millions)
Non-marketable equity securities$3,387 $1,321 
Prepaid supply and capacity agreements (1)1,747 2,458 
Income tax receivable750 — 
Prepaid royalties340 364 
Other201 357 
Total other assets$6,425 $4,500 
(1)Prepaid supply and capacity agreements of $3.3 billion and $2.5 billion were included in Prepaid expenses and other current assets as of January 26, 2025 and January 28, 2024, respectively.
Schedule of Accrued and Other Current Liabilities
 Jan 26, 2025Jan 28, 2024
Accrued and Other Current Liabilities:(In millions)
Customer program accruals$4,880 $2,081 
Excess inventory purchase obligations (1)2,095 1,655 
Product warranty and return provisions1,373 415 
Taxes payable881 296 
Accrued payroll and related expenses848 675 
Deferred revenue (2)837 764 
Operating leases288 228 
Licenses and royalties175 182 
Unsettled share repurchases132 187 
Other228 199 
Total accrued and other current liabilities$11,737 $6,682 
(1)In fiscal years 2025 and 2024, we recorded an expense of approximately $2.0 billion and $1.4 billion, respectively, in cost of revenue.
(2)Includes customer advances and unearned revenue related to hardware support, software support, cloud services, and license and development arrangements. The balance as of January 26, 2025 and January 28, 2024 included $81 million and $233 million of customer advances, respectively.
Schedule of Other Long-term Liabilities
 Jan 26, 2025Jan 28, 2024
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$2,188 $1,361 
Deferred revenue (2)976 573 
Deferred income tax886 462 
Licenses payable116 80 
Other79 65 
Total other long-term liabilities$4,245 $2,541 
(1)Income tax payable is comprised of the long-term portion of the one-time transition tax payable, unrecognized tax benefits, and related interest and penalties.
(2)Includes unearned revenue related to hardware support, software support and cloud services.
Schedule of Changes in Deferred Revenue
The following table shows the changes in short- and long-term deferred revenue during fiscal years 2025 and 2024:
 Jan 26, 2025Jan 28, 2024
(In millions)
Balance at beginning of period$1,337 $572 
Deferred revenue additions (1)5,083 2,038 
Revenue recognized (2)(4,607)(1,273)
Balance at end of period$1,813 $1,337 
(1)    Deferred revenue additions includes $3.6 billion and $783 million related to customer advances for fiscal years 2025 and 2024, respectively.
(2)    Revenue recognized includes $3.7 billion and $585 million related to customer advances for fiscal years 2025 and 2024, respectively.