v3.25.2
Cash Equivalents and Marketable Securities (Tables)
 6 Months Ended
Jul. 27, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash Equivalents and Marketable Securities The following is a summary of cash equivalents and marketable securities:
 Jul 27, 2025
Pricing CategoryAmortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Debt securities issued by the U.S. TreasuryLevel 2$23,967 $76 $(11)$24,032 $3,784 $20,248 
Corporate debt securitiesLevel 221,564 81 (9)21,636 2,214 19,422 
Money market fundsLevel 15,245 — — 5,245 5,245 — 
Debt securities issued by U.S. government agenciesLevel 22,238 7 (2)2,243 — 2,243 
Certificates of depositLevel 2108 — — 108 108 — 
Foreign government bonds
Level 240 — — 40 — 40 
Total debt securities with fair value adjustments recorded in other comprehensive income53,162 164 (22)53,304 11,351 41,953 
Publicly-held equity securities (1)
Level 13,199 — 3,199 
Total$53,162 $164 $(22)$56,503 $11,351 $45,152 
(1)    In the first quarter of fiscal year 2026, one investment was reclassified from non-marketable equity securities to marketable securities following public market trading. The fair value of the investment as of July 27, 2025 was $2.8 billion and was subject to a short-term restriction on the ability to sell.
 Jan 26, 2025
Pricing CategoryAmortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Corporate debt securitiesLevel 2$18,504 $51 $(29)$18,526 $2,071 $16,455 
Debt securities issued by the U.S. TreasuryLevel 216,749 42 (22)16,769 1,801 14,968 
Money market fundsLevel 13,760 — — 3,760 3,760 — 
Debt securities issued by U.S. government agenciesLevel 22,775 7 (5)2,777 — 2,777 
Foreign government bondsLevel 2177 — — 177 137 40 
Certificates of depositLevel 297 — — 97 97 — 
Total debt securities with fair value adjustments recorded in other comprehensive income42,062 100 (56)42,106 7,866 34,240 
Publicly-held equity securities
Level 1381 — 381 
Total$42,062 $100 $(56)$42,487 $7,866 $34,621 
The estimated fair value of debt securities included in cash equivalents and marketable securities are shown below by contractual maturity.
Jul 27, 2025
(In millions)
Less than one year$22,521 
Due in 1 - 5 years30,783 
Total$53,304 
Schedule of Investments in a Continuous Unrealized Loss Position
The following table provides the breakdown of unrealized losses, aggregated by investment category and length of time that individual debt securities have been in a continuous loss position:
Jul 27, 2025Jan 26, 2025
 Less than 12 MonthsLess than 12 Months
 Estimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized Loss
 (In millions)
Debt securities issued by the U.S. Treasury$7,319 $(11)$6,315 $(22)
Corporate debt securities3,539 (9)5,291 (29)
Debt securities issued by U.S. government agencies768 (2)816 (5)
Total$11,626 $(22)$12,422 $(56)