Balance Sheet Components (Tables)
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12 Months Ended |
Jan. 25, 2026 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Schedule of Inventory |
Certain balance sheet components are as follows: | | | | | | | | | | | | | | Jan 25, 2026 | | Jan 26, 2025 | Inventories: | (In millions) | | Raw materials | $ | 3,807 | | | $ | 3,408 | | | Work in process | 8,822 | | | 3,399 | | | Finished goods | 8,774 | | | 3,273 | | | Total inventories (1) | $ | 21,403 | | | $ | 10,080 | |
(1) In fiscal years 2026 and 2025, we recorded inventory provisions of $4.0 billion and $1.6 billion, respectively, in cost of revenue.
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| Schedule of Property and Equipment |
| | | | | | | | | | | | | | | | | | | | Jan 25, 2026 | | Jan 26, 2025 | | Estimated
Useful Life | | | | | | | Property and Equipment: | (In millions) | | (In years) | | Land | $ | 777 | | | $ | 511 | | | (A) | | Buildings, leasehold improvements, and furniture | 2,891 | | | 2,076 | | | (B) | Equipment, compute hardware, and software | 12,619 | | | 7,568 | | | 2-7 | | Construction in process | 683 | | | 529 | | | (C) | | Total property and equipment, gross | 16,970 | | | 10,684 | | | | | Accumulated depreciation and amortization | (6,587) | | | (4,401) | | | | | Total property and equipment, net | $ | 10,383 | | | $ | 6,283 | | | |
(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.
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| Schedule of Accrued and Other Current Liabilities |
| | | | | | | | | | | | | | Jan 25, 2026 | | Jan 26, 2025 | | | | | Accrued and Other Current Liabilities: | (In millions) | | Customer program accruals | $ | 5,318 | | | $ | 4,880 | | Accrued purchase consideration | 3,921 | | | 9 | | Product warranty | 2,807 | | | 1,290 | | | Excess inventory purchase obligations (1) | 2,739 | | | 2,095 | | | Taxes payable | 2,669 | | | 881 | | | Deferred revenue (2) | 1,379 | | | 837 | | | Accrued payroll and related expenses | 1,146 | | | 848 | | | Other | 1,373 | | | 897 | | | Total accrued and other current liabilities | $ | 21,352 | | | $ | 11,737 | |
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| Schedule of Other Long-term Liabilities |
| | | | | | | | | | | | | | Jan 25, 2026 | | Jan 26, 2025 | | | | | Other Long-Term Liabilities: | (In millions) | | Income tax payable (1) | $ | 3,958 | | | $ | 2,188 | | | Deferred income tax | 1,774 | | | 886 | | | Deferred revenue (2) | 1,193 | | | 976 | | | Other | 381 | | | 195 | | | Total other long-term liabilities | $ | 7,306 | | | $ | 4,245 | |
(1)Primarily comprised of unrecognized tax benefits and related interest and penalties. (2)Includes unearned revenue related to hardware and software support and cloud services.
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| Schedule of Changes in Deferred Revenue |
The following table shows the changes in short- and long-term deferred revenue during fiscal years 2026 and 2025: | | | | | | | | | | | | | | Jan 25, 2026 | | Jan 26, 2025 | | | | | | (In millions) | | Balance at beginning of period | $ | 1,813 | | | $ | 1,337 | | | Deferred revenue additions (1) | 11,137 | | | 5,083 | | | Revenue recognized (2) | (10,378) | | | (4,607) | | | Balance at end of period | $ | 2,572 | | | $ | 1,813 | |
(1) Includes $9.0 billion and $3.6 billion of customer advances for fiscal years 2026 and 2025, respectively. (2) Includes $8.9 billion and $3.7 billion related to customer advances for fiscal years 2026 and 2025, respectively.
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