v3.26.1
Cash Equivalents and Marketable Securities (Tables)
 3 Months Ended
Apr. 26, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash Equivalents and Marketable Securities
The following is a summary of cash equivalents and marketable securities:
 Apr 26, 2026
Pricing CategoryCost or Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
 Cash EquivalentsMarketable Debt SecuritiesMarketable Equity SecuritiesOther Assets
 (In millions)
Debt securities issued by the U.S. TreasuryLevel 2$21,883 $43 $(8)$21,918 $470 $21,448 $— $— 
Corporate debt securitiesLevel 215,092 48 (8)15,132 1,533 13,599 — — 
Debt securities issued by U.S. government agenciesLevel 22,009 2 (1)2,010 — 2,010 — — 
Certificates of depositLevel 2132 — — 132 132 — — — 
Foreign government bondsLevel 240 1 — 41 — 41 — — 
Money market fundsLevel 110,212 — — 10,212 10,212 — — — 
Publicly-held equity securities (1) (2)Level 129,887 — — 21,023 8,864 
Publicly-held equity securities (1) (3)Level 29,214 — — 9,214 — 
Total$49,368 $94 $(17)$88,546 $12,347 $37,098 $30,237 $8,864 
(1)    The balance as of April 26, 2026 included $27.4 billion of investments, which are subject to short-term lock-up restrictions on the ability to sell.
(2)    The long-term portion of publicly-held equity securities, which are subject to lock-up restrictions through December 2027 of $8.9 billion as of April 26, 2026, was included in Other assets.
(3)    The publicly-held equity securities classified in Level 2 include investments in warrants and preferred stock convertible to common stock in public companies.
 Jan 25, 2026
Pricing CategoryCost or Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
 Cash EquivalentsMarketable Debt SecuritiesMarketable Equity SecuritiesOther Assets
 (In millions)
Debt securities issued by the U.S. TreasuryLevel 2$21,635 $77 $(3)$21,709 $— $21,709 $— $— 
Corporate debt securitiesLevel 215,410 92 (3)15,499 345 15,154 — — 
Debt securities issued by U.S. government agenciesLevel 22,157 4 — 2,161 — 2,161 — — 
Certificates of depositLevel 2110 — — 110 110 — — — 
Foreign government bondsLevel 240 1 — 41 — 41 — — 
Money market fundsLevel 17,830 — — 7,830 7,830 — — — 
Publicly-held equity securities (1) (2)Level 117,726 — — 12,886 4,840 
Total$47,182 $174 $(6)$65,076 $8,285 $39,065 $12,886 $4,840 
(1)    The balance as of January 25, 2026 included $10.5 billion of investments that are subject to short-term lock-up restrictions on the ability to sell.
(2)    The long-term portion of publicly-held equity securities, which are subject to lock-up restrictions through December 2027 of $4.8 billion as of January 25, 2026, was included in Other assets.
The estimated fair values of debt securities included in cash equivalents and marketable debt securities are shown below by contractual maturity.
Apr 26, 2026
(In millions)
Less than one year$24,307 
Due in 1 - 5 years14,926 
Total$39,233 
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:
Apr 26, 2026Jan 25, 2026
 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$12,238 $(8)$10,666 $(3)
Corporate debt securities2,658 (8)1,332 (3)
Debt securities issued by U.S. government agencies1,291 (1)1,134 — 
Total$16,187 $(17)$13,132 $(6)