v3.26.1
Balance Sheet Components (Tables)
 3 Months Ended
Apr. 26, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Certain balance sheet components were as follows:
 Apr 26, 2026Jan 25, 2026
Inventories:(In millions)
Raw materials$6,647 $3,807 
Work in process9,949 8,822 
Finished goods9,201 8,774 
Total inventories (1)$25,797 $21,403 
(1)    We recorded inventory provisions of $0.8 billion and $2.3 billion for the first quarter of fiscal years 2027 and 2026, respectively, in Cost of revenue.
Schedule of Accrued and Other Current Liabilities
 Apr 26, 2026Jan 25, 2026
Accrued and Other Current Liabilities:(In millions)
Taxes payable
$10,638 $2,669 
Customer program accruals4,182 5,318 
Accrued purchase consideration (1)
3,957 3,921 
Excess inventory purchase obligations (2)
3,121 2,739 
Product warranty
2,948 2,807 
Deferred revenue (3)
1,714 1,379 
Accrued payroll and related expenses1,033 1,146 
Other2,194 1,373 
Total accrued and other current liabilities$29,787 $21,352 
(1)    Related to the Groq, Inc. non-exclusive license agreement.
(2)    We recorded $0.3 billion and $3.0 billion for the first quarter of fiscal years 2027 and 2026, respectively, in Cost of revenue.
(3)    Includes customer advances and unearned revenue related to hardware and software support, cloud services, and license and development arrangements. The balance as of April 26, 2026 and January 25, 2026 included $297 million and $160 million of customer advances, respectively.
Schedule of Other Long-term Liabilities
 Apr 26, 2026Jan 25, 2026
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$4,830 $3,958 
Deferred income tax1,798 1,774 
Deferred revenue (2)1,403 1,193 
Other737 381 
Total other long-term liabilities$8,768 $7,306 
(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.
Schedule of Changes in Deferred Revenue
The following table shows the changes in short- and long-term deferred revenue during the first quarter of fiscal years 2027 and 2026:
Three Months Ended
 Apr 26, 2026Apr 27, 2025
(In millions)
Balance at beginning of period$2,572 $1,813 
Deferred revenue additions (1)2,530 6,493 
Revenue recognized (2)(1,985)(6,228)
Balance at end of period$3,117 $2,078 
(1)    Includes $1.7 billion and $6.2 billion of customer advances for the first quarter of fiscal years 2027 and 2026, respectively.
(2)    Includes $1.6 billion and $6.0 billion related to customer advances for the first quarter of fiscal years 2027 and 2026, respectively.