v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 26, 2026
Apr. 27, 2025
Cash flows from operating activities:    
Net income $ 58,321 $ 18,775
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 1,928 1,474
Deferred income taxes 1,584 (2,177)
Depreciation and amortization 997 611
(Gains) losses from equity securities, net (15,936) 175
Other (94) (98)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (2,243) 933
Inventories (4,420) (1,258)
Prepaid expenses and other assets (983) 560
Accounts payable 2,210 941
Accrued and other current liabilities 7,763 7,128
Other long-term liabilities 1,217 350
Net cash provided by operating activities 50,344 27,414
Cash flows from investing activities:    
Proceeds from maturities of marketable debt securities 1,946 3,122
Proceeds from sales of non-marketable securities 26 0
Proceeds from sales of marketable debt securities 25 467
Purchases of non-marketable securities (18,582) (649)
Purchases of marketable debt and equity securities (8,000) (6,546)
Purchases related to property and equipment and intangible assets (1,757) (1,227)
Acquisitions, net of cash acquired (87) (383)
Net cash used in investing activities (26,429) (5,216)
Cash flows from financing activities:    
Proceeds related to employee stock plans 515 370
Payments related to repurchases of common stock (19,312) (14,095)
Payments related to employee stock plan taxes (2,129) (1,532)
Dividends paid (243) (244)
Principal payments on property and equipment and intangible assets (33) (52)
Other (81) 0
Net cash used in financing activities (21,283) (15,553)
Change in cash and cash equivalents 2,632 6,645
Cash and cash equivalents at beginning of period 10,605 8,589
Cash and cash equivalents at end of period $ 13,237 $ 15,234