Net Income Per Share

6 Months Ended

Jul. 28, 2024

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented:

	Three Months Ended				Six Months Ended
	Jul 28, 2024		Jul 30, 2023		Jul 28, 2024		Jul 30, 2023
	(In millions, except per share data)
Numerator:
Net income	$	16,599	$	6,188	$	31,480	$	8,232
Denominator:
Basic weighted average shares	24,578		24,729		24,599		24,716
Dilutive impact of outstanding equity awards	270		265		270		232
Diluted weighted average shares	24,848		24,994		24,869		24,948
Net income per share:
Basic (1)	$	0.68	$	0.25	$	1.28	$	0.33
Diluted (2)	$	0.67	$	0.25	$	1.27	$	0.33
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive	5		104		68		136

(1)    Calculated as net income divided by basic weighted average shares.

(2)    Calculated as net income divided by diluted weighted average shares.

Diluted net income per share is computed using the weighted average number of common and potentially dilutive shares outstanding during the period, using the treasury stock method. The anti-dilutive effect of equity awards outstanding is not included in the computation of diluted net income per share.