Stock-Based Compensation (Tables)

12 Months Ended

Jan. 25, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense, Net of Amounts Capitalized as Inventory

Consolidated Statements of Income include stock-based compensation expense as follows:

	Year Ended
	Jan 25, 2026		Jan 26, 2025		Jan 28, 2024
	(In millions)
Cost of revenue	$	261	$	178	$	141
Research and development	4,676		3,423		2,532
Sales, general and administrative	1,449		1,136		876
Total	$	6,386	$	4,737	$	3,549

Schedule of Equity Awards

The following is a summary of equity awards granted under our equity incentive plans:

	Year Ended
	Jan 25, 2026		Jan 26, 2025		Jan 28, 2024
	(In millions, except per share data)
RSUs, PSUs and Market-based PSUs
Awards granted	70		89		140
Estimated total grant-date fair value	$	9,389	$	7,834	$	5,316
Weighted average grant-date fair value per share	$	133.97	$	87.99	$	37.41
ESPP
Shares purchased	13		30		30
Weighted average price per share	$	49.13	$	17.74	$	15.81
Weighted average grant-date fair value per share	$	20.75	$	8.61	$	6.99

Schedule of ESPP Valuation Assumptions

The fair value of shares issued under our ESPP has been estimated with the following assumptions:

	Year Ended
	Jan 25, 2026	Jan 26, 2025	Jan 28, 2024
	(Using the Black-Scholes model)
ESPP
Weighted average expected life (in years)	0.1-2.0	0.1-2.0	0.1-2.0
Risk-free interest rate	3.5%-4.3%	3.6%-5.4%	3.9%-5.5%
Volatility	26%-96%	31%-75%	31%-67%
Dividend yield	0.03%	0.03%	0.06%

Schedule of Equity Award Transactions

The following is a summary of our equity award transactions under our equity incentive plans: 

	RSUs, PSUs and Market-based PSUs Outstanding
	Number of Shares	Weighted Average Grant-Date Fair Value Per Share
	(In millions, except per share data)
Balance as of Jan 26, 2025	274	$	44.75
Granted	70	$	133.97
Vested	(146)	$	39.14
Canceled and forfeited	(9)	$	59.29
Balance as of Jan 25, 2026	189	$	81.51
Vested and expected to vest after Jan 25, 2026	188	$	81.15