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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jan. 02, 2026
Dec. 27, 2024
Jan. 02, 2026
Dec. 27, 2024
Income Statement [Abstract]        
Revenue, net $ 3,017 $ 2,409 $ 5,835 $ 4,621
Cost of revenue 1,637 1,502 3,228 2,908
Gross profit 1,380 907 2,607 1,713
Operating expenses:        
Research and development 289 225 583 487
Selling, general and administrative 128 132 266 336
Litigation matter 0 0 0 3
Business realignment charges 55 (10) 58 (7)
Total operating expenses 472 347 907 819
Operating income 908 560 1,700 894
Interest and other income (expense):        
Interest income 12 9 29 16
Interest expense (54) (93) (113) (192)
Gain on retained interest in Sandisk 1,103 0 1,714 0
Other income (expense), net (7) (10) (31) (9)
Total interest and other income (expense), net 1,054 (94) 1,599 (185)
Income before taxes 1,962 466 3,299 709
Income tax expense 120 0 275 90
Net income from continuing operations 1,842 466 3,024 619
Net income from discontinued operations, net of taxes 0 128 0 468
Net income $ 1,842 $ 594 $ 3,024 $ 1,087
Basic:        
Continuing operations (in dollars per share) $ 5.27 $ 1.32 $ 8.60 $ 1.74
Discontinued operations (in dollars per share) 0 0.36 0 1.34
Basic (in dollars per share) 5.27 1.68 8.60 3.08
Diluted:        
Continuing operations (in dollars per share) 4.73 1.27 7.82 1.69
Discontinued operations (in dollars per share) 0 0.36 0 1.29
Diluted (in dollars per share) $ 4.73 $ 1.63 $ 7.82 $ 2.98