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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Revenue:        
Total revenue $ 1,059 $ 1,112 $ 2,100 $ 2,188
Cost of revenue:        
Amortization of acquired intangible assets 17 46 33 94
Total cost of revenue 364 391 722 800
Gross profit 695 721 1,378 1,388
Operating expense:        
Research and development 247 325 499 660
Selling, general and administrative 234 147 501 588
Goodwill and intangible impairment 0 1,886 0 1,889
Total operating expense 481 2,358 1,000 3,137
Income (loss) from operations 214 (1,637) 378 (1,749)
Other income (expense):        
Interest income 10 13 21 25
Interest expense (25) (20) (50) (39)
Other income (expense), net 107 (332) 139 (323)
Total other income (expense), net 92 (339) 110 (337)
Income (loss) before income taxes 306 (1,976) 488 (2,086)
Provision for income taxes 71 12 122 28
Net income (loss) $ 235 $ (1,988) $ 366 $ (2,114)
Earnings (loss) per share:        
Basic (in dollars per share) $ 1.49 $ (12.48) $ 2.32 $ (13.28)
Diluted (in dollars per share) $ 1.49 $ (12.48) $ 2.31 $ (13.28)
Shares used in computing earnings (loss) per share:        
Basic (in shares) 157 159 158 159
Diluted (in shares) 157 159 158 159
Product        
Revenue:        
Total revenue $ 912 $ 927 $ 1,793 $ 1,803
Cost of revenue:        
Cost of revenue 276 250 529 504
Service        
Revenue:        
Total revenue 147 185 307 385
Cost of revenue:        
Cost of revenue $ 71 $ 95 $ 160 $ 202