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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ 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 $ 3,025 $ 1,876 $ 5,333 $ 3,759
Cost of revenue 1,484 1,270 3,105 2,427
Gross profit 1,541 606 2,228 1,332
Operating expenses:        
Research and development 327 279 643 562
Selling, general and administrative 139 142 318 272
Business separation costs 9 21 18 41
Employee termination and other 1 3 (2) 5
(Gain) loss on business divestiture 0 (34) 10 (34)
Total operating expenses 476 411 987 846
Operating income 1,065 195 1,241 486
Interest and other expense:        
Interest income 12 2 28 5
Interest expense (25) (4) (65) (6)
Other expense, net (115) (20) (143) (45)
Total interest and other expense, net (128) (22) (180) (46)
Income before taxes 937 173 1,061 440
Income tax expense 134 69 146 125
Net income $ 803 $ 104 $ 915 $ 315
Net income per common share:        
Basic (in dollars per share) $ 5.46 $ 0.72 $ 6.27 $ 2.17
Diluted (in dollars per share) $ 5.15 $ 0.72 $ 6.02 $ 2.17
Weighted average shares outstanding:        
Basic (in shares) 147 145 146 145
Diluted (in shares) 156 145 152 145