Net Income (Loss) per Common Share (Tables)

9 Months Ended

Apr. 03, 2026

Schedule of Net Income (Loss) per Common Share

The following table presents the computation of basic and diluted net income (loss) per common share:


	Three Months Ended				Nine Months Ended
	April 3, 2026		March 28, 2025		April 3, 2026		March 28, 2025
	(in millions, except per share amounts)


Net income (loss)	$	3,615	$	(1,933)	$	4,530	$	(1,618)

Weighted average shares outstanding:
Basic	148		145		147		145

Diluted (1)	157		145		154		145

Net income (loss) per common share:
Basic	$	24.43	$	(13.33)	$	30.82	$	(11.16)
Diluted (1)	$	23.03	$	(13.33)	$	29.42	$	(11.16)

(1) For the three months ended April 3, 2026, 0.1 million weighted average outstanding awards were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive. For the nine months ended April 3, 2026, 0.1 million weighted average outstanding awards were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive. For the three and nine months ended March 28, 2025, the Company recorded a net loss. Accordingly, the potential dilution from all equity awards would be anti-dilutive. As a result, basic net loss per share is equal to diluted net loss per share for such periods.